Cheap Apartments for Rent in the South Lakes Neighborhood of Lakewood, WA from $700 (38 Rentals)

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

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14510 Washington Ave SW
1 Bedroom Apartments

14510 Washington Ave SW

14510 Washington Ave SWLakewood, WA 98498
  • Utilities Included
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Washington Terrace
1 Bedroom Apartments

Washington Terrace

7920 Washington Blvd SWLakewood, WA 98498

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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12109 Nyanza Blvd
3 Bedroom Apartments

12109 Nyanza Blvd

12109 Nyanza BlvdLakewood, WA 98499

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.

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Emerald Village
1 to 2 Bedroom Apartments

Emerald Village

5610 Boston Ave SWLakewood, WA 98499
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Pine Ridge Apartments
1 to 2 Bedroom Apartments

Pine Ridge Apartments

5612 Boston Ave SWLakewood, WA 98499
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Canterbrook Village
1 to 3 Bedroom Apartments

Canterbrook Village

7212 150th St SWLakewood, WA 98439
  • Utilities Included

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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Lakewood Estates
1 to 2 Bedroom Apartments

Lakewood Estates

5607 Boston Ave SWLakewood, WA 98499
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Washington Oaks
1 to 2 Bedroom Apartments

Washington Oaks

15308 Washington Ave SWLakewood, WA 98498
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8212 Orchard St SW
1 to 2 Bedroom Apartments

8212 Orchard St SW

8212 Orchard St SWLakewood, WA 98498
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Manresa Apartments
2 Bedroom Apartments

Manresa Apartments

5524-5532 Boston Ave SWLakewood, WA 98499

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.

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Showing Results 1-38, Page 1 of 1

South Lakes, Lakewood, WA Local Guide

Cheapest Available South Lakes Apartments for Rent

 

The cheapest available apartment rental in the South Lakes area of Lakewood, WA is a 1 Bed unit found at Western Terrace priced from $995. The Crossings Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here are the most affordable South Lakes apartments for rent in Lakewood, WA:

Apartment ListingModel NameBed/BathPriced From
Western TerraceOne Bedroom One Bath1BR,1BA$995
The Crossings Apartments11BR,1BA$1,125
Dimension Lakewood Apartments2BR/1.0BA2BR,1BA$1,265
Canterbrook VillageOne Bedrooms1BR,1BA$1,550
Murray Road Apartments2BR/1.0BA2BR,1BA$1,575
Edgewood ApartmentsEdgewood 2x12BR,1BA$1,700

Best Value Apartments for Rent in South Lakes, WA

As of January 11, 2026 the best value apartment in the South Lakes area is the $1.85 price per square foot 2BR/1.0BA Model at Murray Road Apartments in the in the North Fort Lewis neighborhood starting from $1,575. The second greatest value South Lakes apartment is the Edgewood 2x1 Model at Edgewood Apartments starting at $1,700 with a $2.34 price per square foot in the Lake City neighborhood. Here is today’s list of the best values for South Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Murray Road Apartments2BR/1.0BA2BR,1BA$1.85
Edgewood ApartmentsEdgewood 2x12BR,1BA$2.34
Dimension Lakewood Apartments2BR/1.0BA2BR,1BA$1.81
Canterbrook VillageOne Bedrooms1BR,1BA$2.98
The Crossings Apartments11BR,1BA$2.16
Western TerraceOne Bedroom One Bath1BR,1BA$2.37

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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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.

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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.

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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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Pet Friendly Lifestyle
South Lakes, Lakewood, WA

Ranked #10

Among cities in Washington for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap South Lakes Apartments

How much is rent for a Cheap One Bedroom South Lakes Apartment?

The lowest price for a Cheap One Bedroom South Lakes Apartment is $995 at Western Terrace.

What is the lowest price for a Cheap Two Bedroom South Lakes Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Lakes is starting from $1,265 at Dimension Lakewood Apartments.

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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!