Lakewood, CO Rental Market Trends

Highlights

The average rent for an apartment in Lakewood is $1,444, a 5% increase compared to the previous year, when the average rent was $1,377.

Average Rent in Lakewood, CO

Last updated Mar 2019
Average Rent Y-o-Y Change Average Apartment Size
$1,444 5% 868 sq. ft.

The average size for a Lakewood, CO apartment is 868 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Lakewood, CO Apartment Rent Ranges

  • $701-$1,0005%
  • $1,001-$1,50063%
  • $1,501-$2,00028%
  • > $2,0004%

Lakewood, CO Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Mar / 2019
Lakewood, CO $1,287 $1,329 $1,317 $1,314 $1,389 $1,377 $1,380 $1,385 $1,444
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average Rent in Lakewood, CO By Neighborhood

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The most affordable neighborhoods in Lakewood are Greenbriar - Cloverdale, where the average rent goes for $1,189/month, Kendrick Lake, where renters pay $1,189/mo on average, and Sun Valley, where the average rent goes for $1,189/mo. If you’re looking for other great deals, check out the listings from West Lochwood ($1,189), Edgewater ($1,312), and Edgewood ($1,312), where the asking prices are below the average Lakewood rent of $1,444/mo.

The most expensive neighborhoods in Lakewood are The Villa Homes ($1,524), Villa West ($1,524) and Washington Heights Park ($1,524).

Lakewood | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Academy Park is 4% lower than in Addenbrooke Park

$1,469

Academy Park rent is 2% higher than Lakewood average

Average Rent $1,469
$1,524

Addenbrooke Park rent is 6% higher than Lakewood average

Average Rent $1,524

How Does Lakewood Compare to Nearby Cities

Average Rent Y-o-Y Change
Wheat Ridge $1,319 3%
Edgewater $1,312 4%
Arvada $1,404 7%
Wheat Ridge City $1,273 3%
Littleton $1,615 4%
Morrison $1,531 14%
Golden $1,597 3%
Lakewood $1,444 5%
Golden City $1,597 3%
Dakota Ridge $1,540 9%
Ken Caryl $1,559 6%

For more information about the Lakewood rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lakewood apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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