402 E 91st St
TacomaWA98445
Cheap Homes for Rent in Lakewood, WA from $700 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Lakewood.
11002 Lundstrom Dr SW
TacomaWA98498
415 124th St S
ParklandWA98444
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
5021 59th Ave Ct W
University PlaceWA98466
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1405 104th St S
TacomaWA98444
6410 S Prospect St
TacomaWA98409
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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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6717 150th St SW
LakewoodWA98439
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from $1,8002 Bedroom Apartments Available Jul 1
9820 Veterans Dr SW
9820 Veterans Dr SWTacoma, WA 98498
8432 S 18th St
TacomaWA98465
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.
8325 Cirque Dr W
University PlaceWA98467
1809 116th St S
TacomaWA98444
123 Lake Louise Dr SW
LakewoodWA98498
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Lakewood, WA Local Guide
Sunrise over Mt. Rainier in Lakewood by Razvan Orendovici is licensed under CC BY 2.0
How much does it cost to rent a home in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood 2 Bedroom Homes for Rent | $2,112 | $1,700 | $2,600 |
| Lakewood 3 Bedroom Homes for Rent | $2,829 | $2,100 | $3,799 |
| Lakewood 4 Bedroom Homes for Rent | $3,027 | $2,495 | $3,950 |
Browse Top Homes for Rent in Lakewood
Explore Lakewood
Lakewood, WA Local Guide
- Lakewood Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lakewood, WA
Pricing Updated: 06/07/2025Current apartment rentals in the Lakewood, WA area range in price from $850 to $3,395 with an overall median price of $2,688. The three Lakewood neighborhoods with the lowest median rent pricing are South Lakes at $995, Tillicum at $995, and Northeast Lakewood at $995. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lakewood Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| South Lakes | $2,199 | $995 | 37 |
| Tillicum | $2,200 | $995 | 23 |
| Northeast Lakewood | $2,303 | $995 | 85 |
| Lakeview Tacoma | $2,313 | $1,090 | 80 |
| Pacific | $2,313 | $1,090 | 126 |
| Central Lakes | $2,420 | $850 | 60 |
| Clinton Park | $2,440 | $1,095 | 58 |
| Clover Park | $2,440 | $1,100 | 64 |
| Lakeview | $2,440 | $1,090 | 81 |
| Lake Louise | $2,487 | $925 | 56 |
Cheapest Available Lakewood Apartments for Rent
The cheapest available apartment rental in Lakewood, WA is a 1 Bed unit found at Western Terrace in the North Fort Lewis neighborhood priced from $995. Indigo Apartments in the South End neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here is today’s list of the most affordable Lakewood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Western Terrace | One Bedroom One Bath | 1BR,1BA | $995 |
| Indigo Apartments | Studio (S1) | Studio,1BA | $995 |
| Safe Harbor Apartments | Studio | Studio,1BA | $995 |
| Ash Creek Apartments | 0x1 | Studio,1BA | $1,000 |
| Cascade Ridge Apartments | Studio | Studio,1BA | $1,050 |
Best Value Apartments for Rent in Lakewood, WA
As of June 07, 2025 the best value apartment in the Lakewood area is the $1.14 price per square foot 15422 Rose Rd SW Model at 15422 Rose Rd SW, Unit C in the in the North Fort Lewis neighborhood starting from $2,300. The second greatest value Lakewood apartment is the 3 Bed 2 Bath Model at Merrill Creek starting at $1,996 with a $1.66 price per square foot in the Lake City neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 15422 Rose Rd SW, Unit C | 15422 Rose Rd SW | 3BR,2BA | $1.14 |
| Merrill Creek | 3 Bed 2 Bath | 3BR,2BA | $1.66 |
| Alta Apartments. | 1x1 | 1BR,1BA | $1.52 |
| Valley Vista | 2 BED 1 BATH | 2BR,1BA | $1.58 |
| Hillside Glen Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.64 |
| Aero Apartments | Descend | 2BR,1BA | $1.76 |
| Hidden Lake Apartments | 2x1 | 2BR,1BA | $1.67 |
| Latitude 47 | Studio | Studio ,1BA | $1.71 |
| Cottage Lane - 4711 115th St Ct SW Lakewoo | 2BR/1.0BA | 2BR,1BA | $1.73 |
| The Woodmark | 1 Bedroom / 1 Bathroom (C) | 1BR,1BA | $1.45 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Lakewood
What type of rentals are currently available in Lakewood?
There are currently 577 Apartments for Rent in Lakewood, WA with pricing that ranges from $850 to $4,135. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $775 to $3,950.
What is the current price range for Rental Homes in Lakewood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakewood ranges from $775 to $3,950 with an average monthly rent of $2,339.
How much are larger Three and Four Bedroom Rentals in Lakewood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakewood range from $1,800 to $3,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $3,799. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $2,350.
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.
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.
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.
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.
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.