
Cheap Apartments for Rent in the Lakewood Neighborhood of Tallahassee, FL from $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of Tallahassee.


The Greens at Old St. Augustine

Ashton Grove Apartments

Gardens at South City

Ashton Park Apartments

The Lakes at San Marcos Apartments

Talla-Villa Apartments

5246 Montejo Dr
Lakewood, Tallahassee, FL Local Guide

How much does it cost to rent an apartment in Lakewood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lakewood Studio Apartments | $1,061 | $985 | $1,099 |
Lakewood 1 Bedroom Apartments | $1,121 | $650 | $2,485 |
Lakewood 2 Bedroom Apartments | $1,378 | $950 | $2,722 |
Lakewood 3 Bedroom Apartments | $1,869 | $1,110 | $4,081 |
Lakewood 4 Bedroom Apartments | $1,669 | $1,432 | $1,845 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Lakewood Neighborhood of Tallahassee, FL.
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Lakewood, Tallahassee, FL Local Guide
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Cheapest Available Lakewood Apartments for Rent
 The cheapest available apartment rental in the Lakewood area of Tallahassee, FL is a 1 Bed unit found at Altura Student Living priced from $650. The Greens at Old St. Augustine has the second lowest priced unit, which is a 1 Bed apartment currently listed from $812. Here are the most affordable Lakewood apartments for rent in Tallahassee, FL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Altura Student Living | Private Entrance | 1BR,1BA | $650 |
The Greens at Old St. Augustine | A150 - 1 Bedroom, 1 Bathroom | 1BR,1BA | $812 |
Ashton Park Apartments | 1/1S | 1BR,1BA | $815 |
Ashton Grove Apartments | 1/1S | 1BR,1BA | $815 |
Gardens at South City | 1x1 | 1BR,1BA | $815 |
Best Value Apartments for Rent in Lakewood, FL
As of April 13, 2025 the best value apartment in the Lakewood area is the $1.13 price per square foot 4 Bedroom / 4 Bathroom Platinum Model at The Park at Bristol in the in the Southwest Tallahassee neighborhood starting from $1,700. The second greatest value Lakewood apartment is the Classic Units Model at University Courtyard starting at $1,400 with a $1.18 price per square foot in the Southwest Tallahassee 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. |
---|---|---|---|
The Park at Bristol | 4 Bedroom / 4 Bathroom Platinum | 4BR,4BA | $1.13 |
University Courtyard | Classic Units | 4BR,2BA | $1.18 |
MAA Southwood | Mossy Oak | 2BR,2BA | $1.36 |
Lakeside at Southwood | 1 Bedroom Deluxe | 1BR,1BA | $1.31 |
Talla-Villa Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.06 |
The Lakes at San Marcos Apartments | 1 Bed, 1 bath | 1BR,1BA | $0.98 |
Blairstone at Governor's Square | Chestnut | 1BR,1BA | $1.52 |
Gardens at South City | 1x1 | 1BR,1BA | $0.99 |
Park at Southwood | The Camellia | 1BR,1BA | $1.53 |
The Greens at Old St. Augustine | A180 - 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.35 |
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Pet Friendly LifestyleLakewood, Tallahassee, FL
Ranked #74
Among neighborhoods in Tallahassee, FL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Lakewood, Tallahassee, FL
School data provided by Great Schools
Frequently Asked Questions about Cheap Lakewood Apartments
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is Altura Student Living which is listed at $650, while the average apartment in Lakewood costs $1,700.
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 188 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lakewood?
Cheap apartments in Lakewood have an average cost of $839 which is $861 cheaper than the average rent for all rentals in Lakewood.
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.