15108 Washington Ave SW
LakewoodWA98498
Cheap Homes for Rent in South Lakes Neighborhood of Lakewood, WA from $1,300 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the South Lakes area of Lakewood.
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$1,5952 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
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$1,7953 Bedroom Apartments Available Apr 30
6824 150th St SW
6824 150th St SWLakewood, WA 98439
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.
9019 112th St SW
LakewoodWA98498
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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 | $1,700 | $1,700 | $1,700 |
| South Lakes 3 Bedroom Homes for Rent | $2,155 | $2,155 | $2,155 |
| South Lakes 4 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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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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. Washington Oaks has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,097. Here are the most affordable South Lakes apartments for rent in Lakewood, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Western Terrace | One Bedroom One Bath | 1BR,1BA | $995 |
| Washington Oaks | 1X1 | 1BR,1BA | $1,097 |
| The Crossings Apartments | 1 | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in South Lakes, WA
As of April 24, 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 1X1 Model at Washington Oaks starting at $1,097 with a $1.83 price per square foot in the North Fort Lewis 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 |
| Washington Oaks | 1X1 | 1BR,1BA | $1.83 |
| The Crossings Apartments | 1 | 1BR,1BA | $2.11 |
| Canterbrook Village | One Bedrooms | 1BR,1BA | $2.79 |
| Union Square | 1 Bedroom 1 Bath | 1BR,1BA | $2.72 |
| Western Terrace | One Bedroom One Bath | 1BR,1BA | $2.37 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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 LifestyleSouth Lakes, Lakewood, WA
Ranked #11
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 82 Apartments for Rent in South Lakes, WA with pricing that ranges from $995 to $1,950. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Lakes ranging from $1,350 to $3,500.
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 $3,500 with an average monthly rent of $2,176.
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
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.
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.
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.