Most Affordable Neighborhoods in Lakewood, CO
Some of the cheapest neighborhoods in Lakewood are Green Acres, Thraemoor West, and Majestic Heights. These neighborhoods offer some of the lowest rent prices in Lakewood, making them ideal for renters on a budget. As of July 29, 2025, the average rent in Lakewood is $1,635, which is 1.7% 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.
Green Acres
Average Rent
$1,154/Month
TransitScore® Rating
41/100
Units Available
14 Rentals
Green Acres is a top choice for budget-conscious renters for a variety of reasons. The average rent in Green Acres is $1,154 while the city average is $1,635. Residents enjoy convenient access to Children's Museum of Denver, Sheridan, and Red Rocks C.C., Lakewood. The neighborhood is considered somewhat walkable with a WalkScore® of 54.
Thraemoor West
Average Rent
$1,244/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 $1,244, compared to the city average of $1,635. Thraemoor West is convenient to Alameda, Littleton Historical Museum, and Sheridan Safeway Center.
Majestic Heights
Average Rent
$1,267/Month
TransitScore® Rating
42/100
Units Available
14 Rentals
Majestic Heights is an affordable neighborhood in Lakewood with an average rent price of $1,267. Compare this to the city average of $1,635. Majestic Heights provides easy access to South Table Mountain Park, Welchester Tree Grant Park, and Former Lakewood Fordland. It’s a car-dependent neighborhood with a WalkScore® of 42.
Morse Park
Average Rent
$1,304/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
45/100
Units Available
23 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.
Martindale
Average Rent
$1,366/Month
TransitScore® Rating
37/100
Units Available
15 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 $1,366, while the city’s average stands at $1,635. Martindale is near Community College Of Denver, Alameda Crossing, and Lamar.
Molholm Two Creeks
Average Rent
$1,475/Month
Year-Over-Year Rent Change
4.9%
TransitScore® Rating
50/100
Units Available
88 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.
Kendrick Lake
Average Rent
$1,537/Month
Year-Over-Year Rent Change
6.3%
TransitScore® Rating
31/100
Units Available
24 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.
College West Estates
Average Rent
$1,618/Month
Units Available
16 Rentals
College West Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in College West Estates is $1,618 while the city average is $1,635. Residents enjoy convenient access to Red Rocks C.C., Lakewood, Garrison, and Welchester Tree Grant Park.
Waterfront
Average Rent
$1,638/Month
TransitScore® Rating
31/100
Units Available
18 Rentals
When you’re looking for a great Lakewood neighborhood on a budget, check out Waterfront. The average rent is $1,638, compared to the city average of $1,635. Waterfront is convenient to Red Rocks College, Woodlake Center, and Federal Center. The community is somewhat walkable with a WalkScore® of 69.
Carmody
Average Rent
$1,639/Month
Year-Over-Year Rent Change
5.4%
TransitScore® Rating
30/100
Units Available
20 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.