7630 S Yakima Ave
TacomaWA98408
Cheap Homes for Rent in Lakewood, WA from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Lakewood.
5210 S K St
TacomaWA98408
5021 59th Ave Ct W
University PlaceWA98466
9431 Tacoma Ave S
TacomaWA98444
9003 105 Ave SW
LakewoodWA98498
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
4902 111th St SW, Unit Apartment 7
4902 111th St SW
TacomaWA98499
8434 Tacoma Ave S
TacomaWA98444
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$1,1501 Bedroom Apartments Available Now
4525 McChord Dr SW, Unit C
4525 McChord Dr SWLakewood, WA 98499
4713 61st Ave W
University PlaceWA98466
11002 Lundstrom Dr SW
TacomaWA98498
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Lakewood, WA Local Guide
How much does it cost to rent a home in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood 2 Bedroom Homes for Rent | $2,072 | $1,450 | $3,200 |
| Lakewood 3 Bedroom Homes for Rent | $2,921 | $2,300 | $3,800 |
| Lakewood 4 Bedroom Homes for Rent | $3,308 | $2,400 | $4,750 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Lakewood, WA Local Guide
- Lakewood Neighborhoods
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Cheapest Neighborhoods for Apartments in Lakewood, WA
Pricing Updated: 07/25/2026Current apartment rentals in the Lakewood, WA area range in price from $995 to $3,995 with an overall median price of $2,416. The three Lakewood neighborhoods with the lowest median rent pricing are Central Lakes at $1,225, Northeast Lakewood at $995, and Clover Park at $1,099. 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 |
|---|---|---|---|
| Central Lakes | $2,045 | $1,225 | 22 |
| Northeast Lakewood | $2,050 | $995 | 89 |
| Clover Park | $2,448 | $1,099 | 50 |
| Lakeview | $2,448 | $1,099 | 63 |
| Lakeview Tacoma | $2,448 | $1,099 | 61 |
| Pacific | $2,448 | $1,099 | 70 |
| Custer | $2,463 | $1,114 | 38 |
| Interlaken | $2,463 | $1,114 | 44 |
| Lake City | $2,463 | $1,114 | 77 |
| Monte Vista | $2,463 | $1,114 | 43 |
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. Cascade Ridge 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 |
| Cascade Ridge Apartments | Studio | Studio,1BA | $995 |
| The Theodore | Studio (A) | Studio,1BA | $995 |
Best Value Apartments for Rent in Lakewood, WA
As of July 25, 2026 the best value apartment in the Lakewood area is the $1.40 price per square foot 2 Bed 1.5 Bath Model at Aladdin Townhomes in the in the South End neighborhood starting from $1,650. The second greatest value Lakewood apartment is the Spacious two bedroom units AVAILABLE NOW! Model at Lakeshore Apartments starting at $1,695 with a $1.54 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Aladdin Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.40 |
| Lakeshore Apartments | Spacious two bedroom units AVAILABLE NOW! | 2BR,2BA | $1.54 |
| Mullen Cove Apartments | 2BD/1BA - 1,070 SQ FT | 2BR,1BA | $1.49 |
| Alta Apartments. | 1x1 | 1BR,1BA | $1.52 |
| Briarstone | 2/1 950sf | 2BR,1BA | $1.58 |
| Greenwood II Apartments | 2BR/1.0BA | 2BR,1BA | $1.48 |
| Bridgewood Estates Apartments | 2BR/1.0BA | 2BR,1BA | $1.44 |
| The Woodmark | 1 Bedroom / 1 Bathroom (B) | 1BR,1BA | $1.45 |
| R225 Gen Villas | 1BR/1.0BA | 1BR,1BA | $1.65 |
| Pinegar Manor | Pinegar Manor | 1BR,1BA | $1.50 |
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.
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Real 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.
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Lakewood, WAPopulation: 60,538
Ranked #622
in US Census Population by City
Best Local Schools in Lakewood, WA
Lake Louise Elementary School
Clover Park School District
Public School - Grades PK-5 (466)
7 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lakewood, WA Rentals by Map
See the most popular apartments and homes in Lakewood, WA
Frequently Asked Questions about Lakewood
What type of rentals are currently available in Lakewood?
There are currently 601 Apartments for Rent in Lakewood, WA with pricing that ranges from $800 to $3,995. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $700 to $4,750.
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 $700 to $4,750 with an average monthly rent of $2,108.
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 $1,795 to $3,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $3,800. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,088.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.