Cheap Apartments for Rent in Lakewood, NY from $500 (25 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
Showing Results 1-25, Page 1 of 1

Lakewood, NY Local Guide

Cheapest Available Lakewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lakewood, NY is a 1 Bed unit found at Willow Commons Apartments in the East Suburban Erie neighborhood priced from $538. University Gate in the East Suburban Erie neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $620. Here is today’s list of the most affordable Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Commons ApartmentsOne Bedroom1BR,1BA$538
University Gate4 Bed Upgraded4BR,2BA$620
Fairmount Hills Apartments1 Bedroom, 1 Bathroom1BR,1BA$675
Drake Village Apartments2 Bedroom2BR,1BA$680
Wellman Building1 Bed, 1 bath1BR,1BA$700

Best Value Apartments for Rent in Lakewood, NY and Nearby

As of March 26, 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$0.60
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!

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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 The Bowie Apartments listed at $900.

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

The lowest price for a Cheap One Bedroom Lakewood Apartment is $538 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 $670 at University Gate.

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.

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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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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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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.