Cheap Apartments for Rent in Lakewood, NY from $500 (33 Rentals)

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Fairhern Apartments
2 Bedroom Apartments

Fairhern Apartments

21-23 Hern AveLakewood, NY 14750
  • Utilities Included
property at 10 Barker St

$650

5 Bedroom, 2.5 Bath Home for Rent

Available Aug 1

10 Barker St

FredoniaNY14063

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 1831 W Grandview Blvd

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Jul 14

1831 W Grandview Blvd

EriePA16509

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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Plymouth Apartments
1 to 3 Bedroom Apartments

Plymouth Apartments

604-608 Chestnut StErie, PA 16502
  • Utilities Included

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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Arneman Place
2 to 4 Bedroom Apartments

Arneman Place

4690 Iroquois AveErie, PA 16511
  • Utilities Included

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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Showing Results 1-33, Page 1 of 1

Lakewood, NY Local Guide

Cheapest Available Lakewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lakewood, NY is a 3 Beds unit found at Park Place Student Housing priced from $549. Drake Village Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $680. Here is today’s list of the most affordable Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park Place Student Housing3x13BR,1BA$549
Drake Village Apartments2 Bedroom2BR,1BA$680
The Bowie Apartments0BR/1.0BAStudio,1BA$695
Fairmount Hills Apartments1 Bed/1 Bathroom1BR,1BA$700
Willow Commons ApartmentsOne Bedroom1BR,1BA$704
The Meadows1 bedroom1BR,1BA$750
Park Row Apartments1 Bedroom, 1 Bathroom1BR,1BA$750
Wellman BuildingStudio, 1 bathStudio,1BA$750
Lighthouse Apartments1 bedroom / 1 bath1BR,1BA$825
Ellicott Oaks Apartments2 Beds, 1 bath2BR,1BA$850

Best Value Apartments for Rent in Lakewood, NY and Nearby

As of April 14, 2026 the best value apartment in the Lakewood area is the $0.77 price per square foot The Nittany Model at Hudson Lofts in the starting from $1,055. The second greatest value Lakewood apartment is the Three Bedroom Townhome - B Model at Granite Ridge Apartments starting at $1,400 with a $1.08 price per square foot . 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.
Hudson LoftsThe Nittany4BR,4BA$0.77
Granite Ridge ApartmentsThree Bedroom Townhome - B3BR,1.5BA$1.08
Arneman Place3 Bedroom Apartment3BR,1.5BA$0.72
Ellicott Oaks Apartments2 Beds, 1 bath2BR,1BA$0.91
Willow Commons ApartmentsOne Bedroom1BR,1BA$0.78
The Meadows2 bedroom2BR,1BA$1.18
Lovell Place1B1B1BR,1BA$1.17
Wellman BuildingStudio, 1 bathStudio ,1BA$1.00
Park Row Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.15
Fairmount Hills Apartments1 Bed/1 Bathroom1BR,1BA$1.17

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Explore Lakewood, NY Rentals by Map

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Frequently Asked Questions about Cheap Lakewood Apartments

What is the Cheapest Studio apartment in Lakewood?

Currently the most affordable Cheap Studio Apartment in Lakewood is at The Bowie Apartments listed at $695.

How much is rent for a Cheap One Bedroom Lakewood Apartment?

The lowest price for a Cheap One Bedroom Lakewood Apartment is $700 at Fairmount Hills Apartments.

What is the lowest price for a Cheap Two Bedroom Lakewood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lakewood is starting from $680 at Drake Village Apartments.

What is the most affordable Lakewood Three Bedroom Apartment?

The best deal on a cheap Lakewood Three Bedroom Apartment rental is at Park Place Student Housing and starts from $549.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.