Most Affordable Neighborhoods in Lakewood, CO
Some of the cheapest neighborhoods in Lakewood are North Alameda, Morse Park, and Eiber. These neighborhoods offer some of the lowest rent prices in Lakewood, making them ideal for renters on a budget. As of March 18, 2025, the average rent in Lakewood is $1,619, which is 3.5% 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.
North Alameda
Average Rent
$1,230/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
38/100
Units Available
6 Rentals
North Alameda is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Alameda is $1,230 while the city average is $1,619. This is a 1.6% difference from last year. Residents enjoy convenient access to Belmar Crossing, Lamar, and Martischang Plaza. The neighborhood is considered walkable with a WalkScore® of 71.
Morse Park
Average Rent
$1,296/Month
Year-Over-Year Rent Change
4.9%
TransitScore® Rating
45/100
Units Available
16 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.
Eiber
Average Rent
$1,388/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
47/100
Units Available
52 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.
Kendrick Lake
Average Rent
$1,453/Month
Year-Over-Year Rent Change
8.2%
TransitScore® Rating
31/100
Units Available
30 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.
Carmody
Average Rent
$1,516/Month
Year-Over-Year Rent Change
4.8%
TransitScore® Rating
30/100
Units Available
22 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
$1,560/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
50/100
Units Available
75 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.
Daniels
Average Rent
$1,583/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
46/100
Units Available
40 Rentals
Daniels is perfectly located, halfway between Denver and the Rocky Mountain foothills. While residential in nature, Daniels also contains a variety of office and industrial space. Residents enjoy the walking paths, playground, picnic areas, and ball fields in Daniels Park as well as the shopping and dining available in the nearby Colorado Mills outlet mall.
Green Mountain
Average Rent
$1,587/Month
TransitScore® Rating
12/100
Units Available
6 Rentals
Green Mountain is a scenic neighborhood known for its proximity to hiking trails, parks, and beautiful views of the Rocky Mountains. Renters will enjoy the quiet atmosphere and easy access to outdoor recreational activities. The neighborhood is ideal for nature lovers seeking suburban living with mountain views.
Edgewood
Average Rent
$1,674/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
43/100
Units Available
54 Rentals
When you’re looking for a great Lakewood neighborhood on a budget, check out Edgewood. The average rent is $1,674, compared to the city average of $1,619. Rent prices have decreased by 2.2%. Edgewood is convenient to MSU Denver, Edgewater Public Market, and Sheridan. The community is walkable with a WalkScore® of 76.
Belmar Park
Average Rent
$1,689/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
40/100
Units Available
27 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.
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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.