214 W Mathews St
RoswellNM88203
Cheap Homes for Rent near Lakewood, NM from $700 (12 Rentals)
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1 1/2 E La Paloma Ln
RoswellNM88201
1202 S Missouri Ave
RoswellNM88203
602 S Pennsylvania Ave
RoswellNM88203
303 E Bland St
RoswellNM88203
1002 W Deming St
RoswellNM88203
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1204 S Missouri Ave
RoswellNM88203
613 S Hemlock Ave
RoswellNM88203
9 Oak Dr
RoswellNM88203
1602 W Tilden St
RoswellNM88203
201 N Mesquite St
CarlsbadNM88220
1744 N Ohio Ave
RoswellNM88201
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Lakewood, NM Local Guide
Grasslands of New Mexico by Greg Heartsfield is licensed under CC BY 2.0
How much does it cost to rent a home in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood 2 Bedroom Homes for Rent | $1,227 | $725 | $1,700 |
| Lakewood 3 Bedroom Homes for Rent | $1,401 | $1,075 | $2,300 |
| Lakewood 4 Bedroom Homes for Rent | $1,987 | $1,475 | $2,500 |
| Lakewood 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
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Lakewood, NM Local Guide
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Cheapest Available Lakewood Apartments for Rent and Nearby
The cheapest available apartment rental in Lakewood, NM is a 1 Bed unit found at Roselawn Manor priced from $517. Wilshire Gardens 55+ has the second lowest priced unit, which is a 2 Beds apartment currently listed from $676. Here is today’s list of the most affordable Lakewood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Roselawn Manor | One Bedroom | 1BR,1BA | $517 |
| Wilshire Gardens 55+ | 2 BR | 2BR,1BA | $676 |
| Sierra Vista Village | 2B/1B SS | 2BR,1BA | $700 |
| Mirador Apartments | 1 BEDROOM | 1BR,1BA | $700 |
| Mesa Verde - FREE Utilities | One Bedroom | 1BR,1BA | $820 |
Best Value Apartments for Rent in Lakewood, NM and Nearby
As of July 24, 2026 the best value apartment in the Lakewood area is the $1.26 price per square foot 3 Bed, 1.5 Bath B Model at Villas of Briar Ridge in the starting from $1,504. The second greatest value Lakewood apartment is the Two Bedroom Large Model at Christa Lee Manor Apartments starting at $855 with a $0.90 price per square foot . Here is today’s list of the best values for Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Villas of Briar Ridge | 3 Bed, 1.5 Bath B | 3BR,1.5BA | $1.26 |
| Christa Lee Manor Apartments | Two Bedroom Large | 2BR,2BA | $0.90 |
| Lovington Trails | One Bedroom | 1BR,1BA | $1.30 |
| Tia Maria | Two Bedroom | 2BR,1BA | $1.39 |
| Wilshire Gardens 55+ | 2 BR | 2BR,1BA | $0.77 |
| EMLI Artesia: Income Qualify Today | One Bedroom - 60% Tax Credit | 1BR,1BA | $1.28 |
| Mirador Apartments | 1 BEDROOM | 1BR,1BA | $1.09 |
| Saddlecreek Apartments | Magnolia | 2BR,1BA | $1.40 |
| Sierra Vista Village | 2B/1B | 1BR,1BA | $1.17 |
| Roselawn Manor | One Bedroom | 1BR,1BA | $0.88 |
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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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See the most popular apartments and homes in Lakewood, NM
Frequently Asked Questions about Lakewood
What type of rentals are currently available in Lakewood?
There are currently 26 Apartments for Rent in Lakewood, NM with pricing that ranges from $548 to $3,156. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $725 to $4,500.
What is the current price range for Rental Homes in Lakewood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakewood ranges from $725 to $4,500 with an average monthly rent of $2,041.
How much are larger Three and Four Bedroom Rentals in Lakewood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakewood range from $707 to $3,156, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,075 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,475 and Four Bedroom Apartments start at $1,506.
Expert Rental Resources
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.