
Cheap Homes for Rent in Lakewood Neighborhood of Tallahassee, FL from $400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakewood area of Tallahassee.


206 Ridge Rd, Unit Room #1

2007 Keith St

2007 Keith St

2111 Owens St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

5015 Oleander Dr

2218 Magnolia Cir

1911 Pasco Ct

1539-15E1 Paul Russell Rd

3000 S Adams St
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.
Lakewood, Tallahassee, FL Local Guide

How much does it cost to rent a home in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood 2 Bedroom Homes for Rent | $1,336 | $895 | $2,300 |
| Lakewood 3 Bedroom Homes for Rent | $1,706 | $1,250 | $2,300 |
| Lakewood 4 Bedroom Homes for Rent | $1,710 | $460 | $3,800 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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 Ironwood at Levy priced from $795. Ashton Park 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 |
|---|---|---|---|
| Ironwood at Levy | One Bedroom One Bath | 1BR,1BA | $795 |
| Ashton Park | 1/1S | 1BR,1BA | $799 |
| Ashton Grove | 1/1S | 1BR,1BA | $799 |
Best Value Apartments for Rent in Lakewood, FL
As of June 10, 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 B1 - 60 Model at Ekos Magnolia Oaks starting at $1,115 with a $1.16 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 |
| Ekos Magnolia Oaks | B1 - 60 | 2BR,2BA | $1.16 |
| Sunrise Place | 2x2 | 2BR,2BA | $1.73 |
| Kissimmee Apartments | 2 bed / 1 bath | 2BR,1BA | $1.99 |
| The Greens at Old St. Augustine | A180 - 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.48 |
| Ridge Road Flats | A3 70% | 1BR,1BA | $1.62 |
| Ironwood at Levy | One Bedroom One Bath | 1BR,1BA | $1.33 |
| Ashton Park | 1/1S | 1BR,1BA | $1.71 |
| Ashton Grove | 1/1S | 1BR,1BA | $1.78 |
| SOMO | SoMo Monroe Classic Shared Upgraded | 1BR,1BA | $1.68 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 Lakewood
What type of rentals are currently available in Lakewood?
There are currently 88 Apartments for Rent in Lakewood, FL with pricing that ranges from $625 to $5,074. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $460 to $3,800.
What is the current price range for Rental Homes in Lakewood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakewood ranges from $460 to $3,800 with an average monthly rent of $1,401.
How much are larger Three and Four Bedroom Rentals in Lakewood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakewood range from $795 to $5,074, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,300. Four Bedroom Single-Family rentals are also available starting from $460 and Four Bedroom Apartments start at $1,265.
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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.