Best Affordable Neighborhoods in Lakewood, CO
Some of the cheapest neighborhoods in Lakewood are Kendrick Lake, Martindale, and Waterfront. These neighborhoods offer some of the lowest rent prices in Lakewood, making them ideal for renters on a budget. As of March 25, 2026, the average rent in Lakewood is $1,540, which is 5.2% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Kendrick Lake
Average Rent
$1,272/Month
Year-Over-Year Rent Change
11.1%
Units Available
30 Rentals
Kendrick Lake is a scenic neighborhood centered around its namesake lake, offering residents access to walking trails and outdoor activities. Renters will enjoy the serene atmosphere and the proximity to parks and schools. The area is perfect for those seeking a quiet, nature-oriented lifestyle.
Martindale
Average Rent
$1,283/Month
Units Available
24 Rentals
Martindale is an affordable neighborhood in Lakewood with an average rent price of $1,283. Compare this to the city average of $1,540. Martindale provides easy access to Alameda Crossing, Bear Creek Park, and Lamar.
Waterfront
Average Rent
$1,306/Month
Units Available
25 Rentals
If you’re looking for a great, affordable neighborhood in Lakewood, Waterfront might be the perfect place! It has an average rent price of $1,306, while the city’s average stands at $1,540. Waterfront is near Federal Center, Welchester Tree Grant Park, and Lakewood/Wadsworth.
Eiber
Average Rent
$1,316/Month
Year-Over-Year Rent Change
1.9%
Units Available
53 Rentals
Eiber is a well-established neighborhood offering a mix of historic homes and modern developments. Renters will appreciate the proximity to local schools, parks, and shopping areas. The neighborhood’s quiet charm and suburban feel make it a popular choice.
Carmody
Average Rent
$1,331/Month
Units Available
27 Rentals
Carmody is a peaceful residential neighborhood offering easy access to parks, schools, and shopping centers. Renters will appreciate the variety of recreational options nearby, including Carmody Recreation Center. The area provides a suburban retreat with city conveniences.
Morse Park
Average Rent
$1,374/Month
Year-Over-Year Rent Change
6.4%
Units Available
14 Rentals
Morse Park is a charming neighborhood known for its spacious homes and proximity to Crown Hill Park, a popular hiking. biking, and horseback riding destination. Renters will appreciate the peaceful, tree-lined streets and access to local amenities. The neighborhood is just seven miles west of downtown Denver.
Foothills
Average Rent
$1,509/Month
Year-Over-Year Rent Change
6%
Units Available
84 Rentals
Foothills is a quiet, residential neighborhood offering beautiful views of the surrounding mountains and access to parks and hiking trails. Renters will enjoy the peaceful atmosphere and proximity to shopping and dining options.
Snowbird
Average Rent
$1,520/Month
Units Available
62 Rentals
Snowbird is a top choice for budget-conscious renters for a variety of reasons. The average rent in Snowbird is $1,520 while the city average is $1,540. Residents enjoy convenient access to Red Rocks College, Denver International, and The Shops at 6th Avenue West.
Green Mountain Townhomes
Average Rent
$1,524/Month
Units Available
72 Rentals
When you’re looking for a great Lakewood neighborhood on a budget, check out Green Mountain Townhomes. The average rent is $1,524, compared to the city average of $1,540. Green Mountain Townhomes is convenient to Welchester Tree Grant Park, Red Rocks C.C., Lakewood, and Matthews/Winters Park.
Molholm Two Creeks
Average Rent
$1,565/Month
Year-Over-Year Rent Change
4.5%
Units Available
143 Rentals
Lakewood’s oldest neighborhood, Molholm Two Creeks, is also one of its most charming. Dating back to 1889, the community retains its historic roots while still providing a wealth of modern amenities. Situated near Lakewood Country Club and several parks, Molholm Two Creeks is a great location for those who enjoy outdoor activities but still want to be near downtown Denver.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.