Cheap Homes for Rent in Lakewood Neighborhood of Provo, UT from $500 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Lakewood area of Provo.

Lakewood, Provo, UT Local Guide

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 $1,049. The Boulders has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,191. Here are the most affordable Lakewood apartments for rent in Provo, UT:

Apartment ListingModel NameBed/BathPriced From
The Station at Mill RaceS1Studio,1BA$1,049
The Boulders1 Bedroom 577 sf1BR,1BA$1,191
Sixty Three CenterVelour-Y1BR,1BA$1,195

Best Value Apartments for Rent in Lakewood, UT

As of April 12, 2025 the best value apartment in the Lakewood area is the $1.01 price per square foot 3x2.5 Model at Spring Creek Townhomes in the in the North Park neighborhood starting from $1,999. The second greatest value Lakewood apartment is the 2 Bedrooms Model at Ascent at Union Square starting at $1,499 with a $2.00 price per square foot in the University neighborhood. 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.
Spring Creek Townhomes3x2.53BR,2.5BA$1.01
Ascent at Union Square2 Bedrooms2BR,1BA$2.00
The Station at Mill RaceA2 1x11BR,1BA$1.97
Palladium1x11BR,1BA$2.00
400 Element0x1 AStudio ,1BA$1.99
Sixty Three CenterVelour-Y1BR,1BA$2.13
The Boulders1 Bedroom 560 sf1BR,1BA$2.13
200 City ViewGrandviewStudio ,1BA$2.58
High Line SquareHLS.4Studio ,1BA$2.50

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Frequently Asked Questions about Lakewood

What type of rentals are currently available in Lakewood?

There are currently 61 Apartments for Rent in Lakewood, UT with pricing that ranges from $1,049 to $3,299. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $595 to $3,700.

What is the current price range for Rental Homes in Lakewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakewood ranges from $595 to $3,700 with an average monthly rent of $1,669.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.