
Cheap Apartments for Rent in the Downtown Lakewood Neighborhood of Lakewood, OH from $500 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lakewood area of Lakewood.


Highland House & Lakewood Area Apartments

Colonial Club Apartments

Elbur Avenue

Clarence House

2171 Olive Ave

15922 Lake Ave

Lakewood Premier Apartments

Parkside
Downtown Lakewood, Lakewood, OH Local Guide

How much does it cost to rent an apartment in Downtown Lakewood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Lakewood Studio Apartments | $1,015 | $700 | $1,295 |
Downtown Lakewood 1 Bedroom Apartments | $1,102 | $840 | $1,450 |
Downtown Lakewood 2 Bedroom Apartments | $1,668 | $940 | $4,703 |
Downtown Lakewood 3 Bedroom Apartments | $1,600 | $1,400 | $1,850 |
Downtown Lakewood 4 Bedroom Apartments | $1,450 | $1,400 | $1,500 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 1 mile radius of the Downtown Lakewood Neighborhood of Lakewood, OH.
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Downtown Lakewood, Lakewood, OH Local Guide
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Cheapest Available Downtown Lakewood Apartments for Rent
 The cheapest available apartment rental in the Downtown Lakewood area of Cleveland, OH is a Studio unit found at Windsor's Lakewood Properties priced from $700. 2275 Warren Rd has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Downtown Lakewood apartments for rent in Cleveland, OH:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Windsor's Lakewood Properties | Studio | Studio,1BA | $700 |
2275 Warren Rd | Studio | Studio,1BA | $750 |
Highland House & Lakewood Area Apartments | EH Efficiency | Studio,1BA | $765 |
Colonial Club Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $840 |
Clarence House | 1 Bed | 1BR,1BA | $850 |
Best Value Apartments for Rent in Downtown Lakewood, OH
As of March 27, 2025 the best value apartment in the Downtown Lakewood area is the $1.42 price per square foot 15009 Hilliard Rd Model at 15009 Hilliard Rd, Unit Lower in the in the Downtown Lakewood neighborhood starting from $1,850. The second greatest value Downtown Lakewood apartment is the 1609 Bunts Rd Model at 1609 Bunts Rd, Unit 1609 - Lower starting at $1,425 with a $1.37 price per square foot in the Downtown Lakewood neighborhood. Here is today’s list of the best values for Downtown Lakewood apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
15009 Hilliard Rd, Unit Lower | 15009 Hilliard Rd | 3BR,1BA | $1.42 |
1609 Bunts Rd, Unit 1609 - Lower | 1609 Bunts Rd | 2BR,1BA | $1.37 |
1651 Victoria Ave, Unit 1 | 1651 Victoria Ave | 1BR,1BA | $1.30 |
Hilliard West | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.67 |
Lakewood Premier Apartments | 13386 Madison-1 | 1BR,1BA | $1.09 |
2275 Warren Rd | 1 Bed/1 Bath | 1BR,1BA | $1.53 |
Windsor's Lakewood Properties | Studio | Studio ,1BA | $1.17 |
Clarence House | 1 Bed | 1BR,1BA | $1.65 |
Colonial Club Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.67 |
Elbur Avenue | 1 Bedroom 1 Bath | 1BR,1BA | $1.70 |
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Pet Friendly LifestyleDowntown Lakewood, Lakewood, OH
Ranked #6
Among neighborhoods in Lakewood, OH for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Lakewood, Lakewood, OH
School data provided by Great Schools
Best Local Schools in Downtown Lakewood, Lakewood, OH
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Lakewood Apartments
What is the Cheapest Studio apartment in Downtown Lakewood?
Currently the most affordable Cheap Studio Apartment in Downtown Lakewood is at Windsor's Lakewood Properties listed at $700.
How much is rent for a Cheap One Bedroom Downtown Lakewood Apartment?
The lowest price for a Cheap One Bedroom Downtown Lakewood Apartment is $800 at Windsor's Lakewood Properties.
What is the lowest price for a Cheap Two Bedroom Downtown Lakewood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Lakewood is starting from $950 at Clarence House.
What is the most affordable Downtown Lakewood Three Bedroom Apartment?
The best deal on a cheap Downtown Lakewood Three Bedroom Apartment rental is at and starts from $1,400.
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.

A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Sandy Baker
Choosing the ideal place to call home in Cleveland may mean selecting a neighborhood that offers excellent access to the freeways or good overall schools for the kids.

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.

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.

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.