Most Affordable Neighborhoods in Lakewood, CO

Some of the cheapest neighborhoods in Lakewood are Glennon Heights, 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 16, 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.

Glennon Heights

Average Rent

$1,174/Month

Year-Over-Year Rent Change

1.2%

TransitScore® Rating

25/100

Units Available

4 Rentals

If you’re looking for a great, affordable neighborhood in Lakewood, Glennon Heights might be the perfect place! It has an average rent price of $1,174, while the city’s average stands at $1,619. In the last year, prices have decreased by 1.2%. Glennon Heights is near Garrison, Crown Hill Park, and Sun Valley Shoppette.

Morse Park

Average Rent

$1,324/Month

Year-Over-Year Rent Change

4.9%

TransitScore® Rating

45/100

Units Available

14 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

$1,396/Month

Year-Over-Year Rent Change

0.4%

TransitScore® Rating

47/100

Units Available

49 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

$1,565/Month

Year-Over-Year Rent Change

2.6%

TransitScore® Rating

50/100

Units Available

74 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.

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.

Daniels

Average Rent

$1,590/Month

Year-Over-Year Rent Change

1.7%

TransitScore® Rating

46/100

Units Available

39 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.

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.

Edgewood

Average Rent

$1,702/Month

Year-Over-Year Rent Change

2.2%

TransitScore® Rating

43/100

Units Available

51 Rentals

Edgewood is a top choice for budget-conscious renters for a variety of reasons. The average rent in Edgewood is $1,702 while the city average is $1,619. This is a -2.2% difference from last year. Residents enjoy convenient access to Perry, Landry's Downtown Aquarium, and Wheat Ridge Active Adult Center. The neighborhood is considered walkable with a WalkScore® of 76.

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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.