Photos
- Income Restrictions
- 1–2 Bedrooms
- $1,325-$2,095
- 680–1,029Square Feet
Rent Specials
Special!~~**Lease Now and Receive 6 Weeks Free + a Mounted 55" TV**
About Oak Terrace
Thanks for checking out Oak Terrace Apartments! We are a locally owned and professionally managed community, proudly situated in the heart of Lakewood, WA. Tucked away in a peaceful, residential neighborhood, Oak Terrace offers a serene retreat while keeping you connected to everything Lakewood has to offer. Our location is second to none, just moments from the breathtaking shores of American Lake and surrounded by lush green spaces. Whether you enjoy hiking, biking, or simply relaxing in nature, you’ll find scenic parks and nature trails nearby, perfect for outdoor adventures. Lakewood Gardens and Harry Todd Park are just a short distance away, offering expansive areas for picnics, fishing, and family fun. Plus, with shopping, dining, and entertainment at your fingertips, the Lakewood Towne Center and Tacoma Mall are just a quick drive away, providing a wide variety of retail stores and restaurants. For commuters, Oak Terrace offers quick access to I-5, with easy routes to Tacoma, Seattle, and beyond. Public transportation options are abundant, making your daily commute stress-free. Plus, top-rated schools and the Pierce Transit station are conveniently close, adding to the ease of living in this highly desirable location. Our spacious 1- and 2-bedroom apartment homes are designed for comfort and style, offering exceptional value. Each unit features a private patio or balcony, custom cabinetry, hard surface countertops, stainless steel appliances, vinyl plank flooring, and a cozy wood-burning fireplace. Large closets offer ample storage space for your convenience. Our community is packed with amenities to enhance your lifestyle, including a clubhouse with a TV room, a seasonal heated swimming pool, smart package lockers, a dog park, and covered parking. Enjoy peace of mind with secured building entry and video surveillance, ensuring safety and convenience for all of our residents.
Oak Terrace is located in the North Lakewood Neighborhood and 98498 Zip code of Lakewood, WA. This community is professionally managed by Olympic Management Company
Unique Features and Amenities
- 2" faux Wood Blinds
- 24/7 emergency maintenance
- Additional Storage Space
- CARPORTS
- Ceiling Fan
- Custom cabinetry
- Full Size Washer & Dryer (Select Homes)
- Guest Parking
- Internet access
- Large Closets
- Laundry Facilites
- New appliances
- New flooring
- New Light Fixtures
- Online Maintenance Requests
- Online Payments Available
- Secured Building Entry
- Stackable Washer & Dryer
- vinyl plank flooring
Property Contact Info
Floorplan Pricing and Availability
Oak Terrace offers 1 to 2 Bedroom apartments starting from $1,325 and having 680–1,029 sq ft. Here is the current pricing and availability:
New! Interactive Property Map
ApartmentHomeLiving.com's new Interactive Property Map allows you to see where every available unit is located at this community.Try It Now >1 Bedroom
1x1 Aspen Reno No W/D
From $1,325
1 Bed, 1 Bath, 680 sq ftTotal Monthly PriceAvailable NowCheapest 1 BedroomThis is the cheapest 1 Bedroom at this PropertyModel Gallery
Floorplans
Photos
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft View Details $1,325 Available Now 212 680 $1,450 Available Now 121 680 Model Amenities and Features
Features
- Smoke Free
Model Lease Information
Model Price Range
- $1,325 - $1,450
Unit 212 Amenities and Features
Features
- Smoke Free
Unit 212 Lease Information
Unit Price
- $1,325
View Details and Rent EstimateModel Lease Information
Model Price Range
- $1,325 - $1,450
Unit 121 Amenities and Features
Features
- Smoke Free
Unit 121 Lease Information
Unit Price
- $1,450
View Details and Rent EstimateModel Lease Information
Model Price Range
- $1,325 - $1,450
Apartment Model: 1x1 Aspen Reno No W/DFrom $1,3251 Bedroom, 1 Bath, 680 sq ftAvailable NowFloorplansPhotos![]()
1x1 Aspen Reno No W/D - Image 1 ![]()
1x1 Aspen Reno No W/D - Image 2 ![]()
1x1 Aspen Reno No W/D - Image 3 ![]()
1x1 Aspen Reno No W/D - Image 4 ![]()
1x1 Aspen Reno No W/D - Image 5 ![]()
1x1 Aspen Reno No W/D - Image 6 ![]()
1x1 Aspen Reno No W/D - Image 7 ![]()
1x1 Aspen Reno No W/D - Image 8 ![]()
1x1 Aspen Reno No W/D - Image 9 ![]()
1x1 Aspen Reno No W/D - Image 10 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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1x1 Aspen Reno No W/D - Floorplan 11 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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1x1 Aspen Reno No W/D - Floorplan 12 Apartment Unit: 212Apartment Model: 1x1 Aspen Reno No W/D$1,3251 Bedroom, 1 Bath, 680 sq ftAvailable NowApartment Unit: 121Apartment Model: 1x1 Aspen Reno No W/D$1,4501 Bedroom, 1 Bath, 680 sq ftAvailable Now1X1 Willow Reno no W/D (Top floor)
$1,352
1 Bed, 1 Bath, 772 sq ftTotal Monthly PriceAvailable NowModel Gallery
Floorplans
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft $1,352 Available Now 421 772 Model Amenities and Features
Features
- Balcony
- Ceiling Fans
- Fireplace
- Heating
- Smoke Free
- Storage Space
Kitchen
- Stainless Steel Appliances
Unit 421 Lease Information
Unit Price
- $1,352
View Details and Rent EstimateModel Lease Information
Price
- $1,352
Apartment Model: 1X1 Willow Reno no W/D (Top floor)$1,3521 Bedroom, 1 Bath, 772 sq ftAvailable NowFloor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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1X1 Willow Reno no W/D (Top floor) - Floorplan 1 Apartment Unit: 421Apartment Model: 1X1 Willow Reno no W/D (Top floor)$1,3521 Bedroom, 1 Bath, 772 sq ftAvailable Now1x1 Aspen Reno with W/D
From $1,393
1 Bed, 1 Bath, 680 sq ftTotal Monthly PriceAvailable NowModel Gallery
Floorplans
Photos
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft View Details $1,393 Available Now 113 680 $1,575 April 18, 2026 111 680 Model Amenities and Features
Features
- Balcony
- Ceiling Fans
- Fireplace
- Heating
- Smoke Free
- Storage Space
Kitchen
- Stainless Steel Appliances
Model Lease Information
Model Price Range
- $1,393 - $1,575
Unit 113 Lease Information
Unit Price
- $1,393
View Details and Rent EstimateModel Lease Information
Model Price Range
- $1,393 - $1,575
Unit 111 Lease Information
Unit Price
- $1,575
View Details and Rent EstimateModel Lease Information
Model Price Range
- $1,393 - $1,575
Apartment Model: 1x1 Aspen Reno with W/DFrom $1,3931 Bedroom, 1 Bath, 680 sq ftAvailable NowFloorplansPhotos![]()
1x1 Aspen Reno with W/D - Image 1 ![]()
1x1 Aspen Reno with W/D - Image 2 ![]()
1x1 Aspen Reno with W/D - Image 3 ![]()
1x1 Aspen Reno with W/D - Image 4 ![]()
1x1 Aspen Reno with W/D - Image 5 ![]()
1x1 Aspen Reno with W/D - Image 6 ![]()
1x1 Aspen Reno with W/D - Image 7 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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1x1 Aspen Reno with W/D - Floorplan 8 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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1x1 Aspen Reno with W/D - Floorplan 9 Apartment Unit: 113Apartment Model: 1x1 Aspen Reno with W/D$1,3931 Bedroom, 1 Bath, 680 sq ftAvailable NowApartment Unit: 111Apartment Model: 1x1 Aspen Reno with W/D$1,5751 Bedroom, 1 Bath, 680 sq ftAvailable April 18, 20261X1 Willow Reno with W/D (Top floor)
$1,595
1 Bed, 1 Bath, 772 sq ftTotal Monthly PriceAvailable NowModel Gallery
Floorplans
Photos
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft $1,595 Available Now 416 772 Model Amenities and Features
Features
- Balcony
- Ceiling Fans
- Fireplace
- Heating
- Smoke Free
- Storage Space
Kitchen
- Stainless Steel Appliances
Unit 416 Lease Information
Unit Price
- $1,595
View Details and Rent EstimateModel Lease Information
Price
- $1,595
Apartment Model: 1X1 Willow Reno with W/D (Top floor)$1,5951 Bedroom, 1 Bath, 772 sq ftAvailable NowFloorplansPhotos![]()
1X1 Willow Reno with W/D (Top floor) - Image 1 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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1X1 Willow Reno with W/D (Top floor) - Floorplan 2 Apartment Unit: 416Apartment Model: 1X1 Willow Reno with W/D (Top floor)$1,5951 Bedroom, 1 Bath, 772 sq ftAvailable Now2 Bedrooms
2x1 Hawthorn Reno with W/D
From $1,795
2 Beds, 1 Bath, 865 sq ftTotal Monthly PriceAvailable NowModel Gallery
Floorplans
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft View Details $1,795 Available Now 105 865 $1,895 April 18, 2026 210 865 Model Amenities and Features
Features
- Balcony
- Ceiling Fans
- Fireplace
- Heating
- Smoke Free
- Storage Space
Kitchen
- Stainless Steel Appliances
Model Lease Information
Model Price Range
- $1,795 - $1,895
Unit 105 Lease Information
Unit Price
- $1,795
View Details and Rent EstimateModel Lease Information
Model Price Range
- $1,795 - $1,895
Unit 210 Lease Information
Unit Price
- $1,895
View Details and Rent EstimateModel Lease Information
Model Price Range
- $1,795 - $1,895
Apartment Model: 2x1 Hawthorn Reno with W/DFrom $1,7952 Bedroom, 1 Bath, 865 sq ftAvailable NowFloor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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2x1 Hawthorn Reno with W/D - Floorplan 1 Apartment Unit: 105Apartment Model: 2x1 Hawthorn Reno with W/D$1,7952 Bedroom, 1 Bath, 865 sq ftAvailable NowApartment Unit: 210Apartment Model: 2x1 Hawthorn Reno with W/D$1,8952 Bedroom, 1 Bath, 865 sq ftAvailable April 18, 20262X2 Rowan Reno no W/D (Top Floor)
$1,920
2 Beds, 2 Baths, 1029 sq ftTotal Monthly PriceAvailable NowModel Gallery
Floorplans
Photos
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft $1,920 Available Now 414 1029 Model Amenities and Features
Features
- Balcony
- Ceiling Fans
- Fireplace
- Heating
- Smoke Free
- Storage Space
Kitchen
- Stainless Steel Appliances
Unit 414 Lease Information
Unit Price
- $1,920
View Details and Rent EstimateModel Lease Information
Price
- $1,920
Apartment Model: 2X2 Rowan Reno no W/D (Top Floor)$1,9202 Bedroom, 2 Bath, 1029 sq ftAvailable NowFloorplansPhotos![]()
2X2 Rowan Reno no W/D (Top Floor) - Image 1 ![]()
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2X2 Rowan Reno no W/D (Top Floor) - Image 8 ![]()
2X2 Rowan Reno no W/D (Top Floor) - Image 9 ![]()
2X2 Rowan Reno no W/D (Top Floor) - Image 10 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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2X2 Rowan Reno no W/D (Top Floor) - Floorplan 11 Apartment Unit: 414Apartment Model: 2X2 Rowan Reno no W/D (Top Floor)$1,9202 Bedroom, 2 Bath, 1029 sq ftAvailable Now2X1 Hawthorn Classic Partial Reno
$1,725
2 Beds, 1 Bath, 865 sq ftTotal Monthly PriceAvailable Apr 15Cheapest 2 BedroomThis is the cheapest 2 Bedroom at this PropertyModel Gallery
Floorplans
Photos
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft $1,725 April 15, 2026 102 865 Unit 102 Amenities and Features
Features
- Smoke Free
Unit 102 Lease Information
Unit Price
- $1,725
View Details and Rent EstimateModel Lease Information
Price
- $1,725
Apartment Model: 2X1 Hawthorn Classic Partial Reno$1,7252 Bedroom, 1 Bath, 865 sq ftAvailable April 15, 2026FloorplansPhotos![]()
2X1 Hawthorn Classic Partial Reno - Image 1 ![]()
2X1 Hawthorn Classic Partial Reno - Image 2 ![]()
2X1 Hawthorn Classic Partial Reno - Image 3 ![]()
2X1 Hawthorn Classic Partial Reno - Image 4 ![]()
2X1 Hawthorn Classic Partial Reno - Image 5 ![]()
2X1 Hawthorn Classic Partial Reno - Image 6 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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2X1 Hawthorn Classic Partial Reno - Floorplan 7 Apartment Unit: 102Apartment Model: 2X1 Hawthorn Classic Partial Reno$1,7252 Bedroom, 1 Bath, 865 sq ftAvailable April 15, 20262x2 Rowan Reno with W/D (Top Floor)
$2,095
2 Beds, 2 Baths, 1029 sq ftTotal Monthly PriceAvailable Apr 15Model Gallery
Floorplans
Photos
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft $2,095 April 15, 2026 410 1029 Model Amenities and Features
Features
- Balcony
- Ceiling Fans
- Fireplace
- Heating
- Smoke Free
- Storage Space
Kitchen
- Stainless Steel Appliances
Unit 410 Lease Information
Unit Price
- $2,095
View Details and Rent EstimateModel Lease Information
Price
- $2,095
Apartment Model: 2x2 Rowan Reno with W/D (Top Floor)$2,0952 Bedroom, 2 Bath, 1029 sq ftAvailable April 15, 2026FloorplansPhotos![]()
2x2 Rowan Reno with W/D (Top Floor) - Image 1 ![]()
2x2 Rowan Reno with W/D (Top Floor) - Image 2 ![]()
2x2 Rowan Reno with W/D (Top Floor) - Image 3 ![]()
2x2 Rowan Reno with W/D (Top Floor) - Image 4 ![]()
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2x2 Rowan Reno with W/D (Top Floor) - Image 6 ![]()
2x2 Rowan Reno with W/D (Top Floor) - Image 7 ![]()
2x2 Rowan Reno with W/D (Top Floor) - Image 8 ![]()
2x2 Rowan Reno with W/D (Top Floor) - Image 9 ![]()
2x2 Rowan Reno with W/D (Top Floor) - Image 10 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
![]()
2x2 Rowan Reno with W/D (Top Floor) - Floorplan 11 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
![]()
2x2 Rowan Reno with W/D (Top Floor) - Floorplan 12 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
![]()
2x2 Rowan Reno with W/D (Top Floor) - Floorplan 13 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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2x2 Rowan Reno with W/D (Top Floor) - Floorplan 14 Apartment Unit: 410Apartment Model: 2x2 Rowan Reno with W/D (Top Floor)$2,0952 Bedroom, 2 Bath, 1029 sq ftAvailable April 15, 2026
Schedule a Tour
Property Information
- Renovated In Mar 2026
- 91 Units
- 4 Stories
- Built in 1977
- View Property Website
Lease Terms
- 12 mo
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.
Required Fees
Utilities
- Water/Sewer/GarbageiCharged per unit.Usage-Based/mo
Parking Info and Fees
- Parking Car PortiCarports: $35-$50 | Uncovered Parking: Free
- $50/Mo
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Features and Amenities
On-Site Services
- Public Transportation
- Video Patrol
Community Features
- Clubhouse
- Elevator
Recreation and Fitness
- Walking/Biking Trails
- Pool
Interior Features
- Balcony
- Storage Space
- Heating
- Ceiling Fans
- Fireplace
- Smoke Free
Kitchen Amenities
- Stainless Steel Appliances
Outdoor Features
- Patio
Map
- Shopping
- Colleges
- Grocery
- Medical
- Transportation
Map
Hours and Contact Info
| Monday | 9:00 am–5:00 pm |
| Tuesday | 9:00 am–5:00 pm |
| Wednesday | 9:00 am–5:00 pm |
| Thursday | 9:00 am–5:00 pm |
| Friday | 9:00 am–5:00 pm |
| Saturday | 9:00 am–5:00 pm |
| Sunday | Closed |
Frequently Asked Questions about Oak Terrace
Where is Oak Terrace located?
Oak Terrace is located at 42 Thunderbird Pky SW near the North Lakewood area of Lakewood, WA
What is the current rent range at Oak Terrace?
1 Bedroom to 2 Bedroom Apartments at Oak Terrace currently range from $1,325 to $2,095
When is the leasing office open?
- The office Hours for Oak Terrace are
- Monday 9:00 am–5:00 pm
- Tuesday 9:00 am–5:00 pm
- Wednesday 9:00 am–5:00 pm
- Thursday 9:00 am–5:00 pm
- Friday 9:00 am–5:00 pm
- Saturday 9:00 am–5:00 pm
- Sunday Closed
Are pets allowed?
Call us today to find out our pet policy and if we allow pets
Are there any rent specials?
The current rent special at Oak Terrace is: Special!~~**Lease Now and Receive 6 Weeks Free + a Mounted 55" TV**.
Renters Reviews and Ratings
Remodel
December 5, 2022Remodeling is nice but the water gets shut off multiple times a week for "emergencies" (sometimes without notification), washer and dryers barely work, inconvenient repairs without necessary requirements for those with health issues or disabled, staff barely communicate with one another and will charge you for things that were paid for already. The list goes on.... All that glitters isn't gold. It may look better on the outside and some newer apartments, but the issues are worse than with prior ...management.Property Manager Responded
February 1, 2023We have a plumber on-site one week per month for the reno units. Due to age of the building there are many repairs and plumbing part replacements required and we provide notice when there's a requirement to shut off the water. If you have any other concerns please reach out to us at info@omcwa.com and we will assist you further.
Read MoreReview from Apartments.com
Beautiful remodel
September 14, 2022Now, with the new manager, everything is cleaner and is new or remodeled. I love that they did work on the pool and that it was open this summer! The improvements keep popping up and they are really well done. The clubhouse is beautiful and cannot wait to have my kiddos party there.Property Manager Responded
January 25, 2023Thank you for taking the time to leave us such a good review! We love receiving positive feedback on our community and team members!
Review from Apartments.com
Nearby Schools
Hudtloff Middle School
Lakes High School
Custer Elementary School
Harrison Preparatory School
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from Oak Terrace.
Big Box and Retail
Walgreens
Albertsons
Walmart
Colleges and Universities
Pierce College Fort Steilacoom - Fort Steilacoom
Groceries
Albertsons
Safeway
Fred Meyer
Hospitals
St. Clare Hospital
Madigan Army Medical Center (Fort Lewis)
St. Joseph Medical Center
Military Bases
McChord Air Force Base
Camp Murray Washington
Shopping Centers
Oak Terrace has 5 shopping centers within 0.4 miles.
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Studio Apartments | $1,200 | $795 | $2,820 |
| Lakewood 1 Bedroom Apartments | $1,526 | $950 | $2,980 |
| Lakewood 2 Bedroom Apartments | $1,928 | $1,200 | $3,015 |
| Lakewood 3 Bedroom Apartments | $2,206 | $1,757 | $3,351 |
| Lakewood 4 Bedroom Apartments | $2,218 | $1,967 | $2,317 |
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