Cheap Apartments for Rent in the Lake Avenue Neighborhood of Lakewood, OH from $581 (34 Rentals)

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

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

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property at 1227 Cranford Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Now

1227 Cranford Ave

LakewoodOH44107
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South Westerly
Studio to 2 Bedroom Apartments

South Westerly

14401 Detroit AveLakewood, OH 44107
Senior Living
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Clarence House
Studio to 2 Bedroom Apartments

Clarence House

1380-1384 Clarence AveLakewood, OH 44107
  • Utilities Included
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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 Lake AveLakewood, OH 44107
  • Utilities Included
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Grace Apartments
1 Bedroom Apartments

Grace Apartments

1414 Grace AveLakewood, OH 44107
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Sheffield Apartments
1 to 2 Bedroom Apartments

Sheffield Apartments

15325 Lake AveLakewood, OH 44107
  • Utilities Included
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Clifford Apartments
1 to 2 Bedroom Apartments

Clifford Apartments

15324 Clifton BlvdLakewood, OH 44107
  • Utilities Included
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Clifton Cove
1 Bedroom Apartments

Clifton Cove

12511 Clifton BlvdLakewood, OH 44107
property at 12900 Lake Ave

$1,400 - $2,500

1 To 2 Bedroom Rentals

Available Now

12900 Lake Ave

LakewoodOH44107

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 1591 Warren Rd

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

2 Bedroom, 1 Bath Home for Rent

Available Now

1591 Warren Rd, Unit Lower

1591 Warren Rd
LakewoodOH44107
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Parkside
1 to 2 Bedroom Apartments

Parkside

15115 Lake AveCleveland, OH 44107
  • Utilities Included
Showing Results 1-34, Page 1 of 1

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 Elbur Avenue priced from $895. Waterbury Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $915. Here are the most affordable Lake Avenue apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
Elbur Avenue1 Bedroom 1 Bath1BR,1BA$895
Waterbury ApartmentsOne Bedroom1BR,1BA$915
Grace Apartments1 Bedroom1BR,1BA$950
Parkway Arms Apartment1 Bed / 1 Bath1BR,1BA$950
Clifton Cove1BR/1.0BA1BR,1BA$1,050
Marine Towers West0E1 - Efficiency, 1 BathStudio,1BA$1,130
Shady Cove Apartments2 Bed / 1 Bath MR2BR,1BA$1,375
The Lewis2 Bedroom, 1 Bath2BR,1BA$1,400
Arbor Apartments2 Bedroom2BR,1BA$1,500

Best Value Apartments for Rent in Lake Avenue, OH

As of August 23, 2026 the best value apartment in the Lake Avenue area is the $1.13 price per square foot 15909 Clifton Blvd Model at 15909 Clifton Blvd, Unit #2 in the in the Downtown Lakewood neighborhood starting from $1,700. The second greatest value Lake Avenue apartment is the 1505 Wagar Ave Model at 1505 Wagar Ave, Unit Lower starting at $1,695 with a $1.31 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.
15909 Clifton Blvd, Unit #215909 Clifton Blvd3BR,1BA$1.13
1505 Wagar Ave, Unit Lower1505 Wagar Ave2BR,1BA$1.31
Arbor Apartments2 Bedroom2BR,1BA$1.36
14122 Detroit Ave, Unit Sherlou #314122 Detroit Ave2BR,1BA$0.91
Shady Cove Apartments2 Bed / 1 Bath HT2BR,1BA$1.56
The Lewis2 Bedroom, 1 Bath2BR,1BA$1.65
Parkway Arms Apartment1 Bed / 1 Bath1BR,1BA$1.36
Waterbury ApartmentsOne Bedroom1BR,1BA$1.41
Grace Apartments1 Bedroom1BR,1BA$1.47
Elbur Avenue1 Bedroom 1 Bath1BR,1BA$1.79

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.

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Real 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.

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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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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 a cheap apartment in Lake Avenue?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Avenue is under $1,500.

What is the price of a cheap apartment in Lake Avenue?

The cheapest apartment in Lake Avenue is Elbur Avenue which is listed at $895, while the average apartment in Lake Avenue costs $1,375.

What types of apartments are the cheapest in Lake Avenue?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Lake Avenue that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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