Zumper
modified
2 Days Ago

Highlights

  • Heat included
  • Spacious apartment
  • Frost free refrigerator
  • Hardwood floors throughout
  • Beautiful balcony
  • Kitchen features a gas stove

Location

16400 Madison Ave # 04, Lakewood, OH 44107, USA|Lakewood
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Contact

Management

Allegro Realty PM LLC

Leasing office

(844) 394-9520 ext. 9621

Property Overview

Woodward offers strong overall value with a Zumper Expert Rating of 7.9/10, highlighted by excellent price (8/10), amenities (8/10), and especially location (9/10) near a top-rated middle school. The property features keyless entry, beautiful hardwood floors, ceramic tile, ceiling fans, heat, and newer light fixtures, and sits in the 86.67th percentile for value for money. With a verified quality rating of 7/10, solid trustworthiness, and 23 listing photos, it provides a well-documented and attractive option for renters.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

7.9
Very Good
Woodward is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Trustworthiness, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Middle school nearby
  • Less expensive
  • Images Available

Floor plans

Woodward - 42 bed1 bath$1,025 /moThis spacious 2 bedroom is in the west end of Lakewood. Hardwood floors throughout this spacious apartment make it something very special. Freshly cleaned and painted and ready for move in! The kitchen features a gas stove, frost free refrigerator, and a small pantry. The living room has a beautiful balcony where you can enjoy summer nights. The bathroom features a soaking tub and has been freshly glazed! Tenants pay for electricity and cooking gas. Heat is included as well as water, sewer, and trash pick up. Don't miss this opportunity! This will go quickly. Call for your virtual tour.

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Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units1
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About Woodward

HomeApartments in LakewoodLakewood Woodward

This spacious 2 bedroom is in the west end of Lakewood. Hardwood floors throughout this spacious apartment make it something very special. Freshly cleaned and painted and ready for move in! The kitchen features a gas stove, frost free refrigerator, and a small pantry. The living room has a beautiful balcony where you can enjoy summer nights. The bathroom features a soaking tub and has been freshly glazed! Tenants pay for electricity and cooking gas. Heat is included as well as water, sewer, and trash pick up. Don't miss this opportunity! This will go quickly. Call for your virtual tour.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.9
/10
Very Good
Woodward is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Trustworthiness, but it offers a satisfying, above-average quality of life.
How we rated Woodward
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, Woodward is a great option for renters looking for apartments in Lakewood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Woodward is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Woodward is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·7A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust Woodward to provide reasonable accomodations and accurate details about its community.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Woodward provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Woodward compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.1 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away

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Rent trends in Lakewood

2-bedroom apartments at Woodward cost about 27% less than the average rent price for 2-bedroom apartments in Lakewood.

Median rents as of May 23 2026.
Lakewood
Lakewood
A table of studio rental data trends in Lakewood
MonthMedian Rent
June 2024$826
July 2024$779
August 2024$828
September 2024$830
October 2024$939
November 2024$894
December 2024$807
January 2025$797
February 2025$996
March 2025$967
April 2025$806
May 2025$796
June 2025$780
July 2025$803
August 2025$820
September 2025$837
October 2025$846
November 2025$923
December 2025$902
January 2026$842
February 2026$848
March 2026$820
April 2026$889
May 2026$878
A table of studio rental data trends in Lakewood
MonthMedian Rent
June 2024$826
July 2024$779
August 2024$828
September 2024$830
October 2024$939
November 2024$894
December 2024$807
January 2025$797
February 2025$996
March 2025$967
April 2025$806
May 2025$796
June 2025$780
July 2025$800
August 2025$820
September 2025$837
October 2025$846
November 2025$923
December 2025$860
January 2026$860
February 2026$848
March 2026$820
April 2026$889
May 2026$878

Affordability calculator

Can I afford to live at 16400 Madison Ave # 04?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$41,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $41,000 annually to afford this 2-bedrooms monthly rent price of $1,025.
For more information on rent affordability, visit our rent calculator.

Schools near Woodward

Grant Elementary School

1470 victoria ave

lakewood, OH, 44107

PK, K-5Public
A

Franklin School of Opportunity Online

13465 franklin blvd

lakewood, OH, 44107

2-12Public

Taft Center for Innovation

13701 lake ave

lakewood, OH, 44107

PKPublic

Rocky River Early Childhood Center At Beach School

1101 morewood pkwy

rocky river, OH, 44116

PKPublic

William Rainey Harper

5515 ira ave

cleveland, OH, 44144

PK, K-7Public
C
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Internet available near Woodward

Getting around Lakewood near 16400 Madison Ave # 04

Walking

5/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 16400 Madison Ave # 04, Lakewood

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

5/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

5/10
Some bars within walking distance

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