Lakewood, CO Rental Market Trends
Highlights
The average rent for an apartment in Lakewood is $1,493, a 2% decrease compared to the previous year.
Average Rent in Lakewood, CO
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,493 | -2% | 878 sq. ft. |
The average size for a Lakewood, CO apartment is 878 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-$1,50056%
- $1,501-$2,00033%
- > $2,0008%
Lakewood, CO Occupied Housing Units
- Renter-occupied Households43%
- Owner-occupied Households56%
28,567 or 43% of the households in Lakewood, CO are renter-occupied while 37,707 or 56% are owner-occupied.
Lakewood, CO Rent Trends
| Average Rent | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jan / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lakewood, CO | $1,436 | $1,420 | $1,478 | $1,479 | $1,467 | $1,514 | $1,509 | $1,545 | $1,502 | $1,504 | $1,493 |
| National | $1,309 | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 | $1,392 |
Average Rent in Lakewood, CO By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Addenbrooke Park | $1,573 |
| Alameda Homes | $1,573 |
| Belmar Park | $1,573 |
| Bonvue | $1,573 |
| East Belmar | $1,573 |
| Jefferson Gardens | $1,573 |
| Kountze Lake | $1,573 |
| Mid-Lakewood Civic Association | $1,573 |
| O'Kane Park | $1,573 |
| The Villa Homes | $1,573 |
| Villa West | $1,573 |
| Washington Heights Park | $1,573 |
| Bear Creek Greenbelt | $1,531 |
| Bear Creek Ranchettes | $1,531 |
| Country Village | $1,531 |
| Heritage West | $1,531 |
| Kemo Country | $1,531 |
| Parkwest Ridge | $1,531 |
| Primrose West | $1,531 |
| Sister City Park | $1,531 |
| Southern Gables | $1,531 |
| The Overlook at Bear Creek | $1,531 |
| The Ranch at Bear Creek | $1,531 |
| The Village at McCoy-Jensen | $1,531 |
| Three Lakes | $1,531 |
| West Gate | $1,531 |
| Pheasant Creek | $1,519 |
| Carmody | $1,489 |
| Charterwood - Thraemoor | $1,489 |
| Academy Park | $1,487 |
| Foothills - Henry Lake | $1,487 |
| Marston Slopes | $1,487 |
| Briarwood Hills - Glennon Heights | $1,484 |
| Chateal Ridge Estates | $1,478 |
| Green Mountain Village | $1,478 |
| Applewood Valley | $1,441 |
| Quailridge Townhome | $1,441 |
| Coyote Gulch | $1,412 |
| Estates at Mountain Terrace | $1,412 |
| Green Mountain | $1,412 |
| Green Mountain Summit | $1,412 |
| Green Mountain Townhomes | $1,412 |
| Green Mountainside | $1,412 |
| Hilltop Estates | $1,412 |
| Rooney Valley | $1,412 |
| Solterra | $1,412 |
| Summit Glen | $1,412 |
| Tamarisk | $1,412 |
| Union Square | $1,412 |
| William Hayden Green Mountain Park | $1,412 |
| Eiber | $1,401 |
| Morse Park | $1,401 |
| Edgewater | $1,360 |
| Edgewood | $1,360 |
| Molholm - Two Creeks | $1,360 |
| Greenbriar - Cloverdale | $1,300 |
| Kendrick Lake | $1,300 |
| Sun Valley | $1,300 |
| West Lochwood | $1,300 |
The most affordable neighborhoods in Lakewood are Greenbriar - Cloverdale, where the average rent goes for $1,300/month, Kendrick Lake, where renters pay $1,300/mo on average, and Sun Valley, where the average rent goes for $1,300/mo. If you’re looking for other great deals, check out the listings from West Lochwood ($1,300), Edgewater ($1,360), and Edgewood ($1,360), where the asking prices are below the average Lakewood rent of $1,493/mo.
The most expensive neighborhoods in Lakewood are The Villa Homes ($1,573), Villa West ($1,573) and Washington Heights Park ($1,573).
The most popular neighborhood in Lakewood is Eiber, where there are 6 verified RENTCafé listings with an average rent of $1,401. Next up is Molholm - Two Creeks, where apartments go for $1,360/month, followed by Morse Park with $1,401 If you’re looking to rent in Lakewood’s most popular neighborhoods, make sure to also check out Sister City Park, where renters pay $1,531 on average, and Edgewood, where the average monthly rent is $1,360.
Lakewood | Rent Comparison by Neighborhood
Rent in Academy Park is 5% lower than in Addenbrooke Park
Academy Park rent is 1% lower than Lakewood average
| Average Rent | $1,487 |
|---|
Addenbrooke Park rent is 5% higher than Lakewood average
| Average Rent | $1,573 |
|---|
How Lakewood Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Denver | $1,631 | -2% |
| Boulder | $1,911 | -2% |
| Colorado Springs | $1,281 | 6% |
| Aurora | $1,360 | 1% |
| Fort Collins | $1,549 | 1% |
| Lakewood | $1,493 | -2% |
| Littleton | $1,647 | -1% |
| Westminster | $1,490 | -1% |
| Thornton | $1,502 | 4% |
| Arvada | $1,451 | n/a |
| Englewood | $1,594 | -2% |
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!