Cheap Apartments for Rent in the Lakewood Neighborhood of Saint Petersburg, FL from $1,000 (13 Rentals)

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

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2629 4th St S
Studio Apartments

2629 4th St S

2629 4th St SSt. Petersburg, FL 33705

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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Paradise Bayou
1 to 2 Bedroom Apartments

Paradise Bayou

3220 6th St SSt. Petersburg, FL 33705
  • Utilities Included
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The Morgan
1 to 3 Bedroom Apartments

The Morgan

5473 27th St SSt. Petersburg, FL 33712
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Oak Park Villas
2 Bedroom Apartments

Oak Park Villas

4701 31st StSt. Petersburg, FL 33714

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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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Lakeside Manor
1 to 2 Bedroom Apartments

Lakeside Manor

3600 9th St SSt. Petersburg, FL 33705
  • Utilities Included

Cheapest Available Lakewood Apartments for Rent

 

The cheapest available apartment rental in the Lakewood area of St. Petersburg, FL is a 1 Bed unit found at Enclave at Sabal Pointe Apartments priced from $1,224. The Avalon- Sabal has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. Here are the most affordable Lakewood apartments for rent in St. Petersburg, FL:

Apartment ListingModel NameBed/BathPriced From
Enclave at Sabal Pointe Apartments1 bedroom 1 bath Apartment with 870 Square Feet...1BR,1BA$1,224
The Avalon- SabalFirst month half off! Renovated Apartments!1BR,1BA$1,395
Lake MaggioreA21BR,1BA$1,770
Sur ClubB32BR,2BA$2,300
Bayou Court ApartmentsBayou2BR,2BA$2,350

Best Value Apartments for Rent in Lakewood, FL

As of January 15, 2026 the best value apartment in the Lakewood area is the $2.46 price per square foot C1 Model at Sur Club in the in the Bayview neighborhood starting from $3,250. The second greatest value Lakewood apartment is the Bayou Model at Bayou Court Apartments starting at $2,350 with a $2.24 price per square foot in the Highland Oaks 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.
Sur ClubC13BR,2BA$2.46
Bayou Court ApartmentsBayou2BR,2BA$2.24
Enclave at Sabal Pointe Apartments1 bedroom 1 bath Apartment with 870 Square Feet...1BR,1BA$1.41
The Avalon- SabalGreat place! Great rates!3BR,1BA$3.15
Lake MaggioreA11BR,1BA$3.20

Frequently Asked Questions about Cheap Lakewood Apartments

What is the price of a cheap apartment in Lakewood?

The cheapest apartment in Lakewood is Enclave at Sabal Pointe Apartments which is listed at $1,224, while the average apartment in Lakewood costs $2,675.

What types of apartments are the cheapest in Lakewood?

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 2 regular apartments in Lakewood 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?

Cheap apartments in Lakewood have an average cost of $325 which is $2,350 cheaper than the average rent for all rentals in Lakewood.

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

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.

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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.

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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.

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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!