
Cheap Apartments for Rent in the Lakewood Neighborhood of Tallahassee, FL from $600 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of Tallahassee.


Ridge Road Flats

The Greens at Old St. Augustine

Ashton Park Apartments

Talla-Villa Apartments
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2114 Main St
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5211 Isabelle Dr

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3000 S Adams St
Lakewood, Tallahassee, FL Local Guide

How much does it cost to rent an apartment in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood 1 Bedroom Apartments | $1,001 | $600 | $1,250 |
| Lakewood 2 Bedroom Apartments | $1,265 | $1,050 | $1,550 |
| Lakewood 3 Bedroom Apartments | $1,517 | $640 | $1,750 |
| Lakewood 4 Bedroom Apartments | $1,586 | $1,432 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Lakewood Neighborhood of Tallahassee, FL.
See all Apartments in TallahasseeExplore Tallahassee
Lakewood, Tallahassee, FL Local Guide
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Cheapest Available Lakewood Apartments for Rent
 The cheapest available apartment rental in the Lakewood area of Tallahassee, FL is a 1 Bed unit found at Altura Student Living priced from $600. The Greens at Old St. Augustine has the second lowest priced unit, which is a 1 Bed apartment currently listed from $812. Here are the most affordable Lakewood apartments for rent in Tallahassee, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Altura Student Living | Shared Furnished 4/4 with private 1-bedroom, 1-... | 1BR,1BA | $600 |
| The Greens at Old St. Augustine | A150 - 1 Bedroom, 1 Bathroom | 1BR,1BA | $812 |
| Ashton Grove Apartments | 1/1S | 1BR,1BA | $815 |
| Ashton Park Apartments | 1/1L | 1BR,1BA | $890 |
| Talla-Villa Apartments | 1 Bed, 1 bath | 1BR,1BA | $900 |
Best Value Apartments for Rent in Lakewood, FL
As of November 15, 2025 the best value apartment in the Lakewood area is the $0.47 price per square foot Non Private Entrance Model at Altura Student Living in the in the Southwest Tallahassee neighborhood starting from $750. The second greatest value Lakewood apartment is the 4 Bedroom / 4 Bathroom Platinum Model at The Park at Bristol starting at $1,625 with a $1.08 price per square foot in the Southwest Tallahassee neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Altura Student Living | Non Private Entrance | 1BR,1BA | $0.47 |
| The Park at Bristol | 4 Bedroom / 4 Bathroom Platinum | 4BR,4BA | $1.08 |
| The Retreat at Four Points | Upgraded Unit | 4BR,2BA | $1.22 |
| Gardens at South City | 2x2 | 2BR,2BA | $1.28 |
| Ashton Park Apartments | 1/1L | 1BR,1BA | $1.05 |
| Ridge Road Flats | A3 30% PBV LINK | 1BR,1BA | $1.38 |
| The Greens at Old St. Augustine | A1Mk - 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.60 |
| Talla-Villa Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.21 |
| The Residences at Whispering Pines | 1B/1B | 1BR,1BA | $1.71 |
| Ashton Grove Apartments | 1/1S | 1BR,1BA | $1.81 |
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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, Tallahassee, FL
Ranked #98
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Lakewood, Tallahassee, FL
School data provided by Great Schools
Frequently Asked Questions about Cheap Lakewood Apartments
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is Altura Student Living which is listed at $600, while the average apartment in Lakewood costs $1,590.
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 32 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 $771 which is $819 cheaper than the average rent for all rentals in Lakewood.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The 10 Best Affordable Neighborhoods in Tallahassee
Written by: Allaire Williams
I’m Allaire, your ApartmentHomeLiving.com Local Expert for Tallahassee, Florida. I’ve been living here for the past 5 years and it seems to change by the month.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
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