Cheap Homes for Rent in Downtown Lakewood Neighborhood of Lakewood, OH from $1,400 (6 Rentals)

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

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.

property at 12900 Lake Ave

12900 Lake 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.

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 Studio unit found at 2275 Warren Rd priced from $750. Elbur Avenue 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 ListingModel NameBed/BathPriced From
2275 Warren RdStudioStudio,1BA$750
Elbur Avenue1 Bedroom 1 Bath1BR,1BA$850
Clarence House1 Bed1BR,1BA$850

Best Value Apartments for Rent in Downtown Lakewood, OH

As of July 30, 2025 the best value apartment in the Downtown Lakewood area is the $1.36 price per square foot 2 Bed, 1 Bath Model at 12962 Clifton Blvd in the in the Downtown Lakewood neighborhood starting from $1,500. The second greatest value Downtown Lakewood apartment is the 17405 Woodford Ave Model at 17405 Woodford Ave, Unit 1 starting at $1,250 with a $1.25 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.
12962 Clifton Blvd2 Bed, 1 Bath2BR,1BA$1.36
17405 Woodford Ave, Unit 117405 Woodford Ave2BR,1BA$1.25
1651 Victoria Ave, Unit 11651 Victoria Ave1BR,1BA$1.30
Lakewood Premier Apartments13386 Madison1BR,1BA$1.27
The Lewis1 Bedroom, 1 Bath1BR,1BA$1.80
2275 Warren Rd1 Bed/1 Bath1BR,1BA$1.53
1691 Robinwood Ave, Unit 1071691 Robinwood Ave1BR,1BA$1.25
Clarence House1 Bed1BR,1BA$1.65
Elbur Avenue1 Bedroom 1 Bath1BR,1BA$1.70
1286 Marlowe Ave, Unit 31286 Marlowe Ave1BR,1BA$2.20

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Frequently Asked Questions about Downtown Lakewood

What type of rentals are currently available in Downtown Lakewood?

There are currently 127 Apartments for Rent in Downtown Lakewood, OH with pricing that ranges from $750 to $4,530. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lakewood ranging from $1,400 to $2,000.

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 $1,400 to $2,000 with an average monthly rent of $1,766.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.