Cheap Apartments for Rent in the Central Lakes Neighborhood of Lakewood, WA from $1,000 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Lakes area of Lakewood.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Garden Square
1 Bedroom Apartments

Garden Square

8616 Hipkins Rd SWLakewood, WA 98498
  • Utilities Included
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American Lake Townhomes
1 to 2 Bedroom Apartments

American Lake Townhomes

12506 98th Avenue Ct SWLakewood, WA 98498
  • Utilities Included
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Washington Terrace
1 to 2 Bedroom Apartments

Washington Terrace

7920 Washington Blvd SWLakewood, WA 98498
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Edgewood Apartments
1 to 2 Bedroom Apartments

Edgewood Apartments

12211 Edgewood Ave SWLakewood, WA 98498

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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Arbor Pointe
1 to 3 Bedroom Apartments

Arbor Pointe

11432 105th Ave SWLakewood, WA 98498
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Harbor Oaks
1 to 3 Bedroom Apartments

Harbor Oaks

97 Byrd DrSteilacoom, WA 98388

Cash 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.

Central Lakes, Lakewood, WA Local Guide

Cheapest Available Central Lakes Apartments for Rent

 

The cheapest available apartment rental in the Central Lakes area of Lakewood, WA is a 1 Bed unit found at Westwood Apartments priced from $1,225. Hunters Glen Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,255. Here are the most affordable Central Lakes apartments for rent in Lakewood, WA:

Apartment ListingModel NameBed/BathPriced From
Westwood ApartmentsOne Bedroom One Bath1BR,1BA$1,225
Hunters Glen ApartmentsDeluxe1BR,1BA$1,255
Fort Steilacoom Apartments2 bedroom2BR,1BA$1,390
Timberwood Court2BR2BR,1BA$1,495
Edgewood ApartmentsEdgewood 2x12BR,1BA$1,595

Best Value Apartments for Rent in Central Lakes, WA

As of June 18, 2026 the best value apartment in the Central Lakes area is the $1.82 price per square foot 3 Beds 1 Bath Model at Harbor Oaks in the in the Lake City neighborhood starting from $2,045. The second greatest value Central Lakes apartment is the 3BR2 Model at Timberwood Court starting at $1,995 with a $2.01 price per square foot in the Lake City neighborhood. Here is today’s list of the best values for Central Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Harbor Oaks3 Beds 1 Bath3BR,1BA$1.82
Timberwood Court3BR23BR,2BA$2.01
602-24 Copperstone TownhomesNew Construction Units Type A larger LR all 866...2BR,2BA$2.07
Fort Steilacoom Apartments2 bedroom2BR,1BA$1.83
Edgewood ApartmentsEdgewood 2x12BR,1BA$2.20
Westwood ApartmentsOne Bedroom One Bath1BR,1BA$1.88
Hunters Glen ApartmentsStandard1BR,1BA$2.08

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Central Lakes, Lakewood, WA

Ranked #10

Among cities in Washington for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Central Lakes Apartments

How much is rent for a Cheap One Bedroom Central Lakes Apartment?

The lowest price for a Cheap One Bedroom Central Lakes Apartment is $1,225 at Westwood Apartments.

What is the lowest price for a Cheap Two Bedroom Central Lakes Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central Lakes is starting from $1,390 at Fort Steilacoom Apartments.

What is the most affordable Central Lakes Three Bedroom Apartment?

The best deal on a cheap Central Lakes Three Bedroom Apartment rental is at Timberwood Court and starts from $1,795.

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.