Cheap Apartments for Rent in Lakewood, NY from $549 (52 Rentals)

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

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Fairhern Apartments
2 Bedroom Apartments

Fairhern Apartments

21-23 Hern AveLakewood, NY 14750
  • Utilities Included

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.

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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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property at 1060 E 24th St
$1,075

Total Monthly Price

Base Rent$1,075
Total Monthly Price$1,075
3 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

1060 E 24th St

EriePA16503
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Arneman Place
2 to 4 Bedroom Apartments

Arneman Place

4690 Iroquois AveErie, PA 16511
  • Utilities Included
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3535 State St
1 Bedroom Apartments

3535 State St

3535 State StErie, PA 16508
  • Utilities Included
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Plymouth Apartments
1 to 3 Bedroom Apartments

Plymouth Apartments

604-608 Chestnut StErie, PA 16502
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Lighthouse Apartments
1 to 2 Bedroom Apartments

Lighthouse Apartments

1206 E Lake RdErie, PA 16507
  • Utilities Included

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 51 Mindi Ct
$1,000
3 Bedroom, 2 Bath Home for Rent
Available Now
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51 Mindi Ct

EriePA16510
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property at 23 Mindi Ct
$1,050
3 Bedroom, 2 Bath Home for Rent
Available Now
Eco-Friendly

23 Mindi Ct

EriePA16510
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Lincoln Woods
1 to 2 Bedroom Apartments

Lincoln Woods

914 Lincoln AveWarren, PA 16365
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

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. University Gate has the second lowest priced unit, which is a 4 Beds apartment currently listed from $665. Here is today’s list of the most affordable Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park Place Student Housing3x13BR,1BA$549
University Gate4 Bed Upgraded4BR,2BA$665
Drake Village Apartments2 Bedroom2BR,1BA$680
Willow Commons Apartments1 Bedroom1BR,1BA$737
Park Row Apartments1 Bedroom, 1 Bathroom1BR,1BA$750
Wellman BuildingStudio, 1 bathStudio,1BA$750
The Bowie Apartments0BR/1.0BAStudio,1BA$750
BirchGrove of Salamanca1bd 1st floor1BR,1BA$850
Ellicott Oaks Apartments2 Beds, 1 bath2BR,1BA$850
The Meadows1 bedroom1BR,1BA$850

Best Value Apartments for Rent in Lakewood, NY and Nearby

As of September 05, 2026 the best value apartment in the Lakewood area is the $0.78 price per square foot The Nittany Model at Hudson Lofts in the starting from $1,070. The second greatest value Lakewood apartment is the 2 Bedroom Model at Brookwood Village starting at $1,360 with a $1.09 price per square foot in the South East Hills 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.
Hudson LoftsThe Nittany4BR,4BA$0.78
Brookwood Village2 Bedroom2BR,1.5BA$1.09
University Gate4 Bed Upgraded4BR,2BA$0.58
Arneman Place2 Bedroom2BR,1BA$0.98
Ellicott Oaks Apartments2 Beds, 1 bath2BR,1BA$0.91
Willow Commons Apartments1 Bedroom1BR,1BA$0.82
509 Dunn BlvdSpacious 2 Bed / 1.5 bath2BR,1BA$1.00
Wellman BuildingStudio, 1 bathStudio ,1BA$1.00
BirchGrove of Salamanca1bd 1st floor1BR,1BA$1.13
Park Row Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.15

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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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See the most popular apartments and homes in Lakewood, NY

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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 Wellman Building listed at $750.

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

The lowest price for a Cheap One Bedroom Lakewood Apartment is $737 at Willow Commons 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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.