Cheap Apartments for Rent in Lakewood, NY from $500 (21 Rentals)

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Fairhern Apartments
2 Bedroom Apartments

Fairhern Apartments

21-23 Hern AveLakewood, NY 14750
  • Utilities Included

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Showing Results 1-21, 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 4 Beds unit found at University Gate in the Walczak Park neighborhood priced from $620. 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
University Gate4 Bed Upgraded4BR,2BA$620
Drake Village Apartments2 Bedroom2BR,1BA$680
Wellman Building1 Bed, 1 bath1BR,1BA$700
Lighthouse Apartments1 bedroom1BR,1BA$750
The Meadows1 bedroom1BR,1BA$750

Best Value Apartments for Rent in Lakewood, NY and Nearby

As of August 28, 2025 the best value apartment in the Lakewood area is the $1.08 price per square foot Three Bedroom Townhome - B Model at Granite Ridge Apartments in the starting from $1,400. The second greatest value Lakewood apartment is the 3 Bedroom Apartment Model at Arneman Place starting at $1,131 with a $0.89 price per square foot in the East Suburban Erie 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.
Granite Ridge ApartmentsThree Bedroom Townhome - B3BR,1.5BA$1.08
Arneman Place3 Bedroom Apartment3BR,1.5BA$0.89
University Gate3 Bed upgraded3BR,2BA$0.62
Carriage Hill Erie2 Bedroom, 1 Bathroom2BR,1BA$1.27
Ellicott Oaks Apartments2 Beds, 1 bath2BR,1BA$0.91
The Meadows2 bedroom2BR,1BA$1.18
Lovell Place1B1B1BR,1BA$1.18
Park Row Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.13
Northview Heights ApartmentsOne Bedroom1BR,1BA$1.31
Lighthouse Apartments1 bedroom1BR,1BA$1.15

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

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Getting Around Lakewood, NY

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 the Cheapest Studio apartment in Lakewood?

Currently the most affordable Cheap Studio Apartment in Lakewood is at The Bowie Apartments listed at $800.

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

The lowest price for a Cheap One Bedroom Lakewood Apartment is $700 at Wellman Building.

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 $670 at University Gate.

What is the most affordable Lakewood Three Bedroom Apartment?

The best deal on a cheap Lakewood Three Bedroom Apartment rental is at University Gate and starts from $630.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.