Most Affordable Neighborhoods in Lakewood, CO
Some of the cheapest neighborhoods in Lakewood are Majestic Heights, Thraemoor West, and Green Acres. These neighborhoods offer some of the lowest rent prices in Lakewood, making them ideal for renters on a budget. As of October 28, 2025, the average rent in Lakewood is $1,551, 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.
Majestic Heights
Average Rent
$1,129/Month
TransitScore® Rating
42/100
Units Available
16 Rentals
Majestic Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Majestic Heights is $1,129 while the city average is $1,551. Residents enjoy convenient access to Welchester Tree Grant Park, Colorado Christian University, and Denver International. The neighborhood is considered car-dependent with a WalkScore® of 42.
Thraemoor West
Average Rent
$1,217/Month
Units Available
18 Rentals
When you’re looking for a great Lakewood neighborhood on a budget, check out Thraemoor West. The average rent is $1,217, compared to the city average of $1,551. Thraemoor West is convenient to Littleton Historical Museum, University of Denver, and Evans.
Green Acres
Average Rent
$1,229/Month
TransitScore® Rating
41/100
Units Available
11 Rentals
Green Acres is an affordable neighborhood in Lakewood with an average rent price of $1,229. Compare this to the city average of $1,551. Green Acres provides easy access to Sheridan, Colfax/Wadsworth Center, and Children's Museum of Denver. It’s a somewhat walkable neighborhood with a WalkScore® of 54.
Martindale
Average Rent
$1,289/Month
TransitScore® Rating
37/100
Units Available
20 Rentals
If you’re looking for a great, affordable neighborhood in Lakewood, Martindale might be the perfect place! It has an average rent price of $1,289, while the city’s average stands at $1,551. Martindale is near Landry's Downtown Aquarium, Clements Community Center, and Children's Museum of Denver.
Eiber
Average Rent
$1,314/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
47/100
Units Available
78 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.
Belmar Park
Average Rent
$1,318/Month
Year-Over-Year Rent Change
14.3%
TransitScore® Rating
40/100
Units Available
12 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.
Kendrick Lake
Average Rent
$1,350/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
31/100
Units Available
40 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
$1,387/Month
TransitScore® Rating
31/100
Units Available
30 Rentals
Waterfront is a top choice for budget-conscious renters for a variety of reasons. The average rent in Waterfront is $1,387 while the city average is $1,551. Residents enjoy convenient access to Clements Community Center, Federal Center, and MSU Denver. The neighborhood is considered somewhat walkable with a WalkScore® of 69.
Carmody
Average Rent
$1,409/Month
Year-Over-Year Rent Change
4.9%
TransitScore® Rating
30/100
Units Available
33 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.
Molholm Two Creeks
Average Rent
$1,419/Month
Year-Over-Year Rent Change
3%
TransitScore® Rating
50/100
Units Available
99 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.