Cheapest Neighborhoods in Lakewood, CO
Some of the cheapest neighborhoods in Lakewood are Kendrick Lake, North Alameda, and Green Mountain. These neighborhoods offer some of the lowest rent prices in Lakewood, making them ideal for renters on a budget. As of September 21, 2026, the average rent in Lakewood is $1,571, which is 0.1% higher 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
$1,333/Month
Year-Over-Year Rent Change
0.8%
Units Available
33 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.
North Alameda
Average Rent
$1,334/Month
Year-Over-Year Rent Change
1.5%
Units Available
25 Rentals
If you’re looking for a great, affordable neighborhood in Lakewood, North Alameda might be the perfect place! It has an average rent price of $1,334, while the city’s average stands at $1,571. In the last year, prices have increased by 1.5%. North Alameda is near Children's Museum of Denver, Lakewood/Wadsworth, and Lamar.
Green Mountain
Average Rent
$1,360/Month
Units Available
40 Rentals
Green Mountain is a scenic neighborhood known for its proximity to hiking trails, parks, and beautiful views of the Rocky Mountains. Renters will enjoy the quiet atmosphere and easy access to outdoor recreational activities. The neighborhood is ideal for nature lovers seeking suburban living with mountain views.
Carmody
Average Rent
$1,364/Month
Year-Over-Year Rent Change
0.6%
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
$1,407/Month
Year-Over-Year Rent Change
2.3%
Units Available
31 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
$1,419/Month
Year-Over-Year Rent Change
1.7%
Units Available
47 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.
Edgewood
Average Rent
$1,491/Month
Year-Over-Year Rent Change
5.3%
Units Available
96 Rentals
Edgewood is a top choice for budget-conscious renters for a variety of reasons. The average rent in Edgewood is $1,491 while the city average is $1,571. This is a 5.3% difference from last year. Residents enjoy convenient access to Lakewood/Wadsworth, Children's Museum of Denver, and Lamar Station Plaza.
Eiber
Average Rent
$1,547/Month
Year-Over-Year Rent Change
1.4%
Units Available
102 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.
Lakewood Heights
Average Rent
$1,566/Month
Units Available
13 Rentals
When you’re looking for a great Lakewood neighborhood on a budget, check out Lakewood Heights. The average rent is $1,566, compared to the city average of $1,571. Lakewood Heights is convenient to Red Rocks C.C., Lakewood, Denver International, and Garrison.
Molholm Two Creeks
Average Rent
$1,590/Month
Year-Over-Year Rent Change
5.6%
Units Available
145 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.