15108 Washington Ave SW
LakewoodWA98498
Cheap Homes for Rent in South Lakes Neighborhood of Lakewood, WA from $1,300 (4 Rentals)
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$1,6452 Bedroom Apartments Available Now
6824 150th St SW
6824 150th St SWTacoma, WA 98439
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.
6805 150th St SW
LakewoodWA98439
8117 121st St SW
LakewoodWA98498
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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South Lakes, Lakewood, WA Local Guide
How much does it cost to rent a home in South Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Lakes 2 Bedroom Homes for Rent | $1,825 | $1,800 | $1,850 |
| South Lakes 3 Bedroom Homes for Rent | $2,395 | $2,395 | $2,395 |
| South Lakes 4 Bedroom Homes for Rent | $3,550 | $3,500 | $3,600 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the South Lakes Neighborhood of Lakewood, WA.
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South Lakes, Lakewood, WA Local Guide
- Nearby Lakewood neighborhoods
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Best Value Apartments for Rent in South Lakes, WA
As of June 09, 2026 the best value apartment in the South Lakes area is the $2.41 price per square foot Edgewood 2x1 Model at Edgewood Apartments in the in the Lake City neighborhood starting from $1,750. The second greatest value South Lakes apartment is the 2BR/1.0BA Model at Dimension Lakewood Apartments starting at $1,245 with a $1.78 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Edgewood Apartments | Edgewood 2x1 | 2BR,1BA | $2.41 |
| Dimension Lakewood Apartments | 2BR/1.0BA | 2BR,1BA | $1.78 |
| McChord Tudor Haus | Two Bedroom One Bath | 2BR,1BA | $1.96 |
| Washington Oaks | 1X1 | 1BR,1BA | $1.83 |
| 14518 Portland Ave SW, Unit A | 14518 Portland Ave SW | 1BR,1BA | $2.65 |
| Union Square | 1 Bedroom 1 Bath | 1BR,1BA | $2.31 |
| Western Terrace | One Bedroom One Bath | 1BR,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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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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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 LifestyleSouth Lakes, Lakewood, WA
Ranked #14
Among cities in Washington for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about South Lakes
What type of rentals are currently available in South Lakes?
There are currently 84 Apartments for Rent in South Lakes, WA with pricing that ranges from $995 to $1,950. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Lakes ranging from $1,350 to $3,600.
What is the current price range for Rental Homes in South Lakes?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Lakes ranges from $1,350 to $3,600 with an average monthly rent of $2,280.
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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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.