Cheap Apartments for Rent in the Lakewood Park Neighborhood of Lakewood, OH from $500 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakewood Park 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
  • Utilities Included
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Grace Apartments
1 Bedroom Apartments

Grace Apartments

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

Waterbury Apartments

1421-1425 Waterbury RdLakewood, OH 44107
  • Utilities Included

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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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
  • Utilities Included
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Sheffield Apartments
1 to 2 Bedroom Apartments

Sheffield Apartments

15325 Lake AveLakewood, OH 44107
  • Utilities Included
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Clifton Towers
1 Bedroom Apartments

Clifton Towers

12933 Clifton BlvdLakewood, 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.

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Parkway Arms Apartment
2 Bedroom Apartments

Parkway Arms Apartment

13509-13511 Detroit AveLakewood, OH 44107
  • Utilities Included

Lakewood Park, Lakewood, OH Local Guide

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 Elbur Avenue priced from $850. Clarence House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Lakewood Park apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
Elbur Avenue1 Bedroom 1 Bath1BR,1BA$850
Clarence House1 Bed1BR,1BA$850
Parkside2 Bed/1 Bath2BR,1BA$950
The Lewis1 Bedroom, 1 Bath1BR,1BA$1,150
Center NorthUnit B1BR,1BA$1,250

Best Value Apartments for Rent in Lakewood Park, OH

As of June 26, 2025 the best value apartment in the Lakewood Park 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 Lakewood Park 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 Lakewood Park 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
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
Lakewood Park, Lakewood, OH

Ranked #13

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Lakewood Park Neighborhood in Lakewood, OH

Walk Score®

64 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

39 / 100

Some Transit

A few nearby public transportation options

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 $850 at Elbur Avenue.

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 $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.