
Cheap Apartments for Rent in the Lakewood Estates Neighborhood of Rockville, MD from $900 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood Estates area of Rockville.


2005 Henson Norris St, Unit #1

304 Anderson Ave

The Flats at Shady Grove

MAA Fallsgrove

Residences on the Lane - 62+

Park Terrace Apartments
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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.

The Villages at Decoverly

Parkside Landing

884 New Mark Esplanade

Victory Court Senior Apartments

1012 Havencrest St

100 & 102 East Argyle Street

Momentum at Shady Grove
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Palladian at Rockville Town Square

The Fields of Rockville

913 Hillside Lake Terrace

Governor Square

Village at Gaithersburg

Rosedale Apartments

Shady Grove Apartments
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12309 St James Rd
Lakewood Estates, Rockville, MD Local Guide

How much does it cost to rent an apartment in Lakewood Estates?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Estates Studio Apartments | $1,915 | $1,300 | $2,285 |
| Lakewood Estates 1 Bedroom Apartments | $2,117 | $950 | $4,213 |
| Lakewood Estates 2 Bedroom Apartments | $2,648 | $1,740 | $4,928 |
| Lakewood Estates 3 Bedroom Apartments | $3,138 | $2,155 | $5,000 |
| Lakewood Estates 4 Bedroom Apartments | $3,108 | $2,653 | $3,491 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 3 mile radius of the Lakewood Estates Neighborhood of Rockville, MD.
See all Apartments in RockvilleExplore Rockville
Lakewood Estates, Rockville, MD Local Guide
- Nearby Rockville neighborhoods
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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 $1,458. Park Terrace Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,549. Here are the most affordable Lakewood Estates apartments for rent in Washington, MD:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Flats at Shady Grove | The Glenmont | 1BR,1BA | $1,458 |
| Park Terrace Apartments | 1 bed, 1 bath renovated | 1BR,1BA | $1,549 |
| The Villages at Decoverly | Azalea | 1BR,1BA | $1,668 |
| The Fields of Rockville | B5 | 2BR,1BA | $1,695 |
| Village at Gaithersburg | 2 Bedroom 1 Bath (Income Restrictions Apply) | 2BR,1BA | $1,699 |
Best Value Apartments for Rent in Lakewood Estates, MD
As of January 16, 2026 the best value apartment in the Lakewood Estates area is the $1.64 price per square foot The Rockville Model at The Ivy Rockville in the in the Lakewood Estates neighborhood starting from $2,713. The second greatest value Lakewood Estates apartment is the Tara Model at Huntington at King Farm starting at $2,639 with a $2.42 price per square foot in the Lakewood Estates neighborhood. Here is today’s list of the best values for Lakewood Estates apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Ivy Rockville | The Rockville | 3BR,2BA | $1.64 |
| Huntington at King Farm | Tara | 2BR,2BA | $2.42 |
| Residences on the Lane - 62+ | 2A Affordable (income guildelines apply) | 2BR,2BA | $2.46 |
| MAA Fallsgrove | Traditional 2x1 970 SF | 2BR,1BA | $2.50 |
| Village at Gaithersburg | 3 Bedroom 1 Bath (Income Restrictions Apply) | 3BR,1BA | $2.27 |
| Elms Shady Grove | A2 | 1BR,1BA | $2.54 |
| Fenestra at The Square | Lunette - 1 Bed/+ Den | 1BR,1BA | $2.56 |
| Park Terrace Apartments | 1 bed, 1 bath | 1BR,1BA | $2.21 |
| Scarborough Square Townhomes & Apartments | A1 | 1BR,1BA | $2.37 |
| Sawyer Flats | Alder | 1BR,1BA | $2.40 |
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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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestyleLakewood Estates, Rockville, MD
Ranked #7
Among cities in Maryland for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lakewood Estates, Rockville, MD
Thomas S. Wootton High
Robert Frost Middle School
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 $1,790.
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 $1,458, while the average apartment in Lakewood Estates costs $3,144.
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 36 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 $424 which is $2,720 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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Articles, How-To's, and Tips

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!