Cheap Apartments for Rent in the Central Lakes Neighborhood of Lakewood, WA from $900 (12 Rentals)

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

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American Lake Townhomes
1 to 2 Bedroom Apartments

American Lake Townhomes

12506 98th Avenue Ct SWLakewood, WA 98498
  • Utilities Included

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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Garden Square
1 Bedroom Apartments

Garden Square

8616 Hipkins Rd SWLakewood, WA 98498
  • Utilities Included
property at 9006 105 Ave SW

9006 105 Ave SW

LakewoodWA98498

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.

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 Morningtree Park priced from $1,185. McChord Tudor Haus has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,225. Here are the most affordable Central Lakes apartments for rent in Lakewood, WA:

Apartment ListingModel NameBed/BathPriced From
Morningtree Park1B 1B Small1BR,1BA$1,185
McChord Tudor Haus2BR/1.0BA2BR,1BA$1,225
Swan Grove ApartmentsThe BlakelyStudio,1BA$1,282
Westwood ApartmentsOne Bedroom One Bath1BR,1BA$1,295
Arbor Pointe1 Bed 1 Bath A1BR,1BA$1,438

Best Value Apartments for Rent in Central Lakes, WA

As of May 28, 2025 the best value apartment in the Central Lakes area is the $2.09 price per square foot 2x1 Model at The Harrison Apartment Homes in the in the Lake City neighborhood starting from $1,763. The second greatest value Central Lakes apartment is the Two Bedroom One Bath Model at Westwood Apartments starting at $1,525 with a $2.03 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.
The Harrison Apartment Homes2x12BR,1BA$2.09
Westwood ApartmentsTwo Bedroom One Bath2BR,1BA$2.03
McChord Tudor Haus2BR/1.0BA2BR,1BA$1.88
Arbor Pointe1 Bed 1 Bath A1BR,1BA$2.34
Park West1 Bed / 1 Bath1BR,1BA$2.57
Morningtree Park1B 1B Small1BR,1BA$2.47
Swan Grove ApartmentsThe BlakelyStudio ,1BA$3.73

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Central Lakes, Lakewood, WA

Ranked #14

Among neighborhoods in Lakewood, WA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Central Lakes Neighborhood in Lakewood, WA

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Central Lakes Apartments

What is the Cheapest Studio apartment in Central Lakes?

Currently the most affordable Cheap Studio Apartment in Central Lakes is at Swan Grove Apartments listed at $1,282.

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

The lowest price for a Cheap One Bedroom Central Lakes Apartment is $1,185 at Morningtree Park.

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 $1,225 at McChord Tudor Haus.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.