Cheapest Neighborhoods in Lakewood, CO
Some of the cheapest neighborhoods in Lakewood are Majestic Heights, Green Acres, and Belmar Park. These neighborhoods offer some of the lowest rent prices in Lakewood, making them ideal for renters on a budget. As of August 7, 2026, the average rent in Lakewood is $1,578, which is 1.2% 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.
Majestic Heights
Average Rent
$1,147/Month
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Lakewood, Majestic Heights might be the perfect place! It has an average rent price of $1,147, while the city’s average stands at $1,578. Majestic Heights is near Colorado School of Mines, 727 Simms St, and Colorado Christian University.
Green Acres
Average Rent
$1,254/Month
Units Available
10 Rentals
Green Acres is a top choice for budget-conscious renters for a variety of reasons. The average rent in Green Acres is $1,254 while the city average is $1,578. Residents enjoy convenient access to Crown Hill Park, Welchester Tree Grant Park, and MSU Denver.
Belmar Park
Average Rent
$1,348/Month
Year-Over-Year Rent Change
0.3%
Units Available
13 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
$1,355/Month
Year-Over-Year Rent Change
0.4%
Units Available
37 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
$1,355/Month
Units Available
28 Rentals
When you’re looking for a great Lakewood neighborhood on a budget, check out Martindale. The average rent is $1,355, compared to the city average of $1,578. Martindale is convenient to Bear Creek Park, Lakewood/Wadsworth, and University of Colorado Denver.
North Alameda
Average Rent
$1,359/Month
Year-Over-Year Rent Change
1.4%
Units Available
17 Rentals
North Alameda is an affordable neighborhood in Lakewood with an average rent price of $1,359. Compare this to the city average of $1,578. In the past year, rent prices have increased by 1.4%. North Alameda provides easy access to Clements Community Center, Crown Hill Park, and Denver International.
Eiber
Average Rent
$1,364/Month
Year-Over-Year Rent Change
0.6%
Units Available
97 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.
Foothills
Average Rent
$1,373/Month
Year-Over-Year Rent Change
1.9%
Units Available
32 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.
Morse Park
Average Rent
$1,376/Month
Year-Over-Year Rent Change
4.4%
Units Available
35 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
$1,406/Month
Units Available
26 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.
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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.