Best Affordable Neighborhoods in Lakewood, CO
Some of the cheapest neighborhoods in Lakewood are Kendrick Lake, Eiber, and Morse Park. These neighborhoods offer some of the lowest rent prices in Lakewood, making them ideal for renters on a budget. As of May 9, 2026, the average rent in Lakewood is $1,559, which is 3.8% 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
$1,329/Month
Year-Over-Year Rent Change
1.7%
Units Available
34 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.
Eiber
Average Rent
$1,350/Month
Year-Over-Year Rent Change
0.4%
Units Available
90 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.
Morse Park
Average Rent
$1,364/Month
Year-Over-Year Rent Change
4%
Units Available
34 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.
Carmody
Average Rent
$1,386/Month
Units Available
31 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.
North Alameda
Average Rent
$1,467/Month
Year-Over-Year Rent Change
0.6%
Units Available
18 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 $1,467, while the city’s average stands at $1,559. In the last year, prices have increased by 0.6%. North Alameda is near University of Colorado Denver, Belmar Crossing, and Crown Hill Park.
Molholm Two Creeks
Average Rent
$1,487/Month
Year-Over-Year Rent Change
6.4%
Units Available
156 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.
Foothills
Average Rent
$1,512/Month
Year-Over-Year Rent Change
6.4%
Units Available
81 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.
Thraemoor
Average Rent
$1,538/Month
Year-Over-Year Rent Change
5.7%
Units Available
47 Rentals
Thraemoor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Thraemoor is $1,538 while the city average is $1,559. This is a -5.7% difference from last year. Residents enjoy convenient access to Clements Community Center, University of Denver, and Sheridan Plaza.
Edgewood
Average Rent
$1,565/Month
Year-Over-Year Rent Change
2.8%
Units Available
130 Rentals
When you’re looking for a great Lakewood neighborhood on a budget, check out Edgewood. The average rent is $1,565, compared to the city average of $1,559. Rent prices have increased by 2.8%. Edgewood is convenient to Perry, Landry's Downtown Aquarium, and Clements Community Center.
Union Square
Average Rent
$1,638/Month
Year-Over-Year Rent Change
1%
Units Available
132 Rentals
Union Square is tucked into the foothills of the Rocky Mountains, providing residents with beautiful views and plenty of outdoor activities. This suburban community contains shops and restaurants along Union Street, and the nearby Colorado Mills outlet mall provides even more shopping and dining.
Ready to make your move to Lakewood? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.