Most Affordable Neighborhoods in Lakewood, CO
Some of the cheapest neighborhoods in Lakewood are Thraemoor West, Majestic Heights, and Martindale. These neighborhoods offer some of the lowest rent prices in Lakewood, making them ideal for renters on a budget. As of September 13, 2025, the average rent in Lakewood is $1,600, which is 3.9% 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.
Thraemoor West
Average Rent
$1,226/Month
Units Available
17 Rentals
Thraemoor West is a top choice for budget-conscious renters for a variety of reasons. The average rent in Thraemoor West is $1,226 while the city average is $1,600. Residents enjoy convenient access to Washington Park, Target Village, and Arapahoe C.C., Littleton.
Majestic Heights
Average Rent
$1,244/Month
TransitScore® Rating
42/100
Units Available
17 Rentals
When you’re looking for a great Lakewood neighborhood on a budget, check out Majestic Heights. The average rent is $1,244, compared to the city average of $1,600. Majestic Heights is convenient to West Sixth Commerce Center, Lakewood/Wadsworth, and Simms Plaza. The community is car-dependent with a WalkScore® of 42.
Martindale
Average Rent
$1,355/Month
TransitScore® Rating
37/100
Units Available
20 Rentals
Martindale is an affordable neighborhood in Lakewood with an average rent price of $1,355. Compare this to the city average of $1,600. Martindale provides easy access to Wheat Ridge Active Adult Center, Knox, and Sheridan. It’s a walkable neighborhood with a WalkScore® of 72.
Golf Club Acres
Average Rent
$1,381/Month
TransitScore® Rating
47/100
Units Available
17 Rentals
If you’re looking for a great, affordable neighborhood in Lakewood, Golf Club Acres might be the perfect place! It has an average rent price of $1,381, while the city’s average stands at $1,600. Golf Club Acres is near Clements Community Center, Denver International, and Knox.
Morse Park
Average Rent
$1,396/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
45/100
Units Available
13 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.
Belmar Park
Average Rent
$1,419/Month
Year-Over-Year Rent Change
13.4%
TransitScore® Rating
40/100
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
$1,431/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
31/100
Units Available
29 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.
Molholm Two Creeks
Average Rent
$1,464/Month
Year-Over-Year Rent Change
6.4%
TransitScore® Rating
50/100
Units Available
95 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.
College West Estates
Average Rent
$1,470/Month
Units Available
19 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 $1,470 while the city average is $1,600. Residents enjoy convenient access to Colorado Christian University, Matthews/Winters Park, and Colorado School of Mines.
Waterfront
Average Rent
$1,485/Month
TransitScore® Rating
31/100
Units Available
22 Rentals
When you’re looking for a great Lakewood neighborhood on a budget, check out Waterfront. The average rent is $1,485, compared to the city average of $1,600. Waterfront is convenient to Welchester Tree Grant Park, Oak, and William Frederick Hayden Park. The community is somewhat walkable with a WalkScore® of 69.
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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.