
Cheap Homes for Rent in the Lakewood Neighborhood of Provo, UT from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakewood area of Provo.


891 400 S

346 S 600 E

1174 S. Meadow Fork Rd. 6, Unit Master
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

855 400 S

841 400 S

191 S 300 W, Unit 2

434 S 700 W
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,260 | $795 | $1,600 |
| Lakewood 3 Bedroom Homes for Rent | $1,920 | $695 | $2,350 |
| Lakewood 4 Bedroom Homes for Rent | $2,174 | $520 | $2,800 |
| Lakewood 5 Bedroom Homes for Rent | $2,695 | $2,350 | $2,900 |
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.
Explore Provo
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 $1,215. 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 | $1,215 |
| The Boulders | 1 Bedroom 577 sf | 1BR,1BA | $1,306 |
Best Value Apartments for Rent in Lakewood, UT
As of August 02, 2026 the best value apartment in the Lakewood area is the $0.48 price per square foot 1174 S. Meadow Fork #6 Model at 1174 S. Meadow Fork #6, Unit Bed 2 in the in the Maeser neighborhood starting from $595. The second greatest value Lakewood apartment is the 3 Bedroom | 2 Bathroom Model at Slate Canyon starting at $1,499 with a $1.36 price per square foot in the North Park 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. |
|---|---|---|---|
| 1174 S. Meadow Fork #6, Unit Bed 2 | 1174 S. Meadow Fork #6 | 3BR,2BA | $0.48 |
| Slate Canyon | 3 Bedroom | 2 Bathroom | 3BR,2BA | $1.36 |
| Sierra Ridge | 3X1 | 3BR,1BA | $1.46 |
| The Station at Mill Race | A1 1x1 | 1BR,1BA | $1.94 |
| 200 City View | Covey | 1BR,1BA | $2.01 |
| 400 Element | Studios | Studio ,1BA | $2.00 |
| The Boulders | 1 Bedroom 560 sf | 1BR,1BA | $2.33 |
| 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 67 Apartments for Rent in Lakewood, UT with pricing that ranges from $475 to $2,350. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $520 to $2,900.
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 $520 to $2,900 with an average monthly rent of $1,815.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.