Cheap Apartments for Rent in the Central Lakes Neighborhood of Lakewood, WA from $900 (8 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
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Garden Square
1 Bedroom Apartments

Garden Square

8616 Hipkins Rd SWLakewood, WA 98498
  • Utilities Included

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 Fort Steilacoom Apartments priced from $1,195. Westwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here are the most affordable Central Lakes apartments for rent in Lakewood, WA:

Apartment ListingModel NameBed/BathPriced From
Fort Steilacoom Apartments1 Bedroom1BR,1BA$1,195
Westwood ApartmentsOne Bedroom One Bath1BR,1BA$1,295
Hunters Glen ApartmentsStandard1BR,1BA$1,325

Best Value Apartments for Rent in Central Lakes, WA

As of November 16, 2025 the best value apartment in the Central Lakes area is the $1.89 price per square foot 2BR Model at Timberwood Court in the in the Lake City neighborhood starting from $1,750. The second greatest value Central Lakes apartment is the Standard Model at Hunters Glen Apartments starting at $1,735 with a $2.18 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.
Timberwood Court2BR2BR,1BA$1.89
Hunters Glen ApartmentsStandard2BR,1BA$2.18
Westwood ApartmentsTwo Bedroom One Bath2BR,1BA$2.03
Harbor Oaks1 Bed 1 Bath1BR,1BA$2.06
Edgewood ApartmentsEdgewood 2x12BR,1BA$2.34
Fort Steilacoom Apartments1 Bedroom1BR,1BA$1.87

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Central Lakes, Lakewood, WA

Ranked #11

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

Pet Friendliness Lifestyle Score

3.5
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

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

The lowest price for a Cheap One Bedroom Central Lakes Apartment is $1,195 at Fort Steilacoom 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 $1,525 at Westwood Apartments.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.