Cheap Apartments for Rent in Lakewood, NY from $500 (24 Rentals)

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Fairhern Apartments
2 Bedroom Apartments

Fairhern Apartments

21-23 Hern AveLakewood, NY 14750
Utilities inc.
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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 OLD in the East Suburban Erie neighborhood priced from $555. Drake Village Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $680. Here is today’s list of the most affordable Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Gate OLD4 Bed4BR,2BA$555
Drake Village Apartments2 Bedroom2BR,1BA$680
Wellman Building1 Bed, 1 bath1BR,1BA$700
Lighthouse Apartments1 bedroom1BR,1BA$750
38 North Park Row1 Bedroom, 1 Bathroom1BR,1BA$750

Best Value Apartments for Rent in Lakewood, NY and Nearby

As of February 25, 2025 the best value apartment in the Lakewood area is the $0.88 price per square foot 3 Bedroom Large Model at Brookwood Village in the in the South East Hills neighborhood starting from $1,495. The second greatest value Lakewood apartment is the Three Bedroom Townhome - A Model at Granite Ridge Apartments starting at $1,225 with a $0.94 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.
Brookwood Village3 Bedroom Large3BR,2BA$0.88
Granite Ridge ApartmentsThree Bedroom Townhome - A3BR,1.5BA$0.94
Cherry HillGettysburg 2/22BR,2BA$1.41
Park Place Collegiate Housing3BR/1BA by bedroom3BR,1BA$0.66
University Gate OLD3 Bed upgraded3BR,2BA$0.62
The Meadows2 bedroom2BR,1BA$1.18
38 North Park Row1 Bedroom, 1 Bathroom1BR,1BA$1.07
Lighthouse Apartments1 bedroom1BR,1BA$1.15
Northview Heights ApartmentsOne Bedroom1BR,1BA$1.31
Wellman Building1 Bed, 1 bath1BR,1BA$1.35

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

Explore Lakewood, NY Rentals by Map

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See the most popular apartments and homes in Lakewood, NY

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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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Modern Tool Square listed at $800.

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

The lowest price for a Cheap One Bedroom Lakewood Apartment is $700 at Wellman Building.

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 $670 at University Gate OLD.

What is the most affordable Lakewood Three Bedroom Apartment?

The best deal on a cheap Lakewood Three Bedroom Apartment rental is at University Gate OLD 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.

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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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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.

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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.