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 Wheat Ridge Active Adult Center, Clements Community Center, and Sheridan. 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 University of Colorado Denver, Colorado Christian University, and Lamar Station Plaza. 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.