
Cheap Apartments for Rent in the Lakewood Area Walnut Creek, CA from $1,500 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood Area area of Walnut Creek.


Total Monthly Price
310 N Civic Dr, Unit 418, Unit 418

Newell Vista

Creekside Terrace

100 Kinross Dr, Unit 15, Unit 15

101 Kinross Dr

490 N Civic Dr, Unit 108, Unit 108

Walnut Hill

Alpine Park

Park Place Apartments
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.

The Arbors

Four Seasons Apartments

Oak & Iron

Birchwood Apartments

Avalon Walnut Ridge

eaves Walnut Creek

The Retreat at Walnut Creek

Diablo Pointe Apartments

Avalon Walnut Creek

2323 San Juan Ave
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.

Carmel House

Castlewood Apartments

The Meridian

Flora

7011 Sunne Ln, Unit SI FL3-ID1502

Kingston Place Apartments

The Boulders

Vista Terrace Apartments

Shutters Apartments

Stoneridge Luxury Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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.

Total Monthly Price
Atrium Downtown

Brio

15Fifty5

450 N Civic Dr

Carmel Pines Senior 55+

Sunnyvale Terrace Apartments

Diablo Villa Apartments

The Alterra: Beautiful One-Bedroom Apartments in the Heart of Downtown Walnut Creek

Trinity Terrace Apartments

310 N Civic Dr
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Sandpiper Apartments

Main Street Terrace

Ming Tree Apartments

490 N Civic Dr

Walnut Terrace

Walnut Creek Apartments

Casa Sierra

1246 Walker Ave

Oak Terrace

2659 Baldwin Ln
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Lakewood Area, Walnut Creek, CA Local Guide

How much does it cost to rent an apartment in Lakewood Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Area Studio Apartments | $2,262 | $1,822 | $3,303 |
| Lakewood Area 1 Bedroom Apartments | $2,597 | $1,780 | $4,759 |
| Lakewood Area 2 Bedroom Apartments | $3,211 | $2,226 | $5,118 |
| Lakewood Area 3 Bedroom Apartments | $4,138 | $3,204 | $5,702 |
Browse Apartments in this Neighborhood
There are currently 54 rentals with your search options within a 2 mile radius of the Lakewood Area Neighborhood of Walnut Creek, CA.
See all Apartments in Walnut CreekExplore Walnut Creek
Lakewood Area, Walnut Creek, CA Local Guide
- Nearby Walnut Creek neighborhoods
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Lakewood Area Apartments for Rent
 The cheapest available apartment rental in the Lakewood Area area of San Francisco, CA is a Studio unit found at Newell Vista priced from $1,822. The Alterra: Beautiful One-Bedroom Apartments in the Heart of Downtown Walnut Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,850. Here are the most affordable Lakewood Area apartments for rent in San Francisco, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Newell Vista | ne-stu | Studio,1BA | $1,822 |
| The Alterra: Beautiful One-Bedroom Apartments in the Heart of Downtown Walnut Creek | One Bedroom Original | 1BR,1BA | $1,850 |
| Park Place Apartments | Loft | 1BR,1BA | $1,995 |
| Four Seasons Apartments | C - 1X1 667 | 1BR,1BA | $1,995 |
| Alpine Park | Studio | Studio,1BA | $1,995 |
| Oak & Iron | 1 Bedroom, 1 Bath B - 1100 Lincoln Ave | 1BR,1BA | $1,999 |
| The Retreat at Walnut Creek | 1 Bed 1 Bath Large | 1BR,1BA | $2,067 |
| 2323 San Juan Ave | Studio | Studio,1BA | $2,150 |
| Carmel House | 1×1 C | 1BR,1BA | $2,168 |
Best Value Apartments for Rent in Lakewood Area, CA
As of April 21, 2026 the best value apartment in the Lakewood Area area is the $3.06 price per square foot Plan 2B Townhome + Rooftop Deck Model at Agora at South Main in the in the Downtown Walnut Creek neighborhood starting from $4,947. The second greatest value Lakewood Area apartment is the C1 Model at Westcliffe Trail starting at $3,810 with a $2.60 price per square foot in the Downtown Walnut Creek neighborhood. Here is today’s list of the best values for Lakewood Area apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Agora at South Main | Plan 2B Townhome + Rooftop Deck | 2BR,2.5BA | $3.06 |
| Westcliffe Trail | C1 | 3BR,1.5BA | $2.60 |
| Diablo Pointe Apartments | Two Bedroom Split-Level | 2BR,1BA | $2.66 |
| Shutters Apartments | 2x2 | 2BR,2BA | $2.61 |
| Kingston Place Apartments | Cantabury | 2BR,1.5BA | $2.55 |
| The Arbors | 2 Bdrm/1bth 1st Floor | 2BR,1BA | $2.89 |
| Walnut Terrace | 1x1 Balcony | 1BR,1BA | $2.93 |
| The Meridian | One Bedroom | 1BR,1BA | $3.03 |
| Newell Vista | ne-stu | Studio ,1BA | $2.60 |
| Four Seasons Apartments | C - 1X1 667 | 1BR,1BA | $2.99 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 Area, Walnut Creek, CA
Ranked #19
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lakewood Area, Walnut Creek, CA
Indian Valley Elementary
Walnut Creek Intermediate
School data provided by Great Schools
Lifestyle Ratings
Our team is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across California including Lakewood Area, Walnut Creek, and the greater San Francisco area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Lakewood Area Apartments
What is the Cheapest Studio apartment in Lakewood Area?
Currently the most affordable Cheap Studio Apartment in Lakewood Area is at Newell Vista listed at $1,822.
How much is rent for a Cheap One Bedroom Lakewood Area Apartment?
The lowest price for a Cheap One Bedroom Lakewood Area Apartment is $1,850 at The Alterra: Beautiful One-Bedroom Apartments in the Heart of Downtown Walnut Creek.
What is the lowest price for a Cheap Two Bedroom Lakewood Area Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lakewood Area is starting from $2,226 at Oak & Iron.
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

A San Francisco Local Expert’s Guide to the Top Budget-Friendly Bay Area Neighborhoods to Rent
Written by: Shannon Hilson
If you’re anything like me, the thought of San Francisco is synonymous with concepts like creativity, character, and quirky local style.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in San Francisco
Written by: Shannon Hilson
Naturally, going away to college or university is super exciting in and of itself. It’s the prelude to the rest of your life, not to mention an unforgettable experience all its own.

Where to Live, Where to Work: Your Guide to Top Neighborhoods to Rent Near San Francisco's 5 Best Employers
Written by: Shannon Hilson
Deciding to move to San Francisco for work is a huge deal. San Fran is exciting and just weird enough to let you know you’re in for an amazing adventure, right from day one.

Bay Living Like a Local: The Insiders Guide to Life and Renting in San Francisco, CA
Written by: Shannon Hilson
San Francisco is so much more than just postcard-perfect views of cable cars and the Golden Gate Bridge.
Articles, How-To's, and Tips

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
Written by: Christine Leonard, Esq.
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.