5210 S K St
TacomaWA98408
Cheap Homes for Rent in Lakewood, WA from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Lakewood.
7630 S Yakima Ave
TacomaWA98408
1743 Lafayette St S
TacomaWA98444
1743 Lafayette St S
TacomaWA98444
751 120th St S
TacomaWA98444
9431 Tacoma Ave S, Unit RVSpot
9431 Tacoma Ave S
TacomaWA98444
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.
8434 Tacoma Ave S
TacomaWA98444
9003 105 Ave SW
LakewoodWA98498
4902 111th St SW, Unit Apartment 7
4902 111th St SW
TacomaWA98499
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$1,1501 Bedroom Apartments Available Now
4525 McChord Dr SW, Unit C
4525 McChord Dr SWLakewood, WA 98499
3232 94th St S
LakewoodWA98499
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 | $2,012 | $1,450 | $2,800 |
| Lakewood 3 Bedroom Homes for Rent | $2,701 | $2,050 | $3,380 |
| Lakewood 4 Bedroom Homes for Rent | $3,231 | $2,900 | $3,800 |
| Lakewood 5 Bedroom Homes for Rent | $3,545 | $3,545 | $3,545 |
| Lakewood 6 Bedroom Homes for Rent | $850 | $850 | $850 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Lakewood
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Lakewood, WA Local Guide
- Lakewood Neighborhoods
- Nearby Cities
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- Local Counties
Cheapest Neighborhoods for Apartments in Lakewood, WA
Pricing Updated: 09/08/2026Current apartment rentals in the Lakewood, WA area range in price from $925 to $3,150 with an overall median price of $1,759. The three Lakewood neighborhoods with the lowest median rent pricing are Tillicum at $1,250, Northeast Lakewood at $1,295, and South Lakes at $1,345. 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 |
|---|---|---|---|
| Tillicum | $1,250 | $995 | 5 |
| Northeast Lakewood | $1,295 | $995 | 91 |
| South Lakes | $1,345 | $995 | 6 |
| Central Lakes | $1,675 | $1,150 | 17 |
| Pacific | $1,689 | $925 | 48 |
| Lake City | $1,785 | $1,145 | 72 |
| Lake Louise | $1,800 | $1,275 | 22 |
| Oakbrook | $1,800 | $1,275 | 20 |
| Clover Park | $1,825 | $1,150 | 43 |
| Interlaken | $1,838 | $1,275 | 52 |
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 |
| Bridgewood Estates Apartments | 1BR/1.0BA | 1BR,1BA | $1,025 |
| Pinegar Manor | Pinegar Manor | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Lakewood, WA
As of September 08, 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 |
| 4707 S. Puget Sound Ave | 2BR/1.0BA | 2BR,1BA | $1.51 |
| Alta Apartments. | 1x1 | 1BR,1BA | $1.52 |
| Timberwood Court | 2BR | 2BR,1BA | $1.62 |
| Olympic Sunset | 2X1 B | 2BR,1BA | $1.62 |
| RSchleigh 7317 - DunDee | 1BR/1.0BA | 1BR,1BA | $1.37 |
| 5123 Seattle Ave SW | 2BR/1.0BA | 2BR,1BA | $1.63 |
| The Woodmark | 1 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
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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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 (458)
6 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 613 Apartments for Rent in Lakewood, WA with pricing that ranges from $700 to $3,597. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $700 to $3,800.
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 $3,800 with an average monthly rent of $2,232.
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 $3,597, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,050 to $3,380. Four Bedroom Single-Family rentals are also available starting from $2,900 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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.