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


1609 Lakewood Ave

1285 Cranford Ave

1573 Westwood Ave
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.

Clarence House

Elbur Avenue

1365 Clarence Ave
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.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Lake Avenue, Lakewood, OH Local Guide

How much does it cost to rent an apartment in Lake Avenue?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Avenue Studio Apartments | $1,133 | $1,130 | $1,145 |
Lake Avenue 1 Bedroom Apartments | $1,194 | $700 | $2,000 |
Lake Avenue 2 Bedroom Apartments | $1,664 | $950 | $2,510 |
Lake Avenue 3 Bedroom Apartments | $1,900 | $1,900 | $1,900 |
Lake Avenue 4 Bedroom Apartments | $2,250 | $2,250 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 1 mile radius of the Lake Avenue Neighborhood of Lakewood, OH.
See all Apartments in LakewoodExplore Lakewood
Lake Avenue, Lakewood, OH Local Guide
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Cheapest Available Lake Avenue Apartments for Rent
 The cheapest available apartment rental in the Lake Avenue area of Cleveland, OH is a 1 Bed unit found at Clifton Cove priced from $800. Elbur Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Lake Avenue apartments for rent in Cleveland, OH:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Clifton Cove | One bedroom | 1BR,1BA | $800 |
Elbur Avenue | 1 Bedroom 1 Bath | 1BR,1BA | $850 |
Clarence House | 1 Bed | 1BR,1BA | $850 |
Parkside | 2 Bed/1 Bath | 2BR,1BA | $950 |
Marine Towers West | 0E1 - Efficiency, 1 Bath | Studio,1BA | $1,130 |
Best Value Apartments for Rent in Lake Avenue, OH
As of June 27, 2025 the best value apartment in the Lake Avenue area is the $1.12 price per square foot 2 Bed/1 Bath Model at Parkside in the in the Downtown Lakewood neighborhood starting from $950. The second greatest value Lake Avenue apartment is the Unit B Model at Center North starting at $1,250 with a $1.52 price per square foot in the Downtown Lakewood neighborhood. Here is today’s list of the best values for Lake Avenue apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Parkside | 2 Bed/1 Bath | 2BR,1BA | $1.12 |
Center North | Unit B | 1BR,1BA | $1.52 |
The Lewis | 1 Bedroom, 1 Bath | 1BR,1BA | $1.80 |
Clifton Cove | One bedroom | 1BR,1BA | $1.30 |
Marine Towers West | 0E1 - Efficiency, 1 Bath | Studio ,1BA | $2.05 |
Clarence House | 1 Bed | 1BR,1BA | $1.65 |
Elbur Avenue | 1 Bedroom 1 Bath | 1BR,1BA | $1.70 |
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.
Pet Friendly LifestyleLake Avenue, Lakewood, OH
Ranked #11
Among neighborhoods in Lakewood, OH for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Lake Avenue, Lakewood, OH
School data provided by Great Schools
Lifestyle Ratings
Our team compares millions of points of data to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Lake Avenue, Lakewood, and the greater Cleveland area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Lake Avenue Apartments
What is the Cheapest Studio apartment in Lake Avenue?
Currently the most affordable Cheap Studio Apartment in Lake Avenue is at Marine Towers West listed at $1,130.
How much is rent for a Cheap One Bedroom Lake Avenue Apartment?
The lowest price for a Cheap One Bedroom Lake Avenue Apartment is $800 at Clifton Cove.
What is the lowest price for a Cheap Two Bedroom Lake Avenue Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake Avenue is starting from $950 at Parkside.
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.

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.

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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.