Cheap Apartments for Rent in the South Lakes Neighborhood of Lakewood, WA from $700 (39 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
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Rainier Terrace
2 to 3 Bedroom Apartments

Rainier Terrace

6824 150th St SWLakewood, WA 98439

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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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
  • Utilities Included
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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

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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Showing Results 1-39, 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 2 Beds apartment currently listed from $1,255. 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 Apartments22BR,1BA$1,255
Washington Oaks2X12BR,1BA$1,288
Edgewood ApartmentsEdgewood 2x12BR,1BA$1,700

Best Value Apartments for Rent in South Lakes, WA

As of November 18, 2025 the best value apartment in the South Lakes area is the $1.43 price per square foot 2X1 Model at Washington Oaks in the in the North Fort Lewis neighborhood starting from $1,288. 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.
Washington Oaks2X12BR,1BA$1.43
Edgewood ApartmentsEdgewood 2x12BR,1BA$2.34
The Crossings Apartments22BR,1BA$1.93
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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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 #13

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the South Lakes Neighborhood in Lakewood, WA

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap South Lakes Apartments

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 $1,255 at The Crossings Apartments.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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.

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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.