
Cheap Apartments for Rent in the Downtown Lakewood Neighborhood of Lakewood, OH from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lakewood area of Lakewood.


Elbur Avenue

Clarence House

13416 Harlon Ave

Parkway Arms Apartment

Clifton Towers
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South Westerly

2275 Warren Rd

Bellecliff & Lakewood Area

1419 Roycroft Ave

Clarence Plaza Apartments

Grace Apartments
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Waterbury Apartments

15121 Clifton Blvd

Wingate Apartments

Sheffield Apartments

Delta Lakewood

Lakewood Premier Apartments
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Parkside
Downtown Lakewood, Lakewood, OH Local Guide

How much does it cost to rent an apartment in Downtown Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lakewood 1 Bedroom Apartments | $1,118 | $725 | $2,000 |
| Downtown Lakewood 2 Bedroom Apartments | $1,353 | $950 | $1,950 |
| Downtown Lakewood 3 Bedroom Apartments | $1,775 | $1,700 | $1,850 |
| Downtown Lakewood 4 Bedroom Apartments | $2,500 | $2,500 | $2,500 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 1 mile radius of the Downtown Lakewood Neighborhood of Lakewood, OH.
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Downtown Lakewood, Lakewood, OH Local Guide
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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 Elbur Avenue priced from $850. Clarence House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Downtown Lakewood apartments for rent in Cleveland, OH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elbur Avenue | 1 Bedroom 1 Bath | 1BR,1BA | $850 |
| Clarence House | 1 Bed | 1BR,1BA | $850 |
| Lakewood Premier Apartments | 13386 Madison #6 | 1BR,1BA | $915 |
| Parkside | 1 Bed/1 Bath | 1BR,1BA | $925 |
| Clifton Towers | 1 Bedroom 1 Bath | 1BR,1BA | $975 |
Best Value Apartments for Rent in Downtown Lakewood, OH
As of February 20, 2026 the best value apartment in the Downtown Lakewood area is the $0.98 price per square foot 1565 Woodward Ave Model at 1565 Woodward Ave, Unit UP in the in the Downtown Lakewood neighborhood starting from $1,375. The second greatest value Downtown Lakewood apartment is the 2085 Chesterland Ave Model at 2085 Chesterland Ave starting at $1,850 with a $1.42 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1565 Woodward Ave, Unit UP | 1565 Woodward Ave | 2BR,1BA | $0.98 |
| 2085 Chesterland Ave | 2085 Chesterland Ave | 3BR,1BA | $1.42 |
| 2075 Lewis Dr, Unit 2075 Lewis | 2075 Lewis Dr | 3BR,1BA | $1.42 |
| 1673 Victoria Ave, Unit 2 | 1673 Victoria Ave | 2BR,1BA | $1.27 |
| 2102 Chesterland Ave, Unit 2 | 2102 Chesterland Ave | 2BR,1BA | $1.18 |
| Lakewood Premier Apartments | 2015 Lakeland # 6 | 2BR,1BA | $1.24 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1.32 |
| Thirteen 20 Seven Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.57 |
| 13322 Madison Ave | 1 Bed 1 Bath | 1BR,1BA | $1.57 |
| Parkside | 1 Bed/1 Bath | 1BR,1BA | $1.42 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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.
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 $850 at Elbur Avenue.
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 $950 at Clarence House.
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

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.

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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 .

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.
Articles, How-To's, and Tips

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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.

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.