
Cheap Apartments for Rent near Lockwood, CA from $495 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in Lockwood.


Artisan Apartments

California Grand Manor Senior Apartments

Coaling Station B

Villa Paseo Palms

Wineman

Peach Street

Pointe at Westlake
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Laguna Terrace Apartments

Total Monthly Price
Alturas Paso Robles Apartment Homes

Irish Hills Hamlet Apartments

240 Spring Street

Total Monthly Price
Cypress Creek

Bordeaux House Apartments

Paso de Oak

1492 14th St
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.

Casa Nueva

760 E Elm Ave

The Elm Tree Estates

720 E Elm Ave

1281 Elizabeth St

1470 Elizabeth St

1342 Hannah Ave

501 E Kinney St
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.

Walnut Place & Walnut Terrace

River Walk Terrace

923 Walnut

665 S Coalinga St

5525 Capistrano Ave

1615 Westfield Rd

University Chorro Commons

Roundhouse Place
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.

Harvest Lofts

Las Lomas Village
Lockwood, CA Local Guide

How much does it cost to rent an apartment in Lockwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lockwood Studio Apartments | $2,246 | $989 | $2,855 |
| Lockwood 1 Bedroom Apartments | $2,506 | $495 | $3,720 |
| Lockwood 2 Bedroom Apartments | $2,457 | $634 | $3,450 |
| Lockwood 3 Bedroom Apartments | $3,214 | $685 | $3,850 |
| Lockwood 4 Bedroom Apartments | $1,652 | $1,490 | $1,718 |
Browse Top Apartments in Lockwood
See all Apartments in LockwoodExplore Lockwood
Lockwood, CA Local Guide
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Cheapest Available Lockwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Lockwood, CA is a 1 Bed unit found at Palmer Villas Apartments priced from $495. Villa Paseo Palms in the Paso Robles neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,556. Here is today’s list of the most affordable Lockwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Palmer Villas Apartments | 1 Bed 1 Bath | 1BR, 1BA | $495 |
| Villa Paseo Palms | One Bedroom | 1BR, 1BA | $1,556 |
| Laguna Terrace Apartments | Two/One | 2BR, 1BA | $1,950 |
| Pointe at Westlake | Mallory Studio | Studio, 1BA | $1,975 |
| Alturas Paso Robles Apartment Homes | 1/1A | 1BR, 1BA | $1,995 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR, 1BA | $2,050 |
| Cypress Creek | 1x1 | 1BR, 1BA | $2,060 |
| Paso de Oak | 1 Bedroom | 1BR, 1BA | $2,100 |
| Dry Creek Apartments | 2x1 | 2BR, 1BA | $2,125 |
| 2710 Spyglass Dr | C | 1BR, 1BA | $2,200 |
Best Value Apartments for Rent in Lockwood, CA and Nearby
As of September 22, 2026 the best value apartment in the Lockwood area is the $2.40 price per square foot The Malbec Model at Blue Oak in the Paso Robles neighborhood starting from $3,480. The second greatest value Lockwood apartment is the 4BR/2BA - Foothill Model at Palomar at SLO in the San Luis Obispo neighborhood starting at $1,695 with a $1.47 price per square foot. Here is today’s list of the best values for Lockwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Blue Oak | The Malbec | 3BR, 3BA | $2.40 |
| Palomar at SLO | 4BR/2BA - Foothill | 4BR, 2BA | $1.47 |
| Chorro at SLO | 4BR/2BA - Morro | 4BR, 2BA | $1.58 |
| Emerald Ridge Apartments | 2BR/1.0BA | 2BR, 1BA | $2.68 |
| Mustang I Townhome | 2x2 TH Upgraded | 2BR, 2BA | $1.26 |
| Laguna Terrace Apartments | Two/One | 2BR, 1BA | $2.27 |
| Irish Hills Hamlet Apartments | 2BR/1.0BA | 2BR, 1BA | $2.82 |
| Palmer Villas Apartments | 1 Bed 1 Bath | 1BR, 1BA | $0.58 |
| Dry Creek Apartments | 2x1 | 2BR, 1BA | $2.50 |
| Villa Paseo Palms | One Bedroom | 1BR, 1BA | $2.69 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lockwood, CA Rentals by Map
See the most popular apartments and homes in Lockwood, CA
Frequently Asked Questions about Cheap Lockwood Apartments
What is the Cheapest Studio apartment in Lockwood?
Currently the most affordable Cheap Studio Apartment in Lockwood is at Pointe at Westlake listed at $1,975.
How much is rent for a Cheap One Bedroom Lockwood Apartment?
The lowest price for a Cheap One Bedroom Lockwood Apartment is $495 at Palmer Villas Apartments.
What is the lowest price for a Cheap Two Bedroom Lockwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lockwood is starting from $1,681 at Villa Paseo Palms.
What is the most affordable Lockwood Three Bedroom Apartment?
The best deal on a cheap Lockwood Three Bedroom Apartment rental is at Irish Hills Hamlet Apartments and starts from $2,900.
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.