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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.
976 S Freedom Blvd
ProvoUT84601
333 W 1610 S
ProvoUT84601
247 S 700 W
ProvoUT84601
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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343 S 100 E
ProvoUT84606
979 W 100 S
ProvoUT84601
The Art of the Rental Viewing: What to look for during a property tour
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Lakewood, Provo, UT Local Guide
Upper Provo River by Flickr User: outkast9821 is licensed under CC BY 2.0
How much does it cost to rent an apartment in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Studio Apartments | $1,217 | $1,065 | $1,330 |
| Lakewood 1 Bedroom Apartments | $1,325 | $560 | $1,575 |
| Lakewood 2 Bedroom Apartments | $1,798 | $1,200 | $3,725 |
| Lakewood 3 Bedroom Apartments | $1,656 | $1,295 | $2,200 |
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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Lakewood, Provo, UT Local Guide
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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 The Boulders priced from $1,191. 400 Element has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable Lakewood apartments for rent in Provo, UT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Boulders | 1 Bedroom 577 sf | 1BR,1BA | $1,191 |
| 400 Element | Studios | Studio,1BA | $1,195 |
| Ascent at Union Square | 1 Bedroom | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Lakewood, UT
As of June 16, 2025 the best value apartment in the Lakewood area is the $0.98 price per square foot 3x2.5 Model at Spring Creek Townhomes in the in the North Park neighborhood starting from $1,950. The second greatest value Lakewood apartment is the B3 2x2 Model at The Station at Mill Race starting at $1,669 with a $1.32 price per square foot in the University 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. |
|---|---|---|---|
| Spring Creek Townhomes | 3x2.5 | 3BR,2.5BA | $0.98 |
| The Station at Mill Race | B3 2x2 | 2BR,2BA | $1.32 |
| Slate Canyon | 3 Bedroom | 2 Bathroom | 3BR,2BA | $1.45 |
| 134-138 S 300 W | 2 Beds, 1 Baths | 2BR,1BA | $1.52 |
| Sixty Three Center | Canyon | 2BR,2BA | $1.87 |
| 687 W Le Bon Cir, Unit 687 | 687 W Le Bon Cir | 2BR,1BA | $1.59 |
| 400 Element | Studios | Studio ,1BA | $1.97 |
| Palladium | 1x1 | 1BR,1BA | $2.00 |
| Ascent at Union Square | 1 Bedroom | 1BR,1BA | $2.09 |
| The Boulders | 1 Bedroom 560 sf | 1BR,1BA | $2.13 |
Quick Rent Budget Calculator
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Pet Friendly Lifestyle
Ranked #
Pet Friendliness Lifestyle Score
Getting Around the Lakewood Neighborhood in Provo, UT
Walk Score®
19 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
36 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
21 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,599.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is The Boulders which is listed at $1,191, while the average apartment in Lakewood costs $2,965.
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 6 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.