Cheap Homes for Rent in Lakewood Neighborhood of Provo, UT from $400 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Lakewood area of Provo.

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.

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.

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. 200 City View has the second lowest priced unit, which is a Studio apartment currently listed from $1,169. Here are the most affordable Lakewood apartments for rent in Provo, UT:

Apartment ListingModel NameBed/BathPriced From
350 S 900 E1/11BR,1BA$950
200 City ViewGrandviewStudio,1BA$1,169
400 ElementStudiosStudio,1BA$1,175

Best Value Apartments for Rent in Lakewood, UT

As of June 18, 2026 the best value apartment in the Lakewood area is the $1.04 price per square foot 3x2.5 Model at Spring Creek Townhomes in the in the North Park neighborhood starting from $2,050. The second greatest value Lakewood apartment is the 3X1 Model at Sierra Ridge starting at $1,549 with a $1.46 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Spring Creek Townhomes3x2.53BR,2.5BA$1.04
Sierra Ridge3X13BR,1BA$1.46
1125 E 960 S2 Beds, 1 Baths2BR,1BA$1.43
727 E 600 S, Unit 727e 600s727 E 600 S2BR,1BA$2.15
400 ElementStudiosStudio ,1BA$1.94
The Station at Mill RaceS2Studio ,1BA$2.08
The Boulders1 Bedroom 560 sf1BR,1BA$2.32
200 City ViewGrandviewStudio ,1BA$2.31
350 S 900 E1/11BR,1BA$3.17

Frequently Asked Questions about Lakewood

What type of rentals are currently available in Lakewood?

There are currently 66 Apartments for Rent in Lakewood, UT with pricing that ranges from $475 to $2,030. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $495 to $2,550.

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 $495 to $2,550 with an average monthly rent of $1,626.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.