
Cheap Apartments for Rent in the Lakewood Area Walnut Creek, CA from $816 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood Area area of Walnut Creek.


1234 Overlook Dr

eaves Walnut Creek

Creekside Terrace

Newell Vista

Diablo Pointe Apartments

Castlewood Apartments

1457 Marchbanks Dr, Unit 1

The Arbors
San Francisco's Best Affordable Neighborhoods
Learn about San Francisco and the best places to live with original content written by our San Francisco, CA Local Expert Shannon Hilson

Walnut Hill

Avalon Walnut Ridge

The Meridian

North Main Apartments

Kingston Place Apartments

Avalon Walnut Creek

The Boulders

Vista Terrace Apartments

Shutters Apartments
Rent According to Income: A Look at Income-Restricted Rentals
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Stoneridge Luxury Apartments

Oak & Iron

Total Monthly Price
2982 Santos Ln, Unit SI FL2-ID987

Total Monthly Price
7011 Sunne Ln, Unit SI FL3-ID1502

320 N Civic Dr, Unit #202

2730 Oak Rd

1422 S Villa Way

1422 S Villa Way, Unit South Villa

Coggins Square Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Carmel Pines

Sunnyvale Terrace Apartments

Diablo Villa Apartments

Trinity Terrace Apartments

324 Parnell Ct

Ming Tree Apartments

Birchwood Apartments

Park Place Apartments

100 Kinross Dr
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Walnut Creek Apartments

Casa Sierra

Alterra Apartments

1477 Marchbanks Dr

Caprice Apartments

Ygnacio Village

Oak Terrace

Sandpiper Apartments

Westcliffe Trail
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.

Flora

Carmel House

Villas at Sierra
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 | $2,608 | $1,825 | $3,450 |
| Lakewood Area 1 Bedroom Apartments | $2,770 | $1,762 | $4,411 |
| Lakewood Area 2 Bedroom Apartments | $3,238 | $2,114 | $5,330 |
| Lakewood Area 3 Bedroom Apartments | $4,111 | $3,204 | $5,903 |
Browse Apartments in this Neighborhood
There are currently 48 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
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Cheapest Available Lakewood Area Apartments for Rent
 The cheapest available apartment rental in the Lakewood Area area of San Francisco, CA is a 1 Bed unit found at eaves Walnut Creek priced from $1,759. Newell Vista has the second lowest priced unit, which is a Studio apartment currently listed from $1,835. Here are the most affordable Lakewood Area apartments for rent in San Francisco, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| eaves Walnut Creek | 601 | 1BR,1BA | $1,759 |
| Newell Vista | ne-stu | Studio,1BA | $1,835 |
| Castlewood Apartments | Studio | Studio,1BA | $1,925 |
| North Main Apartments | North Main 2x1 | 2BR,1BA | $2,177 |
| Caprice Apartments | 1/1 | 1BR,1BA | $2,200 |
| Ygnacio Village | A1 | 1BR,1BA | $2,259 |
| Kingston Place Apartments | Cantabury | 2BR,1BA | $2,295 |
| Vista Terrace Apartments | 1x1 | 1BR,1BA | $2,300 |
| Westcliffe Trail | S1 | Studio,1BA | $2,315 |
| Shutters Apartments | 2x2 | 2BR,2BA | $2,350 |
Best Value Apartments for Rent in Lakewood Area, CA
As of September 06, 2026 the best value apartment in the Lakewood Area area is the $2.43 price per square foot 129 Margarido Dr Model at 129 Margarido Dr, Unit 129 in the in the Downtown Walnut Creek neighborhood starting from $3,400. The second greatest value Lakewood Area apartment is the Two Bedroom Split-Level Model at Diablo Pointe Apartments starting at $2,430 with a $2.46 price per square foot in the Burton Valley 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. |
|---|---|---|---|
| 129 Margarido Dr, Unit 129 | 129 Margarido Dr | 3BR,2BA | $2.43 |
| Diablo Pointe Apartments | Two Bedroom Split-Level | 2BR,1BA | $2.46 |
| Villas at Sierra | 2 Bedroom | 2BR,1BA | $2.63 |
| Shutters Apartments | 2x2 | 2BR,2BA | $2.61 |
| North Main Apartments | North Main 2x1 | 2BR,1BA | $2.42 |
| Kingston Place Apartments | Cantabury | 2BR,1.5BA | $2.55 |
| The Arbors | 2 Bdrm/1bth 1st Floor | 2BR,1BA | $2.78 |
| The Meridian | Two Bedroom | 2BR,1BA | $2.94 |
| Newell Vista | ne-1x1 | 1BR,1BA | $2.87 |
| eaves Walnut Creek | 601 | 1BR,1BA | $2.93 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Pet Friendly LifestyleLakewood Area, Walnut Creek, CA
Ranked #18
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 a cheap apartment in Lakewood Area?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood Area is under $2,350.
What is the price of a cheap apartment in Lakewood Area?
The cheapest apartment in Lakewood Area is eaves Walnut Creek which is listed at $1,759, while the average apartment in Lakewood Area costs $2,855.
What types of apartments are the cheapest in Lakewood Area?
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 Area that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

Where to Live Near San Francisco: A Guide to the Best Surrounding Cities for Renters
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San Francisco is absolutely the type of city that pulls a person in right away, and it’s not hard to see why.

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San Francisco is so much more than just postcard-perfect views of cable cars and the Golden Gate Bridge.

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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.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in San Francisco
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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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.