Cheap Apartments for Rent in Lakewood, NY from $500 (28 Rentals)

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Fairhern Apartments
2 Bedroom Apartments

Fairhern Apartments

21-23 Hern AveLakewood, NY 14750
  • Utilities Included
property at 803 E 36th St

803 E 36th St

EriePA16504

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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

Lakewood, NY Local Guide

Cheapest Available Lakewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lakewood, NY is a 4 Beds unit found at University Gate in the East Suburban Erie neighborhood priced from $620. Willow Commons Apartments in the East Suburban Erie neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $645. Here is today’s list of the most affordable Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Gate4 Bed Upgraded4BR,2BA$620
Willow Commons ApartmentsTwo Bedroom2BR,1BA$645
Fairmount Hills Apartments1 Bedroom, 1 Bathroom1BR,1BA$675
Wellman Building1 Bed, 1 bath1BR,1BA$700
Lighthouse Apartments1 bedroom1BR,1BA$750
The Meadows1 bedroom1BR,1BA$750
Cider Mill ApartmentsSpacious 1 BD 1 BA 041BR,1BA$850
The Reserve at Millcreek1.5 Miles From LECOM Available Spring-Summer 20251BR,1BA$850
Northview Heights ApartmentsOne Bedroom1BR,1BA$850
The Bowie ApartmentsStudio BStudio,1BA$900

Best Value Apartments for Rent in Lakewood, NY and Nearby

As of April 27, 2025 the best value apartment in the Lakewood area is the $0.94 price per square foot Three Bedroom Townhome - A Model at Granite Ridge Apartments in the starting from $1,225. The second greatest value Lakewood apartment is the 3BR/1BA by bedroom Model at Park Place Collegiate Housing starting at $763 with a $0.66 price per square foot . 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.
Granite Ridge ApartmentsThree Bedroom Townhome - A3BR,1.5BA$0.94
Park Place Collegiate Housing3BR/1BA by bedroom3BR,1BA$0.66
University Gate3 Bed upgraded3BR,2BA$0.62
Willow Commons ApartmentsOne Bedroom1BR,1BA$0.72
Campus Edge at Brighamw-2bdtwnCampus Edge at Brigham2BR,2.1BA$1.43
The Meadows2 bedroom2BR,1BA$1.18
Northview Heights ApartmentsOne Bedroom1BR,1BA$1.31
Lighthouse Apartments1 bedroom1BR,1BA$1.15
Fairmount Hills Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.04
Wellman Building1 Bed, 1 bath1BR,1BA$1.35

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Location, Location, Location!

Explore Lakewood, NY Rentals by Map

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Getting Around Lakewood, NY

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Lakewood Apartments

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

The lowest price for a Cheap One Bedroom Lakewood Apartment is $648 at Willow Commons Apartments.

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 $645 at Willow Commons Apartments.

What is the most affordable Lakewood Three Bedroom Apartment?

The best deal on a cheap Lakewood Three Bedroom Apartment rental is at University Gate and starts from $630.

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 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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.