Cheap Apartments for Rent in the Lakewood Neighborhood of Tallahassee, FL from $300 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood area of Tallahassee.

Altura Student Living

Ashton Grove Apartments

Gardens at South City

Ashton Park Apartments

The Lakes at San Marcos Apartments

The Greens at Old St. Augustine

Magnolia Oaks

Talla-Villa Apartments

5246 Montejo Dr

5017 Center 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 | $1,089 | $391 | $2,583 |
Lakewood 2 Bedroom Apartments | $1,350 | $467 | $2,823 |
Lakewood 3 Bedroom Apartments | $1,750 | $524 | $3,779 |
Lakewood 4 Bedroom Apartments | $1,572 | $568 | $1,845 |
Browse Apartments in this Neighborhood
There are currently 17 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. Ashton Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. 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 |
Ashton Park Apartments | 1/1S | 1BR,1BA | $815 |
Ashton Grove Apartments | 1/1S | 1BR,1BA | $815 |
Gardens at South City | 1x1 | 1BR,1BA | $815 |
The Lakes at San Marcos Apartments | 1 Bed, 1 bath | 1BR,1BA | $871 |
Best Value Apartments for Rent in Lakewood, FL
As of March 25, 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 1 Bedroom Deluxe Model at Lakeside at Southwood starting at $1,571 with a $1.29 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 |
Lakeside at Southwood | 1 Bedroom Deluxe | 1BR,1BA | $1.29 |
University Courtyard | Classic Units | 4BR,2BA | $1.18 |
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 |
Twin Oaks at Southwood | Daylily | 1BR,1BA | $1.57 |
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 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleLakewood, Tallahassee, FL
Ranked #73
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
Best Local Schools in Lakewood, Tallahassee, FL
School data provided by Great Schools
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 $1,100.
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 627 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 $738 which is $962 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.