
Cheap Homes for Rent in Lakewood Neighborhood of Provo, UT from $400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakewood area of Provo.


346 S 600 E

1372 Alpine Way

822 S Aspen Wy
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

124 E 100 S St

268 S 900 W

222 S 100 E

636 S 500 W
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Lakewood, Provo, UT Local Guide

How much does it cost to rent a home in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood 2 Bedroom Homes for Rent | $1,318 | $1,025 | $1,800 |
| Lakewood 3 Bedroom Homes for Rent | $1,915 | $675 | $2,800 |
| Lakewood 4 Bedroom Homes for Rent | $2,463 | $2,350 | $2,560 |
| Lakewood 5 Bedroom Homes for Rent | $2,495 | $2,095 | $2,895 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 $1,199. 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 | $1,199 |
| 200 City View | Timpanogos | Studio,1BA | $1,235 |
Best Value Apartments for Rent in Lakewood, UT
As of May 03, 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 | A1 1x1 | 1BR,1BA | $1.90 |
| 400 Element | Studios | Studio ,1BA | $1.98 |
| 200 City View | Timpanogos | Studio ,1BA | $2.55 |
| 350 S 900 E | 1/1 | 1BR,1BA | $3.17 |
Frequently Asked Questions about Lakewood
What type of rentals are currently available in Lakewood?
There are currently 64 Apartments for Rent in Lakewood, UT with pricing that ranges from $1,099 to $1,919. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $490 to $2,895.
What is the current price range for Rental Homes in Lakewood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakewood ranges from $490 to $2,895 with an average monthly rent of $1,805.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.