1295 S 1410 E
ProvoUT84606
Cheap Apartments for Rent in the Lakewood Neighborhood of Provo, UT from $500 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of Provo.
1337 S 1400 W
ProvoUT84601
822 S Aspen Wy
ProvoUT84606
174 E 300 S
ProvoUT84606
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421 S 300 W
ProvoUT84601
346 S 600 E
ProvoUT84606
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Studio to 1 Bedroom Apartments
Mountain Vista
1105 S State StProvo, UT 84606
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2 Bedroom Apartments
The Bay Apartments
960 W 300 SProvo, UT 84601
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.
343 S 100 E
ProvoUT84606
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Lakewood, Provo, UT Local Guide
How much does it cost to rent an apartment in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Studio Apartments | $1,229 | $1,105 | $1,280 |
| Lakewood 1 Bedroom Apartments | $1,334 | $550 | $1,549 |
| Lakewood 2 Bedroom Apartments | $1,577 | $1,000 | $1,949 |
| Lakewood 3 Bedroom Apartments | $1,615 | $1,549 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Lakewood Neighborhood of Provo, UT.
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Cheapest Available Lakewood Apartments for Rent
The cheapest available apartment rental in the Lakewood area of Provo, UT is a Studio unit found at 400 Element priced from $1,215. The Station at Mill Race has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,221. Here are the most affordable Lakewood apartments for rent in Provo, UT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 400 Element | Studios | Studio,1BA | $1,215 |
| The Station at Mill Race | A6 1x1 | 1BR,1BA | $1,221 |
| 200 City View | Cambridge | 1BR,1BA | $1,245 |
Best Value Apartments for Rent in Lakewood, UT
As of March 11, 2026 the best value apartment in the Lakewood area is the $1.36 price per square foot 3 Bedroom | 2 Bathroom Model at Slate Canyon in the in the North Park neighborhood starting from $1,499. The second greatest value Lakewood apartment is the 3X1 Model at Sierra Ridge starting at $1,549 with a $1.46 price per square foot in the Carterville neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Slate Canyon | 3 Bedroom | 2 Bathroom | 3BR,2BA | $1.36 |
| Sierra Ridge | 3X1 | 3BR,1BA | $1.46 |
| 134-138 S 300 W | 2 Beds, 1 Baths | 2BR,1BA | $1.40 |
| 200 City View | Timpview | 1BR,1BA | $2.09 |
| The Station at Mill Race | A2 1x1 | 1BR,1BA | $2.37 |
| 400 Element | Studios | Studio ,1BA | $2.00 |
| The Boulders | 1 Bedroom 560 sf | 1BR,1BA | $2.32 |
Frequently Asked Questions about Cheap Lakewood Apartments
What is a cheap apartment in Lakewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood is under $1,549.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is The Station at Mill Race which is listed at $1,221, while the average apartment in Lakewood costs $1,565.
What types of apartments are the cheapest in Lakewood?
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 5 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lakewood?
Cheap apartments in Lakewood have an average cost of $222 which is $1,343 cheaper than the average rent for all rentals in Lakewood.
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.