
Cheap Homes for Rent in Central Lakes Neighborhood of Lakewood, WA from $900 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Lakes area of Lakewood.


8115 121st St SW
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.

8728 Frances Folsom St SW

9820 Veterans Dr SW, Unit 9822
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.
Central Lakes, Lakewood, WA Local Guide

How much does it cost to rent a home in Central Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Lakes 2 Bedroom Homes for Rent | $2,315 | $1,800 | $2,750 |
| Central Lakes 3 Bedroom Homes for Rent | $2,445 | $2,395 | $2,545 |
| Central Lakes 4 Bedroom Homes for Rent | $3,148 | $2,695 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Central Lakes Neighborhood of Lakewood, WA.
Explore Lakewood
Central Lakes, Lakewood, WA Local Guide
- Nearby Lakewood neighborhoods
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Best Value Apartments for Rent in Central Lakes, WA
As of July 08, 2026 the best value apartment in the Central Lakes area is the $1.92 price per square foot 3 Bed 2 Bath H Model at Arbor Pointe in the in the Lake City neighborhood starting from $2,299. The second greatest value Central Lakes apartment is the 3 Beds 1 Bath Model at Harbor Oaks starting at $2,119 with a $1.88 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. |
|---|---|---|---|
| Arbor Pointe | 3 Bed 2 Bath H | 3BR,2BA | $1.92 |
| Harbor Oaks | 3 Beds 1 Bath | 3BR,1BA | $1.88 |
| Timberwood Court | 3BR2 | 3BR,2BA | $2.01 |
| 602-24 Copperstone Townhomes | 2BR/2.0BA | 2BR,2BA | $2.53 |
| Fort Steilacoom Apartments | 2 bedroom | 2BR,1BA | $1.84 |
| 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
Lake Louise Elementary School
School data provided by Great Schools
Frequently Asked Questions about Central Lakes
What type of rentals are currently available in Central Lakes?
There are currently 69 Apartments for Rent in Central Lakes, WA with pricing that ranges from $1,225 to $4,200. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Lakes ranging from $900 to $3,500.
What is the current price range for Rental Homes in Central Lakes?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Lakes ranges from $900 to $3,500 with an average monthly rent of $2,339.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.