Photos
- Income Restrictions
- 1–2 Bedrooms
- $1,334-$1,995 Pricing
- 680–1,029 Square Feet
Rent Specials
Special!~~**Lease Now and Receive 6 Weeks Free + a 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
- Listed by:
- Agency:
- Vendor Logo:
- Website:
- View Property Website
- Call Us:
- (253) 540-2117
- Disclaimer:
Floorplan Pricing and Availability
Oak Terrace offers 1 to 2 Bedroom apartments starting from $1,334 and having 680–1,029 sq ft. Here is the current pricing and availability:
Cost CalculatorEstimate your monthly and one-time fees
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 $1,395
1 Bed, 1 Bath, 680 sq ftAvailable NowModel Gallery
Floorplans
Photos
Availability Details
Price Availability Date Unit Sq Ft View Details $1,395 Available Now 121 680 $1,495 Available Now 114 680 Model Amenities and Features
Features
- Smoke Free
Model Rent and Fees
Model Price Range
- $1,395 - $1,495
Unit 121 Amenities and Features
Features
- Smoke Free
Unit 121 Rent and Fees
Unit Price
- $1,395
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,395 - $1,495
Unit 114 Amenities and Features
Features
- Smoke Free
Unit 114 Rent and Fees
Unit Price
- $1,495
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,395 - $1,495
Apartment Model: 1x1 Aspen Reno No W/DFrom $1,3951 Bedroom, 1 Bath, 680 sq ftAvailable NowFloorplansPhotos![]()
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1x1 Aspen Reno No W/D - Floorplan 2 Apartment Unit: 121Apartment Model: 1x1 Aspen Reno No W/D$1,3951 Bedroom, 1 Bath, 680 sq ftAvailable NowApartment Unit: 114Apartment Model: 1x1 Aspen Reno No W/D$1,4951 Bedroom, 1 Bath, 680 sq ftAvailable Now1x1 Aspen Reno with W/D
$1,575
1 Bed, 1 Bath, 680 sq ftAvailable NowModel Gallery
Floorplans
Photos
Availability Details
Price Availability Date Unit Sq Ft $1,575 Available Now 111 680 Model Amenities and Features
Features
- Balcony
- Ceiling Fans
- Fireplace
- Heating
- Smoke Free
- Storage Space
Kitchen
- Stainless Steel Appliances
Unit 111 Rent and Fees
Unit Price
- $1,575
View Details and Rent EstimateModel Rent and Fees
Price
- $1,575
Apartment Model: 1x1 Aspen Reno with W/D$1,5751 Bedroom, 1 Bath, 680 sq ftAvailable NowFloorplansPhotos![]()
1x1 Aspen Reno with W/D - Image 1 ![]()
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1x1 Aspen Reno with W/D - Floorplan 1 ![]()
1x1 Aspen Reno with W/D - Floorplan 2 Apartment Unit: 111Apartment Model: 1x1 Aspen Reno with W/D$1,5751 Bedroom, 1 Bath, 680 sq ftAvailable Now2 Bedrooms
2X1 Hawthorn Classic
From $1,334
2 Beds, 1 Bath, 865 sq ftAvailable NowCheapest 2 BedroomThis is the cheapest 2 Bedroom at this PropertyModel Gallery
Floorplans
Photos
Availability Details
Price Availability Date Unit Sq Ft View Details $1,334 Available Now 202 865 $1,595 Available Now 117 865 Model Amenities and Features
Features
- Smoke Free
Model Rent and Fees
Model Price Range
- $1,334 - $1,595
Unit 202 Amenities and Features
Features
- Smoke Free
Unit 202 Rent and Fees
Unit Price
- $1,334
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,334 - $1,595
Unit 117 Amenities and Features
Features
- Smoke Free
Unit 117 Rent and Fees
Unit Price
- $1,595
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,334 - $1,595
Apartment Model: 2X1 Hawthorn ClassicFrom $1,3342 Bedroom, 1 Bath, 865 sq ftAvailable NowFloorplansPhotos![]()
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2X1 Hawthorn Classic - Floorplan Apartment Unit: 202Apartment Model: 2X1 Hawthorn Classic$1,3342 Bedroom, 1 Bath, 865 sq ftAvailable NowApartment Unit: 117Apartment Model: 2X1 Hawthorn Classic$1,5952 Bedroom, 1 Bath, 865 sq ftAvailable Now2x1 Hawthorn Reno with W/D
From $1,571
2 Beds, 1 Bath, 865 sq ftAvailable NowModel Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft View Details $1,571 Available Now 105 865 $1,895 Available Now 210 865 Model Amenities and Features
Features
- Balcony
- Ceiling Fans
- Fireplace
- Heating
- Smoke Free
- Storage Space
Kitchen
- Stainless Steel Appliances
Model Rent and Fees
Model Price Range
- $1,571 - $1,895
Unit 105 Rent and Fees
Unit Price
- $1,571
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,571 - $1,895
Unit 210 Rent and Fees
Unit Price
- $1,895
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,571 - $1,895
Apartment Model: 2x1 Hawthorn Reno with W/DFrom $1,5712 Bedroom, 1 Bath, 865 sq ftAvailable Now![]()
2x1 Hawthorn Reno with W/D - Floorplan Apartment Unit: 105Apartment Model: 2x1 Hawthorn Reno with W/D$1,5712 Bedroom, 1 Bath, 865 sq ftAvailable NowApartment Unit: 210Apartment Model: 2x1 Hawthorn Reno with W/D$1,8952 Bedroom, 1 Bath, 865 sq ftAvailable Now2X1 Hawthorn Classic Partial Reno
$1,695
2 Beds, 1 Bath, 865 sq ftAvailable NowModel Gallery
Floorplans
Photos
Availability Details
Price Availability Date Unit Sq Ft $1,695 Available Now 102 865 Unit 102 Amenities and Features
Features
- Smoke Free
Unit 102 Rent and Fees
Unit Price
- $1,695
View Details and Rent EstimateModel Rent and Fees
Price
- $1,695
Apartment Model: 2X1 Hawthorn Classic Partial Reno$1,6952 Bedroom, 1 Bath, 865 sq ftAvailable NowFloorplansPhotos![]()
2X1 Hawthorn Classic Partial Reno - Image 1 ![]()
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2X1 Hawthorn Classic Partial Reno - Floorplan Apartment Unit: 102Apartment Model: 2X1 Hawthorn Classic Partial Reno$1,6952 Bedroom, 1 Bath, 865 sq ftAvailable Now2x2 Rowan Reno with W/D
$1,995
2 Beds, 2 Baths, 1029 sq ftAvailable NowLargest 2 BedroomThis is the largest 2 Bedroom at this PropertyModel Gallery
Floorplans
Photos
Availability Details
Price Availability Date Unit Sq Ft $1,995 Available Now 320 1029 Model Amenities and Features
Features
- Balcony
- Ceiling Fans
- Fireplace
- Heating
- Smoke Free
- Storage Space
Kitchen
- Stainless Steel Appliances
Unit 320 Rent and Fees
Unit Price
- $1,995
View Details and Rent EstimateModel Rent and Fees
Price
- $1,995
Apartment Model: 2x2 Rowan Reno with W/D$1,9952 Bedroom, 2 Bath, 1029 sq ftAvailable NowFloorplansPhotos![]()
2x2 Rowan Reno with W/D - Image 1 ![]()
2x2 Rowan Reno with W/D - Image 2 ![]()
2x2 Rowan Reno with W/D - Image 3 ![]()
2x2 Rowan Reno with W/D - Floorplan 1 ![]()
2x2 Rowan Reno with W/D - Floorplan 2 Apartment Unit: 320Apartment Model: 2x2 Rowan Reno with W/D$1,9952 Bedroom, 2 Bath, 1029 sq ftAvailable Now
Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.
Schedule a Tour
Call us at: (253) 540-2117 to schedule a tour.
Property Information
- Renovated In Apr 2026
- 91 Units
- 4 Stories
- Built in 1977
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
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
42 Thunderbird Pky SW, Lakewood, WA 98498
- Shopping
- Colleges
- Grocery
- Medical
- Transportation
Map
Hours and Contact Info
Call Us - Open Now!
Currently Closed
By Appointment
| 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 $1,334 to $1,995
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 55" TV**.
Lifestyle Ratings
Learn more about Lifestyle SearchRenters 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
Clover Park School District
8102 Phillips Road Southwest
Public School - Grades 6-8 (627 Students)
In Attendance Zone1 minute drive / 0.2 miles away
Custer Elementary School
Clover Park School District
7801 Steilacoom Boulevard Southwest
Public School - Grades PK-5 (299 Students)
In Attendance Zone1 minute drive / 0.2 miles away
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.
About GreatSchools Data on ApartmentHomeLiving.com.
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from Oak Terrace.
Big Box and Retail
Walgreens
8224 Steilacom Blvd SW
1 minute drive / 0.33 miles away
Albertsons
8611 Steilacoom SW
1 minute drive / 0.57 miles away
Walmart
7001 Bridgeport Way W
4 minute drive / 1.44 miles away
Colleges and Universities
Pierce College Fort Steilacoom - Fort Steilacoom
9401 Farwest Drive SW
4 minute drive / 1.56 miles away
Groceries
Albertsons
8611 Steilacoom SW
1 minute drive / 0.57 miles away
Safeway
10223 Gravelly Lake Dr SW
4 minute drive / 1.5 miles away
Fred Meyer
6901 S 19th St
9 minute drive / 4.46 miles away
Hospitals
Military Bases
McChord Air Force Base
8 minute drive / 4.19 miles away
Camp Murray Washington
9 minute drive / 4.44 miles away
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 | $1,210 | $995 | $2,699 |
| Lakewood 1 Bedroom Apartments | $1,566 | $950 | $2,915 |
| Lakewood 2 Bedroom Apartments | $1,965 | $1,200 | $3,015 |
| Lakewood 3 Bedroom Apartments | $2,259 | $1,350 | $3,381 |
| Lakewood 4 Bedroom Apartments | $2,268 | $1,976 | $2,317 |
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Viewing: Oak Terrace | Desktop Version | Listing Updated: 04/20/2026 | AHLSLV