Cheap Apartments for Rent in the Lakewood Estates Neighborhood of Rockville, MD from $900 (22 Rentals)

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

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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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Rosedale Apartments
1 to 3 Bedroom Apartments

Rosedale Apartments

16 Oneill DrGaithersburg, MD 20877
  • Utilities Included

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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 $1,458. 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 ListingModel NameBed/BathPriced From
The Flats at Shady GroveThe Glenmont1BR,1BA$1,458
Park Terrace Apartments1 bed, 1 bath renovated1BR,1BA$1,549
The Villages at DecoverlyAzalea1BR,1BA$1,668
The Fields of RockvilleB52BR,1BA$1,695
Village at Gaithersburg2 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Ivy RockvilleThe Rockville3BR,2BA$1.64
Huntington at King FarmTara2BR,2BA$2.42
Residences on the Lane - 62+2A Affordable (income guildelines apply)2BR,2BA$2.46
MAA FallsgroveTraditional 2x1 970 SF2BR,1BA$2.50
Village at Gaithersburg3 Bedroom 1 Bath (Income Restrictions Apply)3BR,1BA$2.27
Elms Shady GroveA21BR,1BA$2.54
Fenestra at The SquareLunette - 1 Bed/+ Den1BR,1BA$2.56
Park Terrace Apartments1 bed, 1 bath1BR,1BA$2.21
Scarborough Square Townhomes & ApartmentsA11BR,1BA$2.37
Sawyer FlatsAlder1BR,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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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 #7

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

Helpful Local Expert Guides

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!