Cheap Apartments for Rent in the Lakeview Neighborhood of Lakewood, WA from $900 (17 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakeview area of Lakewood.

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.

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Village Square
1 to 2 Bedroom Apartments

Village Square

10810 Lakeview Ave SWLakewood, WA 98499
  • Utilities Included

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.

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Twin Oaks
1 Bedroom Apartments

Twin Oaks

4801 115th Street Ct SWLakewood, WA 98499
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Cascade Apartments
1 to 2 Bedroom Apartments

Cascade Apartments

4425 Pacific St SWLakewood, WA 98499
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10607 47th Ave SW
1 to 2 Bedroom Apartments

10607 47th Ave SW

10607 47th Ave SWLakewood, WA 98499
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SOUTHGATE
1 to 2 Bedroom Apartments

SOUTHGATE

3918 108th St SWLakewood, WA 98499

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.

Lakeview, Lakewood, WA Local Guide

Cheapest Available Lakeview Apartments for Rent

 

The cheapest available apartment rental in the Lakeview area of Lakewood, WA is a Studio unit found at Lakeview South priced from $1,125. Lake Grove Apartments! has the second lowest priced unit, which is a Studio apartment currently listed from $1,299. Here are the most affordable Lakeview apartments for rent in Lakewood, WA:

Apartment ListingModel NameBed/BathPriced From
Lakeview SouthStudio BStudio,1BA$1,125
Lake Grove Apartments!The HemlockStudio,1BA$1,299
Rainier Terrace1x11BR,1BA$1,300
Kendrick Landing ApartmentsRainier1BR,1BA$1,321
Hidden Lake Apartments1x1 Deluxe1BR,1BA$1,335

Best Value Apartments for Rent in Lakeview, WA

As of May 20, 2026 the best value apartment in the Lakeview area is the $1.62 price per square foot 2BR/1.5BA Model at Town View Apartments in the in the Lake City neighborhood starting from $1,950. The second greatest value Lakeview apartment is the 2/2 Model at Copperstone Luxury Apartments and Townhomes starting at $2,195 with a $2.53 price per square foot in the Lake City neighborhood. Here is today’s list of the best values for Lakeview apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Town View Apartments2BR/1.5BA2BR,1.5BA$1.62
Copperstone Luxury Apartments and Townhomes2/22BR,2BA$2.53
11021 Addison St SW11021 Addison St SW2BR,1BA$1.97
Kendrick Landing ApartmentsRainier1BR,1BA$2.01
Lakewood Meadows Senior Affordable ApartmentsB12BR,1BA$2.64
Hidden Lake Apartments1x1 Standard Renovated1BR,1BA$2.32
The Village at Seeley Lake11BR,1BA$2.47
WindRidge ApartmentsOne Bedroom Reg.1BR,1BA$2.31
Rainier Terrace1x11BR,1BA$2.45
Lakeview SouthStudio BStudio ,1BA$2.50

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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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.

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Lifestyle Ratings

Our team of engineers and researchers works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Washington, including Lakewood. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, apartment communities for the kids, proximity to transit, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Lakeview Apartments

What is a cheap apartment in Lakeview?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakeview is under $1,449.

What is the price of a cheap apartment in Lakeview?

The cheapest apartment in Lakeview is Lakeview South which is listed at $1,299, while the average apartment in Lakeview costs $2,448.

What types of apartments are the cheapest in Lakeview?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 10 regular apartments in Lakeview that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lakeview?

Cheap apartments in Lakeview have an average cost of $1,123 which is $1,325 cheaper than the average rent for all rentals in Lakeview.

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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.