Cheap Apartments for Rent in the Lakewood Estates Neighborhood of Rockville, MD from $900 (74 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakewood Estates area of Rockville.

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.

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212 W Montgomery Ave
$1,850 - $2,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,850 - $2,850
Total Monthly Price
$1,850 - $2,850
1 to 3 Bedroom Apartment Available May 1

212 W Montgomery Ave

212 W Montgomery AveRockville, MD 20850
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The Laureate
Rent Specials
$1,934 - $2,976
Total Monthly Price

Total Monthly Price

Base Rent
$1,934 - $2,976
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Laureate

8005 Gramercy BlvdRockville, MD 20855
Pet Friendly
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  • Customer Reviewed
  • 3D Tour

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Momentum at Shady Grove
Studio to 3 Bedroom Apartments

Momentum at Shady Grove

16011 Redland RdRockville, MD 20855
  • Utilities Included
  • Smoke Free
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Camden Shady Grove
Studio to 3 Bedroom Apartments

Camden Shady Grove

9709 Key West AveRockville, MD 20850

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 102 Bullard Cir

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

1 Bedroom, 1 Bath Home for Rent

Available Now

102 Bullard Cir

RockvilleMD20850
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Camden Fallsgrove
1 to 3 Bedroom Apartments

Camden Fallsgrove

719 Fallsgrove DrRockville, MD 20850
property at 1001 Gaither Rd

$2,550

Total Monthly Price

Total Monthly Price

Base Rent
$2,550
Total Monthly Price
$2,550

2 Bedroom, 2 Bath Condo for Rent

Available Now

1001 Gaither Rd, Unit I, Unit I

1001 Gaither Rd
RockvilleMD20850
property at 15300 Diamond Cove Terrace

$2,750

Total Monthly Price

Total Monthly Price

Base Rent
$2,750
Total Monthly Price
$2,750

3 Bedroom, 2 Bath Condo for Rent

Available Now

15300 Diamond Cove Terrace, Unit 4, Unit 4

15300 Diamond Cove Terrace
RockvilleMD20850

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Lakewood Estates, Rockville, MD Local Guide

Cheapest Available Lakewood Estates Apartments for Rent

 

The cheapest available apartment rental in the Lakewood Estates area of Washington, MD is a 1 Bed unit found at The Flats at Shady Grove priced from $1,474. Parkside Landing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,599. Here are the most affordable Lakewood Estates apartments for rent in Washington, MD:

Apartment ListingModel NameBed/BathPriced From
The Flats at Shady GroveThe Glenmont1BR,1BA$1,474
Parkside Landing1BR 1BA | 60% Income Restrictions Apply1BR,1BA$1,599
Cadence at CrownSymphonyStudio,1BA$1,651
Village at Gaithersburg2 Bedroom 1 Bath (Income Restrictions Apply)2BR,1BA$1,699
Axis at Shady GroveAStudio,1BA$1,750
Scarborough Square Townhomes & ApartmentsA11BR,1BA$1,751
The Daley at Shady GroveS4Studio,1BA$1,757
The Reed1 BR A1J1BR,1BA$1,773
Bell Shady GroveS1AStudio,1BA$1,775

Best Value Apartments for Rent in Lakewood Estates, MD

As of April 29, 2026 the best value apartment in the Lakewood Estates area is the $1.68 price per square foot The Rockville Model at The Ivy Rockville in the in the Lakewood Estates neighborhood starting from $2,778. The second greatest value Lakewood Estates apartment is the E5 Model at Elms Shady Grove starting at $3,478 with a $2.30 price per square foot in the Quince Orchard neighborhood. Here is today’s list of the best values for Lakewood Estates apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Ivy RockvilleThe Rockville3BR,2BA$1.68
Elms Shady GroveE53BR,2BA$2.30
The Villages at DecoverlyBirch2BR,2BA$2.46
Parkside Landing3BR 2BA | 60% Income Restrictions Apply3BR,2BA$2.45
Village at Gaithersburg3 Bedroom 1 Bath (Income Restrictions Apply)3BR,1BA$2.17
2317 Glenmore Terrace, Unit 12317 Glenmore Terrace1BR,1BA$2.06
Governor Square1Bx1FA1BR,1BA$2.16
Park Terrace Apartments1 bed, 1 bath renovated1BR,1BA$2.39
Scarborough Square Townhomes & ApartmentsA11BR,1BA$2.37
Sawyer FlatsAlder1BR,1BA$2.53

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Lakewood Estates, Rockville, MD

Ranked #4

Among cities in Maryland for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lakewood Estates, Rockville, MD

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you Lifestyle Ratings of neighborhoods, areas, and rental properties across Maryland and customized analysis for Northwestern Washington, MD. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Lakewood Estates Apartments

What is a cheap apartment in Lakewood Estates?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood Estates is under $1,775.

What is the price of a cheap apartment in Lakewood Estates?

The cheapest apartment in Lakewood Estates is The Flats at Shady Grove which is listed at $1,474, while the average apartment in Lakewood Estates costs $3,115.

What types of apartments are the cheapest in Lakewood Estates?

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 54 regular apartments in Lakewood Estates that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lakewood Estates?

Cheap apartments in Lakewood Estates have an average cost of $676 which is $2,439 cheaper than the average rent for all rentals in Lakewood Estates.

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.

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