
Cheap Apartments for Rent in the Lower Lakewood Neighborhood of Walnut Creek, CA from $1,500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lower Lakewood area of Walnut Creek.


Newell Vista

Oak & Iron

Vista Terrace Apartments

Carmel House

Shutters Apartments

50 Tahoe Ct
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.

Coral Homes Duplexes

138 Village Ct

134 Village Ct

45 Tahoe Ct

Analisa

Stoneyridge Lane

186 Sierra Dr
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.

33 Tahoe Ct

17-19 21 23,25 Hollcomb Ct

Ann Apartments

190 Village Ct

Ygnacio Village

Ming Tree Apartments

Casa Sierra
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.

Walnut Terrace

Villas at Sierra

Villas at San Miguel

The Rose Apartments

Carmel Pines Senior 55+

1170-1178 Walker Ave

Sierra Garden Apartments
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.
Lower Lakewood, Walnut Creek, CA Local Guide

How much does it cost to rent an apartment in Lower Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lower Lakewood Studio Apartments | $1,998 | $1,822 | $2,175 |
| Lower Lakewood 1 Bedroom Apartments | $2,225 | $1,995 | $2,470 |
| Lower Lakewood 2 Bedroom Apartments | $2,609 | $2,350 | $2,825 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the Lower Lakewood Neighborhood of Walnut Creek, CA.
See all Apartments in Walnut CreekExplore Walnut Creek
Cheapest Available Lower Lakewood Apartments for Rent
 The cheapest available apartment rental in the Lower Lakewood area of San Francisco, CA is a 1 Bed unit found at The Arbors priced from $1,995. Oak & Iron has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,119. Here are the most affordable Lower Lakewood apartments for rent in San Francisco, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Arbors | 1bdrm/1bth 1st Floor | 1BR,1BA | $1,995 |
| Oak & Iron | 1 Bedroom, 1 Bath B - 1100 Lincoln Ave | 1BR,1BA | $2,119 |
| Castlewood Apartments | Studio | Studio,1BA | $2,175 |
| Walnut Terrace | 1x1 Balcony | 1BR,1BA | $2,240 |
| Shutters Apartments | 2x2 | 2BR,2BA | $2,350 |
| Carmel House | 1×1 E | 1BR,1BA | $2,381 |
| Ygnacio Village | B1 | 2BR,1BA | $2,394 |
| Villas at Sierra | 2 Bedroom | 2BR,1BA | $2,475 |
| Villas at San Miguel | 2 Bedroom | 2BR,1BA | $2,550 |
| Vista Terrace Apartments | 2x1 | 2BR,1BA | $2,550 |
Best Value Apartments for Rent in Lower Lakewood, CA
As of March 11, 2026 the best value apartment in the Lower Lakewood area is the $2.39 price per square foot ne-2x1.5 Model at Newell Vista in the in the Downtown Walnut Creek neighborhood starting from $2,627. The second greatest value Lower Lakewood apartment is the 2 Bedroom Model at Villas at Sierra starting at $2,475 with a $2.61 price per square foot in the Downtown Walnut Creek neighborhood. Here is today’s list of the best values for Lower Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Newell Vista | ne-2x1.5 | 2BR,1.5BA | $2.39 |
| Villas at Sierra | 2 Bedroom | 2BR,1BA | $2.61 |
| Villas at San Miguel | 2 Bedroom | 2BR,1BA | $2.68 |
| Shutters Apartments | 2x2 | 2BR,2BA | $2.61 |
| Vista Terrace Apartments | 2x1 | 2BR,1BA | $2.87 |
| Ygnacio Village | B1 | 2BR,1BA | $3.11 |
| Walnut Terrace | 1x1 Balcony | 1BR,1BA | $2.93 |
| Carmel House | 1×1 E | 1BR,1BA | $3.66 |
| The Arbors | 1bdrm/1bth 1st Floor | 1BR,1BA | $3.15 |
| Oak & Iron | 1 Bedroom, 1 Bath B - 1100 Lincoln Ave | 1BR,1BA | $3.69 |
Frequently Asked Questions about Cheap Lower Lakewood Apartments
How much is rent for a Cheap One Bedroom Lower Lakewood Apartment?
The lowest price for a Cheap One Bedroom Lower Lakewood Apartment is $1,995 at The Arbors.
What is the lowest price for a Cheap Two Bedroom Lower Lakewood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lower Lakewood is starting from $2,350 at Shutters Apartments.
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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.