Cheap Apartments for Rent in the Downtown Lakewood Neighborhood of Lakewood, OH from $581 (44 Rentals)

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

Cleveland's Best Affordable Neighborhoods

Learn about Cleveland and the best places to live with original content written by our Cleveland, OH Local Expert Sandy Baker

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property at 1227 Cranford Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Now

1227 Cranford Ave

LakewoodOH44107
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South Westerly
Studio to 2 Bedroom Apartments

South Westerly

14401 Detroit AveLakewood, OH 44107
Senior Living
  • Utilities Included

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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1419 Roycroft Ave
1 Bedroom Apartments

1419 Roycroft Ave

1419 Roycroft AveLakewood, OH 44107
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Clarence House
Studio to 2 Bedroom Apartments

Clarence House

1380-1384 Clarence AveLakewood, OH 44107
  • Utilities Included
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15121 Clifton Blvd
1 to 2 Bedroom Apartments

15121 Clifton Blvd

15121 Clifton BlvdLakewood, OH 44107
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Wingate Apartments
1 to 2 Bedroom Apartments

Wingate Apartments

15115 Lake AveLakewood, OH 44107
  • Utilities Included
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Sheffield Apartments
1 to 2 Bedroom Apartments

Sheffield Apartments

15325 Lake AveLakewood, OH 44107
  • Utilities Included
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Grace Apartments
1 Bedroom Apartments

Grace Apartments

1414 Grace AveLakewood, OH 44107
  • 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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Clifford Apartments
1 to 2 Bedroom Apartments

Clifford Apartments

15324 Clifton BlvdLakewood, OH 44107
  • Utilities Included
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13322 Madison Ave
1 Bedroom Apartments

13322 Madison Ave

13322 Madison AveLakewood, OH 44107
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2275 Warren Rd
Studio to 2 Bedroom Apartments

2275 Warren Rd

2275 Warren RdLakewood, OH 44107
  • Utilities Included
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McKinley Manor
1 Bedroom Apartments

McKinley Manor

2019 McKinley AveLakewood, OH 44107
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Delta Lakewood
1 to 2 Bedroom Apartments

Delta Lakewood

14555 Madison AveLakewood, OH 44107
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17105 Madison
2 Bedroom Apartments

17105 Madison

17105 Madison AveLakewood, OH 44107

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 12900 Lake Ave

$1,400 - $2,500

1 To 2 Bedroom Rentals

Available Now

12900 Lake Ave

LakewoodOH44107
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Parkside
1 to 2 Bedroom Apartments

Parkside

15115 Lake AveCleveland, OH 44107
  • Utilities Included
Showing Results 1-44, Page 1 of 1

Downtown Lakewood, Lakewood, OH Local Guide

Cheapest Available Downtown Lakewood Apartments for Rent

 

The cheapest available apartment rental in the Downtown Lakewood area of Cleveland, OH is a 1 Bed unit found at Grace Apartments priced from $950. Parkway Arms Apartment has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Downtown Lakewood apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
Grace Apartments1 Bedroom1BR,1BA$950
Parkway Arms Apartment1 Bed / 1 Bath1BR,1BA$950
Elbur Avenue2 Bedroom 1 Bath2BR,1BA$995
Lakewood Premier Apartments15107-21BR,1BA$1,035
McKinley Manor1BR/1.0BA1BR,1BA$1,129
17105 MadisonMadison 2 Bed2BR,1BA$1,295
The Lewis2 Bedroom, 1 Bath2BR,1BA$1,400
Arbor Apartments2 Bedroom2BR,1BA$1,500

Best Value Apartments for Rent in Downtown Lakewood, OH

As of August 23, 2026 the best value apartment in the Downtown Lakewood area is the $1.27 price per square foot 2143 Eldred Ave Model at 2143 Eldred Ave, Unit 1 in the in the Downtown Lakewood neighborhood starting from $1,900. The second greatest value Downtown Lakewood apartment is the 15909 Clifton Blvd Model at 15909 Clifton Blvd, Unit #2 starting at $1,800 with a $1.20 price per square foot in the Downtown Lakewood neighborhood. Here is today’s list of the best values for Downtown Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2143 Eldred Ave, Unit 12143 Eldred Ave3BR,1.5BA$1.27
15909 Clifton Blvd, Unit #215909 Clifton Blvd3BR,1BA$1.20
2035 Richland Ave, Unit 20352035 Richland Ave3BR,1BA$1.07
2211 Eldred Ave, Unit Eldred Upper2211 Eldred Ave2BR,1BA$1.14
1505 Wagar Ave, Unit Lower1505 Wagar Ave2BR,1BA$1.31
14122 Detroit Ave, Unit Sherlou #314122 Detroit Ave2BR,1BA$0.91
Arbor Apartments2 Bedroom2BR,1BA$1.36
Lakewood Premier Apartments15107-21BR,1BA$1.15
2015 Arthur Ave, Unit 2015#112015 Arthur Ave1BR,1BA$1.06
Parkway Arms Apartment1 Bed / 1 Bath1BR,1BA$1.36

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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Best Local Schools in
Downtown Lakewood, Lakewood, OH

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown Lakewood Apartments

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

The lowest price for a Cheap One Bedroom Downtown Lakewood Apartment is $950 at Grace Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Lakewood is starting from $995 at Elbur Avenue.

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.

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