Cheap Apartments for Rent in Lakewood, CO from $500 (197 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Lakewood.

close
View Me
1251 Upham St
$1,2502 Bedroom, 1 Bath RentalsAvailable Now

1251 Upham St

Lakewood, CO 80214
View Details

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

close
View Me
Keri Lynn Apartments
Studio to 1 Bedroom Apartments

Keri Lynn Apartments

5340 W 10th AveLakewood, CO 80214
Utilities inc.
close
View Me
Indy Street Flats
Studio to 3 Bedroom Apartments

Indy Street Flats

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

10500 W 8th Ave

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

Nevada Villas

6201 W Nevada PlLakewood, CO 80226
Utilities inc.
close
View Me
WestRidge Apartments
1 to 3 Bedroom Apartments

WestRidge Apartments

1506 S Owens StLakewood, CO 80232
Utilities inc.
close
View Me
Allied Apartments
Studio to 1 Bedroom Apartments

Allied Apartments

10657 W 6th PlLakewood, CO 80215
close
View Me
Lakewood Gardens
2 Bedroom Apartments

Lakewood Gardens

6085 W 1st AveLakewood, CO 80226
Utilities inc.

Lakewood, CO Local Guide

Photo of Staff Writer  - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lakewood, CO

Pricing Updated: 02/22/2025

Current apartment rentals in the Lakewood, CO area range in price from $525 to $8,862 with an overall median price of $2,539. The three Lakewood neighborhoods with the lowest median rent pricing are Morse Park at $525, Eiber at $905, and Belmar at $1,049. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Lakewood Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Morse Park$1,895$525580
Eiber$2,536$9053625
Belmar$2,542$1,0494115
Lasley$2,562$1,2493670
Lakewood/West Corridor$2,846$52521633
Edgewood$2,856$7508604

Cheapest Available Lakewood Apartments for Rent

 

The cheapest available apartment rental in Lakewood, CO is a 1 Bed unit found at Westhaven Senior Apartments 62+ in the Daniels Garden neighborhood priced from $905. Harmony Apartments in the Colfax neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $935. Here is today’s list of the most affordable Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westhaven Senior Apartments 62+1Br1Ba1BR,1BA$905
Harmony Apartments0x1Studio,1BA$935
Cavalier Club ApartmentsStudioStudio,1BA$950
Lost Creek Apartments1 Beds, 1 Baths1BR,1BA$975
Alpine FlatsStudioStudio,1BA$979
Applewood Retirement CommunityStudioStudio,1BA$980
Cornell Apartments1 Bed, 1 Bath1BR,1BA$995
Mansard Square Apartments1X11BR,1BA$995
Kipling Village ApartmentsStudioStudio,1BA$995
The Hill ApartmentsFederal Terrace 1 Bed 1 Bath1BR,1BA$999

Best Value Apartments for Rent in Lakewood, CO

As of February 22, 2025 the best value apartment in the Lakewood area is the $1.21 price per square foot 2055 Depew St Model at 2055 Depew St, Unit 2055 in the in the Edgewood neighborhood starting from $2,300. The second greatest value Lakewood apartment is the 2 Beds, 2 baths Model at Vintage Place Retirement 55+ starting at $1,750 with a $1.46 price per square foot in the Morse Park 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.
2055 Depew St, Unit 20552055 Depew St2BR,1BA$1.21
Vintage Place Retirement 55+2 Beds, 2 baths2BR,2BA$1.46
Timberleaf Apartment HomesC13BR,2BA$1.47
9900 W 21st Ave, Unit 119900 W 21st Ave2BR,1BA$1.53
The Pines ApartmentsB22BR,1BA$1.50
Eagle Crest2/12BR,1BA$1.53
Lime Apartments2 Bedroom 1 Bathroom2BR,1BA$1.55
Avon North1x11BR,1BA$1.59
The Reed1 Bed 1 Bath1BR,1BA$1.60
Westhaven Senior Apartments 62+1Br1Ba1BR,1BA$1.58

Quick 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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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

Explore Lakewood, CO Rentals by Map

View MapLakewood, CO Apartments MapView MapLakewood, CO Rental Homes Map

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 the Cheapest Studio apartment in Lakewood?

Currently the most affordable Cheap Studio Apartment in Lakewood is at Harmony Apartments listed at $935.

How much is rent for a Cheap One Bedroom Lakewood Apartment?

The lowest price for a Cheap One Bedroom Lakewood Apartment is $905 at Westhaven Senior Apartments 62+.

What is the lowest price for a Cheap Two Bedroom Lakewood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lakewood is starting from $1,195 at Lost Creek Apartments.

What is the most affordable Lakewood Three Bedroom Apartment?

The best deal on a cheap Lakewood Three Bedroom Apartment rental is at Timberleaf Apartment Homes and starts from $1,650.

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.

decorative image for The 10 Best Affordable Neighborhoods in Denver, CO article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.