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
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12109 Nyanza Blvd
3 Bedroom Apartments

12109 Nyanza Blvd

12109 Nyanza BlvdLakewood, WA 98499
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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
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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
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 17, 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 Apartments11BR,1BA$2.12
Western TerraceOne Bedroom One Bath1BR,1BA$2.37

Quick Rent Budget Calculator

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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.

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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! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.