
Cheap Homes for Rent in the Downtown Lakewood Neighborhood of Lakewood, OH from $1,200 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lakewood area of Lakewood.


13375 Madison Ave

14567 Madison Ave, Unit Waverly House Condominium

1538 Lauderdale Ave, Unit 2

1227 Cranford Ave
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

2080 Bunts Rd, Unit Up

12900 Lake Ave

1628 Grace Ave

1591 Warren Rd, Unit Lower

14704 Delaware Ave
Rent According to Income: A Look at Income-Restricted Rentals
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Downtown Lakewood, Lakewood, OH Local Guide

How much does it cost to rent a home in Downtown Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lakewood 2 Bedroom Homes for Rent | $1,420 | $1,250 | $1,800 |
| Downtown Lakewood 3 Bedroom Homes for Rent | $2,460 | $1,700 | $4,000 |
| Downtown Lakewood 4 Bedroom Homes for Rent | $2,695 | $2,695 | $2,695 |
| Downtown Lakewood 5 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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 Lakewood Premier Apartments priced from $855. Elbur Avenue has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable Downtown Lakewood apartments for rent in Cleveland, OH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakewood Premier Apartments | 13386 Madison #6 and#5 | 1BR,1BA | $855 |
| Elbur Avenue | 2 Bedroom 1 Bath | 2BR,1BA | $995 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1,025 |
Best Value Apartments for Rent in Downtown Lakewood, OH
As of August 18, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2143 Eldred Ave, Unit 1 | 2143 Eldred Ave | 3BR,1.5BA | $1.27 |
| 15909 Clifton Blvd, Unit #2 | 15909 Clifton Blvd | 3BR,1BA | $1.20 |
| 2211 Eldred Ave, Unit Eldred Upper | 2211 Eldred Ave | 2BR,1BA | $1.14 |
| 1505 Wagar Ave, Unit Lower | 1505 Wagar Ave | 2BR,1BA | $1.31 |
| 14122 Detroit Ave, Unit Sherlou #3 | 14122 Detroit Ave | 2BR,1BA | $0.91 |
| Arbor Apartments | 2 Bedroom | 2BR,1BA | $1.36 |
| Lakewood Premier Apartments | 15107-2 | 1BR,1BA | $1.15 |
| 17105 Madison | Madison 2 Bed | 2BR,1BA | $1.52 |
| 2015 Arthur Ave, Unit 2015#11 | 2015 Arthur Ave | 1BR,1BA | $1.06 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1.32 |
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 ArticleReal 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 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 Downtown Lakewood
What type of rentals are currently available in Downtown Lakewood?
There are currently 135 Apartments for Rent in Downtown Lakewood, OH with pricing that ranges from $850 to $5,355. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lakewood ranging from $1,250 to $4,000.
What is the current price range for Rental Homes in Downtown Lakewood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lakewood ranges from $1,250 to $4,000 with an average monthly rent of $2,069.
How much are larger Three and Four Bedroom Rentals in Downtown Lakewood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Lakewood range from $1,200 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,695 and Four Bedroom Apartments start at $1,800.
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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