662 W 1870 S
ProvoUT84601
Cheap Apartments for Rent in the Lakewood Neighborhood of Provo, UT from $600 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of Provo.
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from $1,049Studio to 2 Bedroom Apartments Available Now
The Station at Mill Race
77 W 500 SProvo, UT 84601
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from $1,095Studio to 2 Bedroom Apartments Available Now
Sixty Three Center
63 E Center StProvo, UT 84606
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343 S 100 E
ProvoUT84606
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1123 E 960 S
ProvoUT84606
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Lakewood, Provo, UT Local Guide
Upper Provo River by Flickr User: outkast9821 is licensed under CC BY 2.0
How much does it cost to rent an apartment in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Studio Apartments | $1,217 | $1,049 | $2,200 |
| Lakewood 1 Bedroom Apartments | $1,347 | $1,125 | $1,530 |
| Lakewood 2 Bedroom Apartments | $1,706 | $1,200 | $3,299 |
| Lakewood 3 Bedroom Apartments | $1,465 | $1,300 | $1,630 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Lakewood Neighborhood of Provo, UT.
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Lakewood, Provo, UT Local Guide
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Cheapest Available Lakewood Apartments for Rent
The cheapest available apartment rental in the Lakewood area of Provo, UT is a Studio unit found at The Station at Mill Race priced from $1,069. Ascent at Union Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here are the most affordable Lakewood apartments for rent in Provo, UT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Station at Mill Race | S2 | Studio,1BA | $1,069 |
| Ascent at Union Square | 1 Bedroom | 1BR,1BA | $1,125 |
| Sixty Three Center | Velour | 1BR,1BA | $1,190 |
Best Value Apartments for Rent in Lakewood, UT
As of March 28, 2025 the best value apartment in the Lakewood area is the $1.27 price per square foot 3 Bedroom | 2 Bathroom Model at Slate Canyon in the in the North Park neighborhood starting from $1,399. The second greatest value Lakewood apartment is the 358 E 500 S Model at 358 E 500 S, Unit 358 E 500 S starting at $1,250 with a $1.19 price per square foot in the North Park neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Slate Canyon | 3 Bedroom | 2 Bathroom | 3BR,2BA | $1.27 |
| 358 E 500 S, Unit 358 E 500 S | 358 E 500 S | 2BR,1BA | $1.19 |
| Ascent at Union Square | 2 Bedrooms | 2BR,1BA | $2.00 |
| 400 Element | 0x1 A | Studio ,1BA | $2.07 |
| Palladium | 1x1 | 1BR,1BA | $2.00 |
| The Station at Mill Race | S2 | Studio ,1BA | $1.79 |
| Sixty Three Center | Velour | 1BR,1BA | $2.13 |
| The Boulders | 1 Bedroom 560 sf | 1BR,1BA | $2.13 |
| 200 City View | Grandview | Studio ,1BA | $2.58 |
| High Line Square | HLS.4 | Studio ,1BA | $2.50 |
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Pet Friendly Lifestyle
Ranked #
Pet Friendliness Lifestyle Score
Getting Around the Lakewood Neighborhood in Provo, UT
Walk Score®
19 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
36 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
21 / 100
Minimal Transit
It may be possible to get on a bus
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 a cheap apartment in Lakewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood is under $1,399.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is Ascent at Union Square which is listed at $1,125, while the average apartment in Lakewood costs $1,654.
What types of apartments are the cheapest in Lakewood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
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.