Cheap Apartments for Rent in the Downtown Lakewood Neighborhood of Lakewood, OH from $500 (49 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
South Westerly
Studio to 2 Bedroom Apartments

South Westerly

14401 Detroit AveLakewood, OH 44107
Senior Living
  • Utilities Included
close
View Me
1419 Roycroft Ave
1 Bedroom Apartments

1419 Roycroft Ave

1419 Roycroft AveLakewood, OH 44107
close
View Me
Grace Apartments
1 Bedroom Apartments

Grace Apartments

1414 Grace AveLakewood, OH 44107
  • Utilities Included
close
View Me
15121 Clifton Blvd
1 to 2 Bedroom Apartments

15121 Clifton Blvd

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

Wingate Apartments

15115 Lake AveLakewood, OH 44107
  • 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.

Read Article
close
View Me
Roycroft Pointe
1 Bedroom Apartments

Roycroft Pointe

1411 Roycroft AveLakewood, OH 44107
close
View Me
Sheffield Apartments
1 to 2 Bedroom Apartments

Sheffield Apartments

15325 Lake AveLakewood, OH 44107
  • Utilities Included
close
View Me
Delta Lakewood
1 to 2 Bedroom Apartments

Delta Lakewood

14555 Madison AveLakewood, OH 44107
  • Utilities Included
close
View Me
Clifford Apartments
1 to 2 Bedroom Apartments

Clifford Apartments

15324 Clifton BlvdLakewood, OH 44107
  • Utilities Included
close
View Me
2275 Warren Rd
Studio to 2 Bedroom Apartments

2275 Warren Rd

2275 Warren RdLakewood, OH 44107
  • Utilities Included
property at 1303 Lakeland Ave

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

3 Bedroom, 2 Bath Home for Rent

Available Now

1303 Lakeland Ave

LakewoodOH44107

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.

Read Article
property at 14650 Detroit Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

14650 Detroit Ave, Unit 705, Unit 705

14650 Detroit Ave
LakewoodOH44107
close
View Me
Parkside
1 to 2 Bedroom Apartments

Parkside

15115 Lake AveCleveland, OH 44107
  • Utilities Included
Showing Results 1-49, 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 Clarence House priced from $850. Lakewood Premier Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here are the most affordable Downtown Lakewood apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
Clarence House1 Bed1BR,1BA$850
Lakewood Premier Apartments13386 Madison #6 and#51BR,1BA$855
Clifton Towers1 Bedroom 1 Bath1BR,1BA$915
Waterbury ApartmentsOne Bedroom1BR,1BA$950
Parkway Arms Apartment2 bed / 1 bath2BR,1BA$1,025
Center NorthUnit G1BR,1BA$1,050
2275 Warren Rd2 Bed/1 Bath2BR,1BA$1,050
13322 Madison Ave1 Bed 1 Bath1BR,1BA$1,050

Best Value Apartments for Rent in Downtown Lakewood, OH

As of May 24, 2026 the best value apartment in the Downtown Lakewood area is the $1.29 price per square foot 2085 Chesterland Ave Model at 2085 Chesterland Ave in the in the Downtown Lakewood neighborhood starting from $1,675. The second greatest value Downtown Lakewood apartment is the 2 Bedroom Model at Arbor Apartments starting at $1,500 with a $1.36 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.
2085 Chesterland Ave2085 Chesterland Ave3BR,1BA$1.29
Arbor Apartments2 Bedroom2BR,1BA$1.36
1646 Waterbury Rd, Unit 1646 Waterbury Rd1646 Waterbury Rd2BR,1BA$1.40
2041 Elbur Ave, Unit 2041 Elbur First Floor2041 Elbur Ave2BR,1BA$1.38
2015 Arthur Ave, Unit 2015#112015 Arthur Ave1BR,1BA$1.00
Lakewood Premier Apartments13386 Madison #6 and#51BR,1BA$1.07
2275 Warren Rd2 Bed/1 Bath2BR,1BA$1.31
Parkway Arms Apartment2 bed / 1 bath2BR,1BA$1.32
13322 Madison Ave1 Bed 1 Bath1BR,1BA$1.50
1247 Donald Ave, Unit 31247 Donald Ave1BR,1BA$1.46

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Best Local Schools in
Downtown Lakewood, Lakewood, OH

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown Lakewood Apartments

What is the price of a cheap apartment in Downtown Lakewood?

The cheapest apartment in Downtown Lakewood is Clarence House which is listed at $850, while the average apartment in Downtown Lakewood costs $4,792.

What types of apartments are the cheapest in Downtown Lakewood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Downtown Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

Helpful Local Expert Guides

decorative image for A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sandy Baker

Choosing the ideal place to call home in Cleveland may mean selecting a neighborhood that offers excellent access to the freeways or good overall schools for the kids.

decorative image for Experts Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland article

Experts Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland

Written by: Sandy Baker

Whether you're moving to Cleveland to be close to one of the research hubs several of the local universities are known for or you just want to be part of it all in "The Land" knowing where to rent apartments close to the biggest .

decorative image for Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland article

Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland

Written by: Sandy Baker

If you’re moving to start a new job, knowing where to live can be overwhelming. Factors like being close to work are important, but so are schools, quality of life, and easy access to transportation.

decorative image for Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture article

Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture

Written by: Sandy Baker

Cleveland is the type of city to fall in love with, even if it doesn’t look all that fabulous from the outside.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.