
Cheap Apartments for Rent in the Lakewood Neighborhood of Tallahassee, FL from $600 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of Tallahassee.


Altura

Ashton Park Apartments

2150 Saxon St

Total Monthly Price
Ironwood at Levy

Talla-Villa Apartments

Ekos Magnolia Oaks
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2286 Magnolia Cir

The Greens at Old St. Augustine

Briarwood Apartments Phase I and II

Magnolia Courts

Lake Lodge

1111 E Paul Russell Rd

Palm Beach Apartments
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Ashton Grove Apartments

Palm Beach Pointe

The Lakes at San Marcos Apartments

5015 Oleander Dr

1240 Levy Ave

Pebble Brooke

Magnolia Terrace Apartments
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Ridge Road Flats

2218 Magnolia Cir

Holton Apartments

3000 S Adams St

Sunrise Place

541 Okaloosa St

1261 E Orange Ave
Tallahassee's Best Affordable Neighborhoods
Learn about Tallahassee and the best places to live with original content written by Local Expert Allaire Williams

543 Okaloosa St

Oaks at Magnolia
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 | $920 | $650 | $1,355 |
| Lakewood 2 Bedroom Apartments | $1,335 | $825 | $1,850 |
| Lakewood 3 Bedroom Apartments | $2,482 | $1,200 | $5,270 |
| Lakewood 4 Bedroom Apartments | $1,377 | $1,265 | $1,425 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Lakewood Neighborhood of Tallahassee, FL.
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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 Ashton Park Apartments priced from $799. Ashton Grove Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Lakewood apartments for rent in Tallahassee, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ashton Park Apartments | 1/1L | 1BR,1BA | $799 |
| Ashton Grove Apartments | 1/1S | 1BR,1BA | $799 |
| Ironwood at Levy | One Bedroom One Bath | 1BR,1BA | $850 |
| The Greens at Old St. Augustine | A150 - 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,012 |
| Sunrise Place | 3x2 | 3BR,2BA | $1,045 |
| Ekos Magnolia Oaks | B1 - 60 | 2BR,2BA | $1,115 |
| Ridge Road Flats | A2 70% | 1BR,1BA | $1,144 |
| The Park at Bristol | 4 Bedroom / 4 Bathroom Silver | 4BR,4BA | $1,300 |
| The Cottages at Capital Circle | Tulsa | 3BR,2BA | $2,399 |
Best Value Apartments for Rent in Lakewood, FL
As of April 25, 2026 the best value apartment in the Lakewood area is the $0.95 price per square foot 4 Bedroom / 4 Bathroom Platinum Model at The Park at Bristol in the in the Southwest Tallahassee neighborhood starting from $1,425. The second greatest value Lakewood apartment is the Tulsa Model at The Cottages at Capital Circle starting at $2,399 with a $1.66 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. |
|---|---|---|---|
| The Park at Bristol | 4 Bedroom / 4 Bathroom Platinum | 4BR,4BA | $0.95 |
| The Cottages at Capital Circle | Tulsa | 3BR,2BA | $1.66 |
| Ekos Magnolia Oaks | B1 - 60 | 2BR,2BA | $1.16 |
| Ashton Park Apartments | 2/1 | 2BR,1BA | $1.02 |
| Sunrise Place | 2x2 | 2BR,2BA | $1.73 |
| The Greens at Old St. Augustine | A180 - 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.36 |
| Ridge Road Flats | A2 70% | 1BR,1BA | $1.62 |
| Ironwood at Levy | One Bedroom One Bath | 1BR,1BA | $1.42 |
| Ashton Grove Apartments | 1/1S | 1BR,1BA | $1.78 |
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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.
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 Ashton Park Apartments which is listed at $799, while the average apartment in Lakewood costs $2,399.
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 14 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 $357 which is $2,042 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

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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.