Best Affordable Neighborhoods in Lakewood, CO
Some of the cheapest neighborhoods in Lakewood are Belmar Park, Martindale, and Kendrick Lake. These neighborhoods offer some of the lowest rent prices in Lakewood, making them ideal for renters on a budget. As of February 7, 2026, the average rent in Lakewood is $1,529, which is 6.1% 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.
Belmar Park
Average Rent
$1,225/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
40/100
Units Available
10 Rentals
Named for the 127-acre park that shares its name, Belmar Park is a great neighborhood for those who enjoy outdoor activities and scenic views. With its pedestrian-friendly, tree-lined streets, the neighborhood is also park-like, providing a charming setting just southwest of Denver.
Martindale
Average Rent
$1,255/Month
TransitScore® Rating
37/100
Units Available
20 Rentals
Martindale is an affordable neighborhood in Lakewood with an average rent price of $1,255. Compare this to the city average of $1,529. Martindale provides easy access to Lamar, Clements Community Center, and University of Colorado Denver. It’s a walkable neighborhood with a WalkScore® of 72.
Kendrick Lake
Average Rent
$1,280/Month
Year-Over-Year Rent Change
12.6%
TransitScore® Rating
31/100
Units Available
53 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.
Waterfront
Average Rent
$1,305/Month
TransitScore® Rating
31/100
Units Available
42 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 $1,305, while the city’s average stands at $1,529. Waterfront is near William Frederick Hayden Park, Denver International, and Oak.
Carmody
Average Rent
$1,323/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
30/100
Units Available
45 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
$1,376/Month
Year-Over-Year Rent Change
8.4%
TransitScore® Rating
45/100
Units Available
24 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.
Eiber
Average Rent
$1,381/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
47/100
Units Available
71 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.
Green Mountain
Average Rent
$1,418/Month
TransitScore® Rating
12/100
Units Available
12 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.
Molholm Two Creeks
Average Rent
$1,454/Month
Year-Over-Year Rent Change
6.2%
TransitScore® Rating
50/100
Units Available
113 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.
Thraemoor
Average Rent
$1,469/Month
Year-Over-Year Rent Change
13%
TransitScore® Rating
16/100
Units Available
47 Rentals
Thraemoor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Thraemoor is $1,469 while the city average is $1,529. This is a -13% difference from last year. Residents enjoy convenient access to Oxford-City Of Sheridan, Bear Creek Park, and Evans. The neighborhood is considered car-dependent with a WalkScore® of 49.
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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.