Cheap Apartments for Rent in the Downtown Lakewood Neighborhood of Lakewood, OH from $500 (36 Rentals)

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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.

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property at 2074 Clarence Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Now

2074 Clarence Ave

LakewoodOH44107

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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South Westerly
Studio to 2 Bedroom Apartments

South Westerly

14401 Detroit AveLakewood, OH 44107
Senior Living
  • Utilities Included
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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

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.

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Delta Lakewood
1 to 2 Bedroom Apartments

Delta Lakewood

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

Clifford Apartments

15324 Clifton BlvdLakewood, OH 44107
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2275 Warren Rd
Studio to 2 Bedroom Apartments

2275 Warren Rd

2275 Warren RdLakewood, OH 44107
  • Utilities Included
property at 1235 Donald 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

1235 Donald Ave, Unit Upper North

1235 Donald Ave
LakewoodOH44107
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Parkside
1 to 2 Bedroom Apartments

Parkside

15115 Lake AveCleveland, 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.

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Showing Results 1-36, 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 Lakewood Premier Apartments priced from $855. Waterbury Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $915. Here are the most affordable Downtown Lakewood apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
Lakewood Premier Apartments13386 Madison #6 and#51BR,1BA$855
Waterbury ApartmentsOne Bedroom1BR,1BA$915
Clifton Towers1 Bedroom 1 Bath1BR,1BA$915
Parkway Arms Apartment2 bed / 1 bath2BR,1BA$1,025
13322 Madison Ave1 Bed 1 Bath1BR,1BA$1,050
13367 Madison AveThe heart of Lakewood2BR,1BA$1,175
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 July 08, 2026 the best value apartment in the Downtown Lakewood area is the $1.18 price per square foot 14821 Clifton Blvd Model at 14821 Clifton Blvd, Unit 2 in the in the Downtown Lakewood neighborhood starting from $1,300. 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.
14821 Clifton Blvd, Unit 214821 Clifton Blvd2BR,1BA$1.18
Arbor Apartments2 Bedroom2BR,1BA$1.36
2099 Waterbury Rd, Unit Waterbury Road2099 Waterbury Rd2BR,1BA$1.48
13367 Madison AveThe heart of Lakewood2BR,1BA$1.18
The Lewis2 Bedroom, 1 Bath2BR,1BA$1.65
Lakewood Premier Apartments13386 Madison #6 and#51BR,1BA$1.07
Parkway Arms Apartment2 bed / 1 bath2BR,1BA$1.32
13322 Madison Ave1 Bed 1 Bath1BR,1BA$1.50
Clifton Towers1 Bedroom 1 Bath1BR,1BA$1.53
Waterbury ApartmentsOne Bedroom1BR,1BA$1.53

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 $855 at Lakewood Premier 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 $1,025 at Parkway Arms Apartment.

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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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 .

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

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.