Cheap Apartments for Rent in the Lake Avenue Neighborhood of Lakewood, OH from $500 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Avenue 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.

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South Westerly
Studio to 2 Bedroom Apartments

South Westerly

14401 Detroit AveLakewood, OH 44107
Senior Living
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Grace Apartments
1 Bedroom Apartments

Grace Apartments

1414 Grace AveLakewood, OH 44107
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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.

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Waterbury Apartments
1 to 2 Bedroom Apartments

Waterbury Apartments

1421-1425 Waterbury RdLakewood, OH 44107
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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

15115-15119 Lake AveLakewood, OH 44107
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Sheffield Apartments
1 to 2 Bedroom Apartments

Sheffield Apartments

15325 Lake AveLakewood, OH 44107
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Clifton Towers
1 Bedroom Apartments

Clifton Towers

12933 Clifton BlvdLakewood, OH 44107
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Parkway Arms Apartment
2 Bedroom Apartments

Parkway Arms Apartment

13509-13511 Detroit AveLakewood, OH 44107
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
Clifton CoveOne bedroom1BR,1BA$800
Elbur Avenue1 Bedroom 1 Bath1BR,1BA$850
Clarence House1 Bed1BR,1BA$850
Parkside2 Bed/1 Bath2BR,1BA$950
Marine Towers West0E1 - Efficiency, 1 BathStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Parkside2 Bed/1 Bath2BR,1BA$1.12
Center NorthUnit B1BR,1BA$1.52
The Lewis1 Bedroom, 1 Bath1BR,1BA$1.80
Clifton CoveOne bedroom1BR,1BA$1.30
Marine Towers West0E1 - Efficiency, 1 BathStudio ,1BA$2.05
Clarence House1 Bed1BR,1BA$1.65
Elbur Avenue1 Bedroom 1 Bath1BR,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.

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Pet Friendly Lifestyle
Lake Avenue, Lakewood, OH

Ranked #11

Among neighborhoods in Lakewood, OH for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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.

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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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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.

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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.