
Cheap Homes for Rent in Lakewood, NY from $600 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Lakewood.


810 E 21st St

1831 W Grandview Blvd

1404 E Lake Rd

519-521 E 6th St

12286 Hanover Rd, Unit TRLR#3, Unit TRLR#3
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.

626 E 23rd St

426 Huron St

407 E 13th St

26-28 Orchard St

44 E Main St

3704 E Lake Rd
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.

614 E 22nd St
Lakewood, NY Local Guide

How much does it cost to rent a home in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood 2 Bedroom Homes for Rent | $1,215 | $750 | $2,200 |
| Lakewood 3 Bedroom Homes for Rent | $1,475 | $800 | $3,250 |
| Lakewood 4 Bedroom Homes for Rent | $2,025 | $1,150 | $4,000 |
| Lakewood 5 Bedroom Homes for Rent | $650 | $650 | $650 |
Browse Top Homes for Rent in Lakewood
Explore Lakewood
Lakewood, NY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park Place Student Housing | 3x1 | 3BR,1BA | $549 |
| Drake Village Apartments | 2 Bedroom | 2BR,1BA | $680 |
| The Bowie Apartments | 0BR/1.0BA | Studio,1BA | $695 |
| Fairmount Hills Apartments | 1 Bed/1 Bathroom | 1BR,1BA | $700 |
| Willow Commons Apartments | One Bedroom | 1BR,1BA | $704 |
Best Value Apartments for Rent in Lakewood, NY and Nearby
As of April 24, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hudson Lofts | The Nittany | 4BR,4BA | $0.77 |
| Granite Ridge Apartments | Three Bedroom Townhome - B | 3BR,1.5BA | $1.08 |
| Arneman Place | 3 Bedroom Apartment | 3BR,1.5BA | $0.72 |
| Ellicott Oaks Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.91 |
| Willow Commons Apartments | One Bedroom | 1BR,1BA | $0.78 |
| 509 Dunn Blvd | Spacious 2 Bed / 1.5 bath | 2BR,1BA | $1.00 |
| Wellman Building | Studio, 1 bath | Studio ,1BA | $1.00 |
| 3535 State St | 1 bed / 1 bath | 2BR,1BA | $1.01 |
| Park Row Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.15 |
| Fairmount Hills Apartments | 1 Bed/1 Bathroom | 1BR,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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lakewood, NY Rentals by Map
See the most popular apartments and homes in Lakewood, NY
Frequently Asked Questions about Lakewood
What type of rentals are currently available in Lakewood?
There are currently 60 Apartments for Rent in Lakewood, NY with pricing that ranges from $549 to $2,412. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $650 to $4,000.
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 $650 to $4,000 with an average monthly rent of $1,191.
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 $549 to $2,412, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,250. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $600.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.

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.

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.