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Special!!~~**Look & Lease Today and Receive a $500 Gift Card! Move into a vacant home by 09/10 and enjoy 1 Month Free ** (Select Units) Terms & Restrictions Apply. Minimum Lease Term Applies. Other Costs & Fees Excluded
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
| 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 |
Oak Terrace offers 1 to 2 Bedroom apartments starting from $1,545 and having 680–975 sq ft. Here is the current pricing and availability:
| Price | Availability Date | Unit | Sq Ft | View Details | |
|---|---|---|---|---|---|
| $1,545 | Available Now | 119 | 680 | ||
| $1,545 | Available Now | 221 | 680 |
| Price | Availability Date | Unit | Sq Ft | Photos | |
|---|---|---|---|---|---|
| $1,695 | Available Now | 107 | 865 |
| Price | Availability Date | Unit | Sq Ft | |
|---|---|---|---|---|
| $1,745 | Available Now | 118 | 865 |
| Price | Availability Date | Unit | Sq Ft | View Details | |
|---|---|---|---|---|---|
| $1,895 | Available Now | 219 | 865 | ||
| $1,945 | October 15, 2026 | 208 | 865 |
| Price | Availability Date | Unit | Sq Ft | |
|---|---|---|---|---|
| $1,915 | Available Now | 209 | 975 |
| Price | Availability Date | Unit | Sq Ft | |
|---|---|---|---|---|
| $1,845 | September 12, 2026 | 214 | 865 |
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.
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.
detailsOak Terrace is located at 42 Thunderbird Pky SW near the North Lakewood area of Lakewood, WA
1 Bedroom to 2 Bedroom Apartments at Oak Terrace currently range from $1,545 to $1,945
Call us today to find out our pet policy and if we allow pets
The current rent special at Oak Terrace is: Special!!~~**Look & Lease Today and Receive a $500 Gift Card! Move into a vacant home by 09/10 and enjoy 1 Month Free ** (Select Units) Terms & Restrictions Apply. Minimum Lease Term Applies. Other Costs & Fees Excluded.
Time and distance from Oak Terrace.
Oak Terrace has 5 shopping centers within 0.4 miles.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Studio Apartments | $1,203 | $895 | $2,159 |
| Lakewood 1 Bedroom Apartments | $1,535 | $700 | $2,894 |
| Lakewood 2 Bedroom Apartments | $1,924 | $1,245 | $3,480 |
| Lakewood 3 Bedroom Apartments | $2,435 | $1,795 | $3,597 |
| Lakewood 4 Bedroom Apartments | $2,396 | $2,088 | $2,448 |
| 2 Bedroom Homes | $1,980 | $1,450 | $2,800 |
| 3 Bedroom Homes | $2,660 | $2,050 | $3,380 |
| 4 Bedroom Homes | $3,270 | $2,900 | $3,800 |
| 5 Bedroom Homes | $3,545 | $3,545 | $3,545 |
| 6 Bedroom Homes | $850 | $850 | $850 |
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