
Cheap Apartments for Rent in the Lakewood Neighborhood of Provo, UT from $600 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of Provo.


1372 Alpine Way

423 S State St

443 S State St

473 S State St

174 E 300 S
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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.

488 200 S

The Station at Mill Race

400 Element

550 W 200 S

200 City View

The Boulders
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32-28 E 300 S

1251 E 460 S St

2116-2122 Nevada Ave

346 S 600 E

Mountain Vista

The Bay Apartments
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350 S 900 E

124 E 100 S St

268 S 900 W

Central Park Station

Eagle Tree Apartments

134-138 S 300 W
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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.

The Huntington

1234 E 1500 S

Ashli Townhomes
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 | $1,240 | $1,180 | $1,293 |
| Lakewood 1 Bedroom Apartments | $1,350 | $1,145 | $1,543 |
| Lakewood 2 Bedroom Apartments | $1,630 | $1,225 | $1,919 |
| Lakewood 3 Bedroom Apartments | $1,688 | $1,649 | $1,782 |
Browse Apartments in this Neighborhood
There are currently 27 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 1 Bed unit found at 350 S 900 E priced from $950. 400 Element has the second lowest priced unit, which is a Studio apartment currently listed from $1,225. Here are the most affordable Lakewood apartments for rent in Provo, UT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 350 S 900 E | 1/1 | 1BR,1BA | $950 |
| 400 Element | Studios | Studio,1BA | $1,225 |
| 200 City View | Timpanogos | Studio,1BA | $1,235 |
| 134-138 S 300 W | 2 Beds, 1 Baths | 2BR,1BA | $1,250 |
| The Station at Mill Race | 1x1 ADA | 1BR,1BA | $1,370 |
| Slate Canyon | 3 Bedroom | 2 Bathroom | 3BR,2BA | $1,499 |
| The Boulders | 2 bedroom 2 Bath | 2BR,2BA | $1,500 |
| Sierra Ridge | 3X1 | 3BR,1BA | $1,649 |
Best Value Apartments for Rent in Lakewood, UT
As of April 26, 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 $1,649 with a $1.56 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 | $1.56 |
| 134-138 S 300 W | 2 Beds, 1 Baths | 2BR,1BA | $1.40 |
| The Boulders | 2 bedroom 2 Bath | 2BR,2BA | $1.79 |
| The Station at Mill Race | 1x1 ADA | 1BR,1BA | $1.85 |
| 400 Element | Studios | Studio ,1BA | $2.02 |
| 200 City View | Timpanogos | Studio ,1BA | $2.55 |
| 350 S 900 E | 1/1 | 1BR,1BA | $3.17 |
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 $1,649.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is 350 S 900 E which is listed at $950, while the average apartment in Lakewood costs $1,649.
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 1 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 $221 which is $1,428 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.