Cheap Apartments for Rent in Lakewood, CO from $400 (277 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lakewood.

property at 1045 Balsam St

1045 Balsam St

LakewoodCO80214
property at 7310 W 10th Ave

7310 W 10th Ave

LakewoodCO80214
property at 7315 W 9th Pl

7315 W 9th Pl

LakewoodCO80214

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 825 Oak St

825 Oak St

LakewoodCO80215

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Experience Life as a Local: The Insider's Guide to Renting in Denver

Explore Denver with a local! Discover historic neighborhoods like LoDo & Capitol Hill, top attractions, best dining spots, public transit, and fun things to do in the Mile High City.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Lakewood, CO Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lakewood, CO

Pricing Updated: 12/05/2025

Current apartment rentals in the Lakewood, CO area range in price from $431 to $7,966 with an overall median price of $2,633. The three Lakewood neighborhoods with the lowest median rent pricing are Edgewood at $996, Morse Park at $525, and North Alameda at $1,095. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Lakewood Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Edgewood$1,784$99662
Morse Park$2,100$525668
North Alameda$2,350$1,09514
Belmar$2,656$431435
Eiber$2,726$77567
Lasley$3,075$895361
Lakewood/West Corridor$3,742$5251658

Cheapest Available Lakewood Apartments for Rent

 

The cheapest available apartment rental in Lakewood, CO is a 1 Bed unit found at Avenida Del Sol in the South Alameda neighborhood priced from $698. Bear Valley Village Apartments in the Marston neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Avenida Del SolA11BR,1BA$698
Bear Valley Village ApartmentsStudio ApartmentStudio,1BA$895
Williamsburg Community1x11BR,1BA$919
PinecrestTA 1 Bed 1 Bath1BR,1BA$929
Tabor LakeStudio AStudio,1BA$929
Live On South FederalTA 1 Bed 1 Bath1BR,1BA$929
Autumn Ridge ApartmentsTA 1 Bed 1 Bath1BR,1BA$929
Westhaven Senior Apartments 62+1Br1Ba1BR,1BA$945
Cavalier Club ApartmentsStudioStudio,1BA$950
Lost Creek Apartments1 Beds, 1 Baths1BR,1BA$975

Best Value Apartments for Rent in Lakewood, CO

As of December 05, 2025 the best value apartment in the Lakewood area is the $1.40 price per square foot Penthouse Model at Avon North Apartments in the in the Southwest Denver neighborhood starting from $2,200. The second greatest value Lakewood apartment is the Large 2 Bedroom/ 2 Bath Model at THE PINES Apartments starting at $1,350 with a $1.42 price per square foot in the Daniels Garden neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Avon North ApartmentsPenthouse3BR,1BA$1.40
THE PINES ApartmentsLarge 2 Bedroom/ 2 Bath2BR,2BA$1.42
8332 W 26th AveCrown Hill2BR,1BA$1.43
Lime Apartments2 Bedroom 1 Bathroom2BR,1BA$1.49
Reed Park Apartments2BR/2BA2BR,2BA$1.47
Elm Creek ApartmentsEC 2 Bed 1 Bath2BR,1BA$1.53
COTTONWOOD APARTMENTS2x12BR,1BA$1.47
Avenida Del SolB12BR,1BA$1.02
The Kimberly Apartments0x1Studio ,1BA$1.39
Williamsburg Community1x11BR,1BA$1.48

The Essential Guide to Denver Neighborhoods for Employees of Lockheed Martin, DIA, and Deloitte

Explore dynamic Denver neighborhoods like Ballpark, Five Points, and East Westminster. Find the perfect apartment with a great lifestyle and easy access to major employers and cultural hubs.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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The Student Renter's Ultimate Guide to Picking the Perfect Denver Neighborhood to Rent

Learn About the Best Neighborhoods to Rent Near College Campuses in Denver, CO | Find Denver Off-Campus Student Housing at ApartmentHomeLiving.com

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lakewood Overview

Lakewood, Colorado is the fifth-largest town in the Denver metropolitan area. Just minutes away from downtown Denver and 64 miles north-northwest of alluring Colorado Springs, Lakewood boasts some of the most spectacular views of the foothills of the Rocky Mountains. Its premier location and affordability make it one of the most popular destinations for those seeking a well-rounded living experience.

Why live in Lakewood, CO?

Lakewood is a suburb of Denver, offering all the advantages to metropolitan life, while still providing that sense of community many are seeking. This little town offers its residents a balanced life, filled with arts, culture, outdoor activities, and an opportunity to make an honest living.

Pet Friendly Lifestyle
Lakewood, CO

Ranked #4

Among cities in Colorado for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Lakewood, CO

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lakewood, CO Rentals by Map

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See the most popular apartments and homes in Lakewood, CO

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Lakewood, CO Apartments Map
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Getting Around Lakewood, CO

Walk Score®

65 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

66 / 100

Bikeable

Some bike infrastructure

Transit Score®

39 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lakewood Apartments

What is a cheap apartment in Lakewood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood is under $975.

What is the price of a cheap apartment in Lakewood?

The cheapest apartment in Lakewood is Avenida Del Sol which is listed at $698, while the average apartment in Lakewood costs $2,633.

What types of apartments are the cheapest in Lakewood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 220 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lakewood?

Cheap apartments in Lakewood have an average cost of $263 which is $2,370 cheaper than the average rent for all rentals in Lakewood.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The 10 Best Affordable Neighborhoods in Denver, CO

Written by: Marie McGinnis

Denver is a beautiful city with ample opportunities for outdoor recreation and a wide variety of housing options. As your ApartmentHomeLiving.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!