
Cheap Apartments for Rent in the Central Lakes Neighborhood of Lakewood, WA from $1,000 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Lakes area of Lakewood.


Hunters Glen Apartments

12020 Edgewood Ave SW

Clover Creek Manor Apartments

602-24 Copperstone Townhomes

Lost Lake Forest Apartments

Lawndale Town Homes
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.

123 Lake Louise Dr SW

Garden Square

American Lake Townhomes

Washington Terrace

Gravelly Lake Townhomes

Edgewood Apartments

The Harrison Apartment Homes
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.

Arbor Pointe

Westwood Apartments

Fort Steilacoom Apartments

9222 117th St SW

Timberwood Court

Harbor Oaks

Windemere Apartments
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.

8728 Frances Folsom St SW
Central Lakes, Lakewood, WA Local Guide

How much does it cost to rent an apartment in Central Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Lakes 1 Bedroom Apartments | $1,323 | $1,225 | $1,550 |
| Central Lakes 2 Bedroom Apartments | $1,721 | $1,390 | $2,195 |
| Central Lakes 3 Bedroom Apartments | $2,380 | $1,795 | $4,200 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Central Lakes Neighborhood of Lakewood, WA.
See all Apartments in LakewoodExplore Lakewood
Central Lakes, Lakewood, WA Local Guide
- Nearby Lakewood neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Westwood Apartments | One Bedroom One Bath | 1BR,1BA | $1,225 |
| Hunters Glen Apartments | Deluxe | 1BR,1BA | $1,255 |
| Fort Steilacoom Apartments | 2 bedroom | 2BR,1BA | $1,390 |
| Timberwood Court | 2BR | 2BR,1BA | $1,495 |
| Edgewood Apartments | Edgewood 2x1 | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Harbor Oaks | 3 Beds 1 Bath | 3BR,1BA | $1.82 |
| Timberwood Court | 3BR2 | 3BR,2BA | $2.01 |
| 602-24 Copperstone Townhomes | New Construction Units Type A larger LR all 866... | 2BR,2BA | $2.07 |
| Fort Steilacoom Apartments | 2 bedroom | 2BR,1BA | $1.83 |
| Edgewood Apartments | Edgewood 2x1 | 2BR,1BA | $2.20 |
| Westwood Apartments | One Bedroom One Bath | 1BR,1BA | $1.88 |
| Hunters Glen Apartments | Standard | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleCentral Lakes, Lakewood, WA
Ranked #10
Among cities in Washington for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Central Lakes, Lakewood, WA
School data provided by Great Schools
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

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.

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.

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.

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.