Cheap Apartments for Rent near Lockwood, CA from $495 (34 Rentals)

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

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.

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Cypress Creek
$2,060 - $3,302

Total Monthly Price

Base Rent$2,060 - $3,302

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Cypress Creek

162-162 Casentini StSalinas, CA 93907
Furnished
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  • 3D Tour

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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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Casa Nueva
Studio to 2 Bedroom Apartments

Casa Nueva

241 E Glenn AveCoalinga, CA 93210
  • Utilities Included

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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River Walk Terrace
1 to 2 Bedroom Apartments

River Walk Terrace

120 Niblick RdPaso Robles, CA 93446
Senior Living
  • Utilities Included
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923 Walnut
1 Bedroom Apartments

923 Walnut

923 Walnut AveGreenfield, CA 93927
Corporate Housing
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University Chorro Commons
1 to 2 Bedroom Apartments

University Chorro Commons

263 N ChorroSan Luis Obispo, CA 93405
Student Housing
  • Utilities Included
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Roundhouse Place
Studio to 3 Bedroom Apartments

Roundhouse Place

2220-2224 Emily StSan Luis Obispo, CA 93401

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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.

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Harvest Lofts
Studio to 1 Bedroom Apartments

Harvest Lofts

845 Madonna RdSan Luis Obispo, CA 93405
  • Utilities Included
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Las Lomas Village
1 to 3 Bedroom Apartments

Las Lomas Village

9245 Ciruela WayAtascadero, CA 93422
  • Utilities Included

Lockwood, CA Local Guide

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 ListingModel NameBed/BathPriced From
Palmer Villas Apartments1 Bed 1 Bath1BR, 1BA$495
Villa Paseo PalmsOne Bedroom1BR, 1BA$1,556
Laguna Terrace ApartmentsTwo/One2BR, 1BA$1,950
Pointe at WestlakeMallory StudioStudio, 1BA$1,975
Alturas Paso Robles Apartment Homes1/1A1BR, 1BA$1,995
Irish Hills Hamlet Apartments1BR/1.0BA1BR, 1BA$2,050
Cypress Creek1x11BR, 1BA$2,060
Paso de Oak1 Bedroom1BR, 1BA$2,100
Dry Creek Apartments2x12BR, 1BA$2,125
2710 Spyglass DrC1BR, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Blue OakThe Malbec3BR, 3BA$2.40
Palomar at SLO4BR/2BA - Foothill4BR, 2BA$1.47
Chorro at SLO4BR/2BA - Morro4BR, 2BA$1.58
Emerald Ridge Apartments2BR/1.0BA2BR, 1BA$2.68
Mustang I Townhome2x2 TH Upgraded2BR, 2BA$1.26
Laguna Terrace ApartmentsTwo/One2BR, 1BA$2.27
Irish Hills Hamlet Apartments2BR/1.0BA2BR, 1BA$2.82
Palmer Villas Apartments1 Bed 1 Bath1BR, 1BA$0.58
Dry Creek Apartments2x12BR, 1BA$2.50
Villa Paseo PalmsOne Bedroom1BR, 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.

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Navigating 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.

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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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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

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Rent According to Income: A Look at Income-Restricted Rentals

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

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Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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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.