
Cheap Homes for Rent in Downtown Lakewood Neighborhood of Lakewood, OH from $1,200 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lakewood area of Lakewood.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

12900 Lake Ave, Unit 803
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

2233 Bunts Rd
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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1415 Olivewood Ave
Cleveland's Best Affordable Neighborhoods
Learn about Cleveland and the best places to live with original content written by our Cleveland, OH Local Expert Sandy Baker
Downtown Lakewood, Lakewood, OH Local Guide

How much does it cost to rent a home in Downtown Lakewood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Lakewood 2 Bedroom Homes for Rent | $1,900 | $1,200 | $2,600 |
Downtown Lakewood 3 Bedroom Homes for Rent | $1,800 | $1,600 | $2,000 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 1 mile radius of the Downtown Lakewood Neighborhood of Lakewood, OH.
Explore Lakewood
Downtown Lakewood, Lakewood, OH Local Guide
- Nearby Lakewood neighborhoods
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Best Value Apartments for Rent in Downtown Lakewood, OH
As of May 14, 2025 the best value apartment in the Downtown Lakewood area is the $1.09 price per square foot 2 Bedroom 1 Bathroom Model at Windsor's Lakewood Properties in the in the Downtown Lakewood neighborhood starting from $1,250. The second greatest value Downtown Lakewood apartment is the 2150 Bunts Model at Lakewood Premier Apartments starting at $1,250 with a $1.14 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. |
---|---|---|---|
Windsor's Lakewood Properties | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.09 |
Lakewood Premier Apartments | 2150 Bunts | 2BR,1BA | $1.14 |
12000 Edgewater | 8 Series | 2BR,1.5BA | $1.65 |
2215 Chesterland Ave, Unit 2 | 2215 Chesterland Ave | 2BR,1BA | $1.28 |
1601 Cordova Ave, Unit 1 | 1601 Cordova Ave | 1BR,1BA | $1.20 |
1651 Victoria Ave, Unit 1 | 1651 Victoria Ave | 1BR,1BA | $1.30 |
Center North | Unit B | 1BR,1BA | $1.52 |
Hilliard West | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.67 |
2275 Warren Rd | 1 Bed/1 Bath | 1BR,1BA | $1.53 |
Clarence House | 1 Bed | 1BR,1BA | $1.65 |
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.
Frequently Asked Questions about Downtown Lakewood
What type of rentals are currently available in Downtown Lakewood?
There are currently 123 Apartments for Rent in Downtown Lakewood, OH with pricing that ranges from $750 to $7,250. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lakewood ranging from $1,200 to $2,600.
What is the current price range for Rental Homes in Downtown Lakewood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lakewood ranges from $1,200 to $2,600 with an average monthly rent of $1,665.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
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Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.