Cheap Apartments for Rent in Lakewood, CO from $500 (180 Rentals)

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Cheap Apartments in Lakewood.

Navigating 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.

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Denver's Best Affordable Neighborhoods

Learn about Denver and the best places to live with original content written by our Denver, CO Local Expert Marie McGinnis

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Keri Lynn Apartments
Studio to 1 Bedroom Apartments

Keri Lynn Apartments

5340 W 10th AveLakewood, CO 80214
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Off Belmar Apartments
1 Bedroom Apartments

Off Belmar Apartments

550-552 Webster StLakewood, CO 80226
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Indy Street Flats
Studio to 3 Bedroom Apartments

Indy Street Flats

1440 Independence StLakewood, CO 80215
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10500 W 8th Ave
1 Bedroom Apartments

10500 W 8th Ave

10500 W 8th AveLakewood, CO 80215
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Nevada Villas
1 to 2 Bedroom Apartments

Nevada Villas

6201 W Nevada PlLakewood, CO 80226
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WestRidge Apartments
1 to 3 Bedroom Apartments

WestRidge Apartments

1506 S Owens StLakewood, CO 80232
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Virginia Park
1 to 2 Bedroom Apartments

Virginia Park

5350 W Virginia AveLakewood, CO 80226
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The Kimberly Apartments
Studio to 1 Bedroom Apartments

The Kimberly Apartments

1613 Allison StLakewood, CO 80214
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The Reed
1 to 3 Bedroom Apartments

The Reed

1679-1697 Reed StLakewood, CO 80214
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Larimar Apartments
1 to 2 Bedroom Apartments

Larimar Apartments

1766-1786 Teller StLakewood, CO 80214
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Lakewood Gardens
2 Bedroom Apartments

Lakewood Gardens

6085 W 1st AveLakewood, CO 80226
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10687 6th Pl
1 Bedroom Apartments

10687 6th Pl

10687 6th PlLakewood, CO 80215

Lakewood, CO Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lakewood, CO

Pricing Updated: 05/02/2025

Current apartment rentals in the Lakewood, CO area range in price from $522 to $9,375 with an overall median price of $2,966. The three Lakewood neighborhoods with the lowest median rent pricing are Morse Park at $525, North Alameda at $1,025, and Eiber at $905. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Lakewood Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Morse Park$2,249$52528
North Alameda$2,332$1,02540
Eiber$2,500$905125
Belmar$2,913$964241
Edgewood$2,914$825369
Lasley$2,957$964220
Lakewood/West Corridor$4,900$522840

Cheapest Available Lakewood Apartments for Rent

 

The cheapest available apartment rental in Lakewood, CO is a Studio unit found at Highland West Senior Citizens Apartments in the Regis neighborhood priced from $869. The Hill Apartments in the Southwest Denver neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Highland West Senior Citizens ApartmentsStudio, 1 bathStudio,1BA$869
The Hill ApartmentsFederal Terrace 1 Bed 1 Bath1BR,1BA$899
Federal Terrace ApartmentsFederal Terrace 1 Bed 1 Bath1BR,1BA$899
PinecrestFederal Terrace 1 Bed 1 Bath1BR,1BA$899
Live On South FederalFederal Terrace 1 Bed 1 Bath1BR,1BA$899
Autumn Ridge ApartmentsFederal Terrace 1 Bed 1 Bath1BR,1BA$899
Westhaven Senior Apartments 62+1Br1Ba1BR,1BA$905
Tabor LakeStudio AStudio,1BA$929
Cavalier Club ApartmentsStudioStudio,1BA$950
Alpine FlatsStudioStudio,1BA$964

Best Value Apartments for Rent in Lakewood, CO

As of May 02, 2025 the best value apartment in the Lakewood area is the $0.77 price per square foot 2595 S Utica St Model at 2595 S Utica St, Unit 1 in the in the Southwest Denver neighborhood starting from $1,000. The second greatest value Lakewood apartment is the B1 Model at The Pines Apartments starting at $1,295 with a $1.36 price per square foot in the Daniels Garden neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2595 S Utica St, Unit 12595 S Utica StStudio ,1BA$0.77
The Pines ApartmentsB12BR,1BA$1.36
Eagle Crest2/1U2BR,1BA$1.53
Lakeview Heights2BR2BR,1BA$1.53
Teller Street2x12BR,1BA$1.59
Elm Creek ApartmentsElm Creek 2 Bed 1 Bath2BR,1BA$1.53
The Meridian at Lakewood*** New Lowered Rent Rate *** Move-in by 5/15 ...2BR,1BA$1.56
Highland West Senior Citizens ApartmentsOne bedroom1BR,1BA$1.53
The Kimberly Apartments1x11BR,1BA$1.51
Westhaven Senior Apartments 62+1Br1Ba1BR,1BA$1.58

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Lakewood Overview

Lakewood, Colorado is the fifth-largest town in the Denver metropolitan area. Just minutes away from downtown Denver and 64 miles north-northwest of alluring Colorado Springs, Lakewood boasts some of the most spectacular views of the foothills of the Rocky Mountains. Its premier location and affordability make it one of the most popular destinations for those seeking a well-rounded living experience.

Why live in Lakewood, CO?

Lakewood is a suburb of Denver, offering all the advantages to metropolitan life, while still providing that sense of community many are seeking. This little town offers its residents a balanced life, filled with arts, culture, outdoor activities, and an opportunity to make an honest living.

Pet Friendly Lifestyle
Lakewood, CO

Ranked #4

Among cities in Colorado for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lakewood, CO Rentals by Map

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Getting Around Lakewood, CO

Walk Score®

65 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

66 / 100

Bikeable

Some bike infrastructure

Transit Score®

39 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Lakewood Apartments

What is a cheap apartment in Lakewood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood is under $964.

What is the price of a cheap apartment in Lakewood?

The cheapest apartment in Lakewood is The Hill Apartments which is listed at $899, while the average apartment in Lakewood costs $2,966.

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 55 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 $226 which is $2,740 cheaper than the average rent for all rentals in Lakewood.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The 10 Best Affordable Neighborhoods in Denver, CO

Written by: Marie McGinnis

Denver is a beautiful city with ample opportunities for outdoor recreation and a wide variety of housing options. As your ApartmentHomeLiving.

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Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.