
Cheap Homes for Rent in Lakewood Neighborhood of Provo, UT from $400 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakewood area of Provo.


346 S 600 E
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822 S Aspen Wy

343 S 100 E
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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1105 S State St
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 | $1,344 | $1,050 | $1,550 |
| Lakewood 3 Bedroom Homes for Rent | $2,005 | $1,500 | $2,700 |
| Lakewood 4 Bedroom Homes for Rent | $2,205 | $1,600 | $2,515 |
| Lakewood 5 Bedroom Homes for Rent | $2,500 | $2,400 | $2,600 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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. 200 City View has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,245. 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 |
| 200 City View | Cambridge | 1BR,1BA | $1,245 |
| The Station at Mill Race | S1 | Studio,1BA | $1,249 |
Best Value Apartments for Rent in Lakewood, UT
As of March 19, 2026 the best value apartment in the Lakewood area is the $1.00 price per square foot 2096 S Nevada Ave Model at 2096 S Nevada Ave, Unit 2096 in the in the Maeser neighborhood starting from $1,700. 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. |
|---|---|---|---|
| 2096 S Nevada Ave, Unit 2096 | 2096 S Nevada Ave | 3BR,2BA | $1.00 |
| 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 |
| 2173 S State St, Unit 5 | 2173 S State St | 2BR,1BA | $1.49 |
| 200 City View | Cambridge | 1BR,1BA | $1.74 |
| 400 Element | Studios | Studio ,1BA | $2.00 |
| The Station at Mill Race | S1 | Studio ,1BA | $2.12 |
| The Boulders | 1 Bedroom 560 sf | 1BR,1BA | $2.32 |
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 $550 to $1,949. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $490 to $2,700.
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 $2,700 with an average monthly rent of $1,752.
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.