
Cheap Apartments for Rent in the Lakewood Park Neighborhood of Lakewood, OH from $500 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood Park area of Lakewood.


Elbur Avenue

Clifton Towers

Waterbury Apartments

Parkway Arms Apartment

Center North

1389-1393 Geil Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

The Lewis

1271 Jackson Ave

Total Monthly Price
14821 Clifton Blvd, Unit 2

12700 Lake Ave, Unit 23rd

Arbor Apartments

12700 Lake Ave

1298 Nicholson Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

fs1363 Cranford Ave

South Westerly

Bellecliff & Lakewood Area

Clarence Plaza Apartments

Clarence House

15121 Clifton Blvd

Wingate Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Grace Apartments

Sheffield Apartments

Clifford Apartments

14724 Clifton Blvd

1235 Donald Ave, Unit Upper North

1235 Donald Ave

12900 Lake 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.

Parkside
Lakewood Park, Lakewood, OH Local Guide

How much does it cost to rent an apartment in Lakewood Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Park 1 Bedroom Apartments | $1,251 | $850 | $2,225 |
| Lakewood Park 2 Bedroom Apartments | $1,372 | $975 | $2,400 |
| Lakewood Park 3 Bedroom Apartments | $1,897 | $1,795 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 1 mile radius of the Lakewood Park Neighborhood of Lakewood, OH.
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Lakewood Park, Lakewood, OH Local Guide
- Nearby Lakewood neighborhoods
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Cheapest Available Lakewood Park Apartments for Rent
 The cheapest available apartment rental in the Lakewood Park area of Cleveland, OH is a 1 Bed unit found at Waterbury Apartments priced from $915. Clifton Towers has the second lowest priced unit, which is a 1 Bed apartment currently listed from $915. Here are the most affordable Lakewood Park apartments for rent in Cleveland, OH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterbury Apartments | One Bedroom | 1BR,1BA | $915 |
| Clifton Towers | 1 Bedroom 1 Bath | 1BR,1BA | $915 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1,025 |
| The Lewis | 2 Bedroom, 1 Bath | 2BR,1BA | $1,400 |
| Arbor Apartments | 2 Bedroom | 2BR,1BA | $1,500 |
Best Value Apartments for Rent in Lakewood Park, OH
As of July 08, 2026 the best value apartment in the Lakewood Park area is the $1.18 price per square foot 14821 Clifton Blvd Model at 14821 Clifton Blvd, Unit 2 in the in the Downtown Lakewood neighborhood starting from $1,300. The second greatest value Lakewood Park apartment is the 2 Bedroom Model at Arbor Apartments starting at $1,500 with a $1.36 price per square foot in the Downtown Lakewood neighborhood. Here is today’s list of the best values for Lakewood Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 14821 Clifton Blvd, Unit 2 | 14821 Clifton Blvd | 2BR,1BA | $1.18 |
| Arbor Apartments | 2 Bedroom | 2BR,1BA | $1.36 |
| The Lewis | 2 Bedroom, 1 Bath | 2BR,1BA | $1.65 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1.32 |
| Clifton Towers | 1 Bedroom 1 Bath | 1BR,1BA | $1.53 |
| Waterbury Apartments | One Bedroom | 1BR,1BA | $1.53 |
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.
Pet Friendly LifestyleLakewood Park, Lakewood, OH
Ranked #7
Among cities in Ohio for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Lakewood Park, Lakewood, OH
School data provided by Great Schools
Frequently Asked Questions about Cheap Lakewood Park Apartments
How much is rent for a Cheap One Bedroom Lakewood Park Apartment?
The lowest price for a Cheap One Bedroom Lakewood Park Apartment is $915 at Waterbury Apartments.
What is the lowest price for a Cheap Two Bedroom Lakewood Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lakewood Park is starting from $1,025 at Parkway Arms Apartment.
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.
Helpful Local Expert Guides

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.

Experts Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland
Written by: Sandy Baker
Whether you're moving to Cleveland to be close to one of the research hubs several of the local universities are known for or you just want to be part of it all in "The Land" knowing where to rent apartments close to the biggest .

Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland
Written by: Sandy Baker
If you’re moving to start a new job, knowing where to live can be overwhelming. Factors like being close to work are important, but so are schools, quality of life, and easy access to transportation.

Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture
Written by: Sandy Baker
Cleveland is the type of city to fall in love with, even if it doesn’t look all that fabulous from the outside.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.