close
View Me
$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 (62 Rentals)
Search the lowest-cost Apartments available for rent right now in Lakewood.
close
View Me
close
View Me
$1,100 - $1,4501 to 2 Bedroom Apartments Available Now
The Crossings Apartments
6503 150th St SWLakewood, WA 98439
12906 Lake City Blvd SW
LakewoodWA98498
close
View Me
$1,150 - $1,1951 Bedroom Apartments Available Now
r45a Laurel Court
4702 108th St SWLakewood, WA 98499
close
View Me
$1,195 - $1,3951 to 2 Bedroom Apartments Available Now
Cascade Apartments
4425 Pacific St SWLakewood, WA 98499
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
1 to 2 Bedroom Apartments
4815-4901 115th Street Ct SW
4815-4901 115th Street Ct SWLakewood, WA 98499
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
5503 112th St SW
TacomaWA98499
close
View Me
close
View Me
$995 - $1,275Studio to 2 Bedroom Apartments Available Now
Indigo Apartments
8726-8736 S Hosmer StTacoma, WA 98444
close
View Me
Rent Specials
$1,025 - $1,245Studio to 2 Bedroom Apartments Available Now
The Theodore
8801 S Hosmer StTacoma, WA 98444
close
View Me
Rent Specials
$1,050 - $1,150Studio to 1 Bedroom Apartments Available Now
Cascade Ridge Apartments
8702 S Hosmer StTacoma, WA 98444
close
View Me
$1,090 - $1,655Studio to 2 Bedroom Apartments Available Now
The Village at SoTa
2325 S 96th StTacoma, WA 98444
close
View Me
close
View Me
Rent Specials
$1,1001 Bedroom Apartments Available Now
Ash Creek Apartments
1420 112th St STacoma, WA 98444
6415 Steilacoom Blvd SW
TacomaWA98499
close
View Me
Rent Specials
$1,140 - $1,170Studio Apartments Available Now
Safe Harbor Apartments
8820 S Hosmer StTacoma, WA 98444
close
View Me
$1,150 - $1,500Studio to 2 Bedroom Apartments Contact Us For Availability
Steilacoom Woods
2504 Woods DrSteilacoom, WA 98388
close
View Me
$1,175 - $2,265Studio to 3 Bedroom Apartments Available Now
Westmall Terrace Apartments
4720 S Pine StTacoma, WA 98409
close
View Me
$1,195 - $1,3001 to 2 Bedroom Apartments Available Now
Fort Steilacoom Apartments
205 Rigney RdSteilacoom, WA 98388
close
View Me
$1,195 - $1,6251 to 2 Bedroom Apartments Available Now
Westwood Apartments
3022 Steilacoom Blvd SWSteilacoom, WA 98388
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
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 | $1,185 | $860 | $1,699 |
| Cheap Lakewood 1 Bedroom Apartments | $1,492 | $925 | $2,050 |
| Cheap Lakewood 2 Bedroom Apartments | $1,858 | $1,200 | $4,135 |
| Cheap Lakewood 3 Bedroom Apartments | $2,267 | $1,700 | $2,950 |
| Cheap Lakewood 4 Bedroom Apartments | $2,450 | $2,450 | $2,450 |
Browse Top Apartments in Lakewood
See all Apartments in LakewoodExplore Lakewood
Lakewood, WA Local Guide
Written By:
Justin HabersaatEditing Staff
- Lakewood Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lakewood, WA
Pricing Updated: 09/21/2025Current apartment rentals in the Lakewood, WA area range in price from $860 to $3,500 with an overall median price of $2,286. The three Lakewood neighborhoods with the lowest median rent pricing are Tillicum at $995, South Lakes at $860, and Central Lakes at $1,150. 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 |
|---|---|---|---|
| Tillicum | $1,575 | $995 | 14 |
| South Lakes | $1,725 | $860 | 17 |
| Central Lakes | $2,099 | $1,150 | 20 |
| Pacific | $2,117 | $860 | 37 |
| Clover Park | $2,168 | $860 | 21 |
| Lakeview | $2,234 | $860 | 33 |
| Lakeview Tacoma | $2,234 | $860 | 32 |
| Northeast Lakewood | $2,375 | $995 | 57 |
| Clinton Park | $2,393 | $860 | 32 |
| Lake City | $2,393 | $860 | 81 |
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. White Stone Apartments in the South Tacoma 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 |
| White Stone Apartments | Studio, 1 bath | Studio,1BA | $995 |
| Indigo Apartments | Studio (S1) | Studio,1BA | $995 |
| The Theodore | Studio (A) | Studio,1BA | $1,025 |
| Freiday Apartments | 1BR/1.0BA | 1BR,1BA | $1,025 |
| Cascade Ridge Apartments | Studio | Studio,1BA | $1,050 |
| The Woodmark | 1 Bedroom / 1 Bathroom (C) | 1BR,1BA | $1,090 |
| The Crossings Apartments | 1 | 1BR,1BA | $1,100 |
| Ash Creek Apartments | 1x1 | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Lakewood, WA
As of September 21, 2025 the best value apartment in the Lakewood area is the $1.50 price per square foot 15422 Rose Rd SW Model at 15422 Rose Rd SW, Unit A in the in the North Fort Lewis neighborhood starting from $1,800. The second greatest value Lakewood apartment is the 2 Bed 1 Bath Renovated Model at Aladdin Townhomes starting at $1,700 with a $1.44 price per square foot in the South End 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. |
|---|---|---|---|
| 15422 Rose Rd SW, Unit A | 15422 Rose Rd SW | 2BR,1BA | $1.50 |
| Aladdin Townhomes | 2 Bed 1 Bath Renovated | 2BR,1BA | $1.44 |
| Mullen Cove Apartments | 2BD/2BA - 1,080 SQ FT | 2BR,2BA | $1.50 |
| Alta Apartments. | 1x1 | 1BR,1BA | $1.52 |
| Valley Vista | 2 BED 1 BATH | 2BR,1BA | $1.60 |
| Lakeshore Apartments | 1BD/1BA - 950 SQ FT | 1BR,1BA | $1.47 |
| The Village at SoTa | B1.3 | 2BR,1BA | $1.57 |
| Greenwood II Apartments | 2BR/1.0BA | 2BR,1BA | $1.44 |
| Bridgewood Estates Apartments | 2BR/1.0BA | 2BR,1BA | $1.56 |
| The Woodmark | 1 Bedroom / 1 Bathroom (C) | 1BR,1BA | $1.45 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the Lakewood area?
If you’re an expert on all things Lakewood, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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
Lake Louise Elementary School
Clover Park School District
Public School - Grades PK-5 (466)
7 out of 10
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
Getting Around Lakewood, WA
Walk Score®
57 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
51 / 100
Bikeable
Some bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,100.
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 $2,286.
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 42 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 $172 which is $2,114 cheaper than the average rent for all rentals in Lakewood.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.