Lakewood, CO Rental Market Trends
Highlights
The average rent for an apartment in Lakewood is $1,525, a 4% increase compared to the previous year.
Average Rent in Lakewood, CO
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,525 | 4% | 879 sq. ft. |
The average size for a Lakewood, CO apartment is 879 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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-$1,0003%
- $1,001-$1,50052%
- $1,501-$2,00037%
- > $2,0008%
Lakewood, CO Occupied Housing Units
- Renter-occupied Households43%
- Owner-occupied Households56%
28,536 or 43% of the households in Lakewood, CO are renter-occupied while 37,201 or 56% are owner-occupied.
Lakewood, CO Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lakewood, CO | $1,360 | $1,355 | $1,439 | $1,436 | $1,420 | $1,478 | $1,479 | $1,467 | $1,514 | $1,509 | $1,525 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Lakewood, CO By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| West Lochwood | $1,338 |
| Sun Valley | $1,338 |
| Kendrick Lake | $1,338 |
| Greenbriar - Cloverdale | $1,338 |
| Molholm - Two Creeks | $1,368 |
| Edgewood | $1,368 |
| Edgewater | $1,368 |
| Morse Park | $1,400 |
| Eiber | $1,400 |
| Quailridge Townhome | $1,433 |
| Applewood Valley | $1,433 |
| William Hayden Green Mountain Park | $1,451 |
| Union Square | $1,451 |
| Tamarisk | $1,451 |
| Summit Glen | $1,451 |
| Solterra | $1,451 |
| Rooney Valley | $1,451 |
| Hilltop Estates | $1,451 |
| Green Mountainside | $1,451 |
| Green Mountain Townhomes | $1,451 |
| Green Mountain Summit | $1,451 |
| Green Mountain | $1,451 |
| Estates at Mountain Terrace | $1,451 |
| Coyote Gulch | $1,451 |
| Marston Slopes | $1,464 |
| Foothills - Henry Lake | $1,464 |
| Academy Park | $1,464 |
| Charterwood - Thraemoor | $1,492 |
| Carmody | $1,492 |
| Green Mountain Village | $1,493 |
| Chateal Ridge Estates | $1,493 |
| Pheasant Creek | $1,510 |
| West Gate | $1,526 |
| Three Lakes | $1,526 |
| The Village at McCoy-Jensen | $1,526 |
| The Ranch at Bear Creek | $1,526 |
| The Overlook at Bear Creek | $1,526 |
| Southern Gables | $1,526 |
| Sister City Park | $1,526 |
| Primrose West | $1,526 |
| Parkwest Ridge | $1,526 |
| Kemo Country | $1,526 |
| Heritage West | $1,526 |
| Country Village | $1,526 |
| Bear Creek Ranchettes | $1,526 |
| Bear Creek Greenbelt | $1,526 |
| Briarwood Hills - Glennon Heights | $1,538 |
| Washington Heights Park | $1,644 |
| Villa West | $1,644 |
| The Villa Homes | $1,644 |
| O'Kane Park | $1,644 |
| Mid-Lakewood Civic Association | $1,644 |
| Kountze Lake | $1,644 |
| Jefferson Gardens | $1,644 |
| East Belmar | $1,644 |
| Bonvue | $1,644 |
| Belmar Park | $1,644 |
| Alameda Homes | $1,644 |
| Addenbrooke Park | $1,644 |
The most affordable neighborhoods in Lakewood are Greenbriar - Cloverdale, where the average rent goes for $1,338/month, Kendrick Lake, where renters pay $1,338/mo on average, and Sun Valley, where the average rent goes for $1,338/mo. If you’re looking for other great deals, check out the listings from West Lochwood ($1,338), Edgewater ($1,368), and Edgewood ($1,368), where the asking prices are below the average Lakewood rent of $1,525/mo.
The most expensive neighborhoods in Lakewood are The Villa Homes ($1,644), Villa West ($1,644) and Washington Heights Park ($1,644).
The most popular neighborhood in Lakewood is Eiber, where there are 6 verified RENTCafé listings with an average rent of $1,400. Next up is Molholm - Two Creeks, where apartments go for $1,368/month, followed by Edgewater with $1,368 If you’re looking to rent in Lakewood’s most popular neighborhoods, make sure to also check out Sister City Park, where renters pay $1,526 on average, and Edgewood, where the average monthly rent is $1,368.
Lakewood | Rent Comparison by Neighborhood
Rent in Academy Park is 11% lower than in Addenbrooke Park
Academy Park rent is 4% lower than Lakewood average
| Average Rent | $1,464 |
|---|
Addenbrooke Park rent is 8% higher than Lakewood average
| Average Rent | $1,644 |
|---|
How Lakewood Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Denver | $1,674 | 3% |
| Boulder | $1,970 | 2% |
| Colorado Springs | $1,191 | 6% |
| Aurora | $1,350 | 2% |
| Lakewood | $1,525 | 4% |
| Fort Collins | $1,528 | 1% |
| Littleton | $1,642 | 1% |
| Englewood | $1,616 | 3% |
| Westminster | $1,503 | 4% |
| Thornton | $1,424 | 1% |
| Wheat Ridge | $1,400 | 5% |
For more information about the Lakewood rental trends, check out our monthly rent report
Check out Colorado Cities, Colorado Neighborhoods and Colorado Zip Codes for more details on verified listings, including the Colorado Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!