Cheap Homes for Rent in Lakewood, WA from $800 (17 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Lakewood.

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.

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.

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.

Lakewood, WA Local Guide

Cheapest Neighborhoods for Apartments in Lakewood, WA

Pricing Updated: 01/11/2026

Current apartment rentals in the Lakewood, WA area range in price from $925 to $3,995 with an overall median price of $2,951. The three Lakewood neighborhoods with the lowest median rent pricing are Tillicum at $995, South Lakes at $995, and Monte Vista at $1,195. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lakewood Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Tillicum$1,427$99511
South Lakes$1,660$99512
Monte Vista$2,215$1,19538
Lakeview$2,249$1,09535
Lakeview Tacoma$2,249$1,09536
Pacific$2,250$92535
North Lakewood$2,282$1,19556
Oakbrook$2,422$1,095174
Northeast Lakewood$2,500$99995
Central Lakes$3,995$1,19516

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. The Theodore 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 ListingModel NameBed/BathPriced From
Western TerraceOne Bedroom One Bath1BR,1BA$995
The TheodoreStudio (A)Studio,1BA$995
Indigo ApartmentsI.Stu.s1Studio,1BA$999
Safe Harbor ApartmentsStudioStudio,1BA$1,080
The Woodmark1 Bedroom / 1 Bathroom (C)1BR,1BA$1,090

Best Value Apartments for Rent in Lakewood, WA

As of January 11, 2026 the best value apartment in the Lakewood area is the $1.08 price per square foot 4411 76th Ave W Model at 4411 76th Ave W, Unit Unit 3 in the in the University Place neighborhood starting from $1,775. The second greatest value Lakewood apartment is the 3x2 Model at Alta Apartments. starting at $1,900 with a $1.46 price per square foot in the Midland neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4411 76th Ave W, Unit Unit 34411 76th Ave W2BR,2BA$1.08
Alta Apartments.3x23BR,2BA$1.46
Aladdin Townhomes2 Bed 1.5 Bath Renovated2BR,1.5BA$1.53
Tudor Village at the MallTwo Bedroom Two Bath Economy2BR,2BA$1.68
Valley Vista2 BED 1 BATH2BR,1BA$1.48
Briarstone2/1 950sf2BR,1BA$1.52
Hidden Lake Apartments2x12BR,1BA$1.67
Los Altos ApartmentsTwo Bedroom One Bath2BR,1BA$1.64
Bridgewood Estates Apartments2BR/1.0BA2BR,1BA$1.49
The Woodmark1 Bedroom / 1 Bathroom (C)1BR,1BA$1.45

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 Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lakewood, WA Rentals by Map

View Map
Lakewood, WA Apartments Map
View Map
Lakewood, WA Rental Homes Map

Frequently Asked Questions about Lakewood

What type of rentals are currently available in Lakewood?

There are currently 576 Apartments for Rent in Lakewood, WA with pricing that ranges from $925 to $3,995. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $850 to $7,499.

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 $850 to $7,499 with an average monthly rent of $2,532.

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 $1,779 to $3,125, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,095 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,649 and Four Bedroom Apartments start at $1,976.

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

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!