
Cheap Apartments for Rent in the Old Lakewood City Neighborhood of Long Beach, CA from $1,600 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Lakewood City area of Long Beach.


the HIVE @ Ackerfield (5565 Ackerfield)

The Hive @ Market
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Paloma

Clair Del and Clair Del Gardens

Lakewood Manor Apartment Homes
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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Old Lakewood City, Long Beach, CA Local Guide

How much does it cost to rent an apartment in Old Lakewood City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Lakewood City Studio Apartments | $1,881 | $1,625 | $2,240 |
| Old Lakewood City 1 Bedroom Apartments | $2,206 | $1,695 | $2,950 |
| Old Lakewood City 2 Bedroom Apartments | $2,740 | $2,275 | $3,200 |
| Old Lakewood City 3 Bedroom Apartments | $3,160 | $3,151 | $3,170 |
Browse Apartments in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Old Lakewood City Neighborhood of Long Beach, CA.
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Old Lakewood City, Long Beach, CA Local Guide
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Cheapest Available Old Lakewood City Apartments for Rent
 The cheapest available apartment rental in the Old Lakewood City area of Long Beach, CA is a 1 Bed unit found at the HIVE @ Ackerfield (5565 Ackerfield) priced from $1,695. Paloma has the second lowest priced unit, which is a Studio apartment currently listed from $1,795. Here are the most affordable Old Lakewood City apartments for rent in Long Beach, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| the HIVE @ Ackerfield (5565 Ackerfield) | Great Value in Long Beach — Move-In Special! | 1BR,1BA | $1,695 |
| Paloma | S1 | Studio,1BA | $1,795 |
| Clair Del and Clair Del Gardens | Studio | Studio,1BA | $1,802 |
Best Value Apartments for Rent in Old Lakewood City, CA
As of February 28, 2026 the best value apartment in the Old Lakewood City area is the $2.84 price per square foot 2 Bedroom 2 Bath Model at Tuscany Apartments in the in the Old Lakewood City neighborhood starting from $2,895. The second greatest value Old Lakewood City apartment is the 2 x 1.5 Townhome Model at Patio Gardens starting at $2,845 with a $2.81 price per square foot in the Los Altos neighborhood. Here is today’s list of the best values for Old Lakewood City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Tuscany Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $2.84 |
| Patio Gardens | 2 x 1.5 Townhome | 2BR,1.5BA | $2.81 |
| Park Montair | 2 + 2 Up | 2BR,2BA | $2.63 |
| The 5800 Apartment Homes | 22B | 2BR,2BA | $3.16 |
| 5616 Rocket St, Unit 5616 | 5616 Rocket St | 2BR,1BA | $2.56 |
| the HIVE @ Ackerfield (5565 Ackerfield) | FEATHER GRASS | 2BR,2BA | $2.65 |
| The Hive @ Market | LILY 1 BED - GB | 1BR,1BA | $3.27 |
| Vio Cerritos | 1 Bed 1 Bath | 1BR,1BA | $3.42 |
| 4400 N Lakewood Blvd | 4400 N Lakewood Blvd | 1BR,1BA | $3.51 |
| Paloma | S1 | Studio ,1BA | $2.99 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleOld Lakewood City, Long Beach, CA
Ranked #7
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Old Lakewood City Apartments
What is a cheap apartment in Old Lakewood City?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Lakewood City is under $2,272.
What is the price of a cheap apartment in Old Lakewood City?
The cheapest apartment in Old Lakewood City is the HIVE @ Ackerfield (5565 Ackerfield) which is listed at $1,695, while the average apartment in Old Lakewood City costs $3,160.
What types of apartments are the cheapest in Old Lakewood City?
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 17 regular apartments in Old Lakewood City 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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.