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$995 - $1,3001 to 2 Bedroom Apartments Available Now
Western Terrace
7310 150th St SWLakewood, WA 98439
Cheap Apartments for Rent in Lakewood, WA from $500 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in Lakewood.
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$1,0951 Bedroom Apartments Available Now
r45a Laurel Court
4702 108th St SWLakewood, WA 98499
8405-8407 84th St SW
LakewoodWA98498
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Rent Specials
$1,099 - $1,4251 to 2 Bedroom Apartments Available Now
The Crossings Apartments
6503 150th St SWLakewood, WA 98439
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1 Bedroom Apartments
14510 Washington Ave SW
14510 Washington Ave SWLakewood, WA 98498
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1 to 2 Bedroom Apartments
Emerald Village
5610 Boston Ave SWLakewood, WA 98499
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1 to 2 Bedroom Apartments
Lincoln Court Apartments
12908-12918 Lincoln Ave SWLakewood, WA 98499
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1 to 4 Bedroom Apartments
The Village At Oak Meadows
7127 150th St SWLakewood, WA 98439
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1 to 2 Bedroom Apartments
LaDobe Apartments
4711-4801 121st St SWLakewood, WA 98499
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Studio to 2 Bedroom Apartments
Grand Cedars
5226-5230 Chicago AveLakewood, WA 98499
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1 to 2 Bedroom Apartments
Maple Court Apartments
4809 122nd St SWLakewood, WA 98499
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1 Bedroom Apartments
Brickyard Apartments
4610-4614 113th St SWLakewood, WA 98499
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1 to 2 Bedroom Apartments
Lakewood Tudor Haus
5310 McChord Dr SWLakewood, WA 98499
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1 Bedroom Apartments
Garden Square
8616 Hipkins Rd SWLakewood, WA 98498
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Studio to 3 Bedroom Apartments
Hawaiian Village North
40 Thunderbird Pky SWLakewood, WA 98498
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Studio Apartments
Meadows Apartments
7702 Custer Rd WLakewood, WA 98499
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1 to 2 Bedroom Apartments
Village Square
10810 Lakeview Ave SWLakewood, WA 98499
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1 to 3 Bedroom Apartments
Villaire Apartments
7619 Burgess St WLakewood, WA 98499
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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1 to 3 Bedroom Apartments
Freiday Apartments
10915 Freiday St SWLakewood, WA 98499
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1 to 2 Bedroom Apartments
10607 Kendrick St SW
10607 Kendrick St SWLakewood, WA 98499
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1 Bedroom Apartments
Twin Oaks
4801 115th Street Ct SWLakewood, WA 98499
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1 to 2 Bedroom Apartments
4815-4901 115th Street Ct SW
4815-4901 115th Street Ct SWLakewood, WA 98499
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$950
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1 Bedroom Apartment Available NowTotal Monthly Price
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$950
Total Monthly Price
$950
12615 47th Ave SW, Unit #15
12615 47th Ave SWTacoma, WA 98499
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$995 - $1,195Studio to 2 Bedroom Apartments Available Now
The Theodore
8801 S Hosmer StTacoma, WA 98444
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$995 - $1,170Studio Apartments Available Now
White Rock Apartments
5416 S M StTacoma, WA 98408
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$999Studio Apartments Available Now
Indigo Apartments
8726-8736 S Hosmer StTacoma, WA 98444
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$1,020 - $1,405Studio to 1 Bedroom Apartments Available Now
Thea Apartments
7414 S Hosmer StTacoma, WA 98408
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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$1,060 - $1,165Studio to 1 Bedroom Apartments Available Now
Cascade Ridge Apartments
8702 S Hosmer StTacoma, WA 98444
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$1,070 - $1,150Studio Apartments Available Now
Safe Harbor Apartments
8820 S Hosmer StTacoma, WA 98444
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$1,0751 Bedroom Apartments Contact Us For Availability
Ash Creek Apartments
1420 112th St STacoma, WA 98444
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$1,090 - $1,825Studio to 2 Bedroom Apartments Available Now
The Village at SoTa
2325 S 96th StTacoma, WA 98444
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$1,090 - $1,225
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,090 - $1,225
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The Woodmark
2425 S 96th StTacoma, WA 98444
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$1,100 - $1,585Studio to 2 Bedroom Apartments Available Apr 28
Steilacoom Woods
2504 Woods DrSteilacoom, WA 98388
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2 to 4 Bedroom Apartments
Orchard Heights Apartments
4901 S 56th StTacoma, WA 98409
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1 to 4 Bedroom Apartments
Oak Trace Apartments
7419 S Verde StTacoma, WA 98409
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1 to 2 Bedroom Apartments
Manitou Park
4215 S 66th StTacoma, WA 98409
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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1 to 2 Bedroom Apartments
Three Oaks Apartments
3015 96th St STacoma, WA 98499
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1 Bedroom Apartments
Fairway Heights Apartments
6201 Lakewood DrUniversity Place, WA 98467
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1 to 2 Bedroom Apartments
Pacifica South Apartments
230 S 80th StTacoma, WA 98408
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1 to 2 Bedroom Apartments
Fairway View
6611 Lakewood Dr WUniversity Place, WA 98467
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Studio to 2 Bedroom Apartments
Sandman III
2001 106th St STacoma, WA 98444
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1 to 3 Bedroom Apartments
Fircrest Wellington Apartments
1303 Mar Vista DrFircrest, WA 98466
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2 to 3 Bedroom Apartments
Bergerson Terrace
5301 Orchard St WUniversity Place, WA 98467
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1 to 3 Bedroom Apartments
Boulder Park
7523 44th St WUniversity Place, WA 98466
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2 Bedroom Apartments
Cedar Crest Apartments
1754-1762 108th St STacoma, WA 98444
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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1 Bedroom Apartments
Oaks West Apartments
4503-4543 McChord Dr SWTacoma, WA 98499
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1 Bedroom Apartments
Landing on Lincoln
12809 Lincoln Ave SWTacoma, WA 98499
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Lakewood, WA Local Guide
Sunrise over Mt. Rainier in Lakewood by Razvan Orendovici is licensed under CC BY 2.0
How much does it cost to rent an apartment in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lakewood Studio Apartments | $1,207 | $850 | $2,820 |
| Cheap Lakewood 1 Bedroom Apartments | $1,627 | $950 | $2,980 |
| Cheap Lakewood 2 Bedroom Apartments | $2,002 | $1,200 | $3,015 |
| Cheap Lakewood 3 Bedroom Apartments | $2,340 | $1,757 | $3,275 |
| Cheap Lakewood 4 Bedroom Apartments | $2,218 | $1,967 | $2,317 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Lakewood
See all Apartments in LakewoodExplore Lakewood
Lakewood, WA Local Guide
Written By:
Justin HabersaatEditing Staff
- Lakewood Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Lakewood, WA
Pricing Updated: 03/14/2026Current apartment rentals in the Lakewood, WA area range in price from $850 to $3,275 with an overall median price of $2,290. The three Lakewood neighborhoods with the lowest median rent pricing are South Lakes at $995, Tillicum at $995, and Central Lakes at $1,095. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lakewood Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| South Lakes | $1,895 | $995 | 16 |
| Tillicum | $1,895 | $995 | 15 |
| Central Lakes | $2,045 | $1,095 | 19 |
| Clinton Park | $2,274 | $1,238 | 34 |
| Clover Park | $2,317 | $1,095 | 9 |
| Lakeview | $2,317 | $850 | 23 |
| Lakeview Tacoma | $2,317 | $850 | 19 |
| Pacific | $2,317 | $850 | 26 |
| Custer | $2,349 | $1,225 | 29 |
| Interlaken | $2,349 | $1,225 | 40 |
Cheapest Available Lakewood Apartments for Rent
The cheapest available apartment rental in Lakewood, WA is a 1 Bed unit found at Western Terrace in the North Fort Lewis neighborhood priced from $995. The Theodore in the South End neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here is today’s list of the most affordable Lakewood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Western Terrace | One Bedroom One Bath | 1BR,1BA | $995 |
| The Theodore | Studio (A) | Studio,1BA | $995 |
| Indigo Apartments | I.Stu.s1 | Studio,1BA | $999 |
| Cascade Ridge Apartments | Studio | Studio,1BA | $1,060 |
| Freiday Apartments | 1BR/1.0BA | 1BR,1BA | $1,065 |
| Safe Harbor Apartments | Studio (ADA) | Studio,1BA | $1,070 |
| Thea Apartments | Studio (M) | Studio,1BA | $1,070 |
| The Woodmark | 1 Bedroom / 1 Bathroom (C) | 1BR,1BA | $1,090 |
| r45a Laurel Court | 1BR/1.0BA | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Lakewood, WA
As of March 14, 2026 the best value apartment in the Lakewood area is the $1.51 price per square foot 5BD/1.75BA - 2,189 SQ FT Model at Lakeshore Apartments in the in the Midland neighborhood starting from $3,295. The second greatest value Lakewood apartment is the 3x2 Model at Alta Apartments. starting at $1,900 with a $1.46 price per square foot in the Midland neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lakeshore Apartments | 5BD/1.75BA - 2,189 SQ FT | 5BR,2BA | $1.51 |
| Alta Apartments. | 3x2 | 3BR,2BA | $1.46 |
| Aladdin Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.44 |
| Blue Bird Apartments | 2BD/1.75BA - 1,080 SQ FT | 2BR,2BA | $1.57 |
| Mullen Cove Apartments | 2BD/1BA - 1,070 SQ FT | 2BR,1BA | $1.49 |
| Sunset View | 2x1 Renovated | 2BR,1BA | $1.65 |
| Hillside Glen Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.72 |
| Hidden Lake Apartments | 2x1 | 2BR,1BA | $1.67 |
| Aero Apartments | Altitude | 2BR,1BA | $1.68 |
| The Woodmark | 1 Bedroom / 1 Bathroom (C) | 1BR,1BA | $1.45 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Lakewood Overview
The aptly named Lakewood is comprised of a budding population of just over 50,000 souls, complete with plenty of natural beauty. A close drive from Tacoma and a number of other Washington cities, this 'little big town' has heart and charm to spare.
Why live in Lakewood, WA?
Home to both the Clover Park Techincal School as well as Pierce College, Lakewood is an ideal spot to live for anyone pursuing higher education. The Western State Hospital remains a steady source of local employement as well, and the area's bounty of lakes and hiking trails makes a Lakewood rental pitch-perfect for those who enjoy the great outdoors.
Best Local Schools in Lakewood, WA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lakewood, WA Rentals by Map
See the most popular apartments and homes in Lakewood, WA
Frequently Asked Questions about Cheap Lakewood Apartments
What is a cheap apartment in Lakewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood is under $1,095.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is Western Terrace which is listed at $995, while the average apartment in Lakewood costs $2,290.
What types of apartments are the cheapest in Lakewood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 56 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lakewood?
Cheap apartments in Lakewood have an average cost of $603 which is $1,687 cheaper than the average rent for all rentals in Lakewood.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.