14602 Portland Ave SW
LakewoodWA98498
Cheap Homes for Rent in South Lakes Neighborhood of Lakewood, WA from $1,200 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the South Lakes area of Lakewood.
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.
12506 98th Ave Ct SW
LakewoodWA98498
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
6717 150th St SW
LakewoodWA98439
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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South Lakes, Lakewood, WA Local Guide
Sunrise over Mt. Rainier in Lakewood by Razvan Orendovici is licensed under CC BY 2.0
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 | $1,697 | $1,695 | $1,700 |
| South Lakes 3 Bedroom Homes for Rent | $2,000 | $2,000 | $2,000 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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
- Nearby Cities
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Best Value Apartments for Rent in South Lakes, WA
As of May 11, 2025 the best value apartment in the South Lakes area is the $1.14 price per square foot 15422 Rose Rd SW Model at 15422 Rose Rd SW, Unit WaterFront American Lake in the in the North Fort Lewis neighborhood starting from $2,300. The second greatest value South Lakes apartment is the 12511 98th Ave Ct SW Model at 12511 98th Ave Ct SW, Unit 19 starting at $1,595 with a $1.96 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. |
|---|---|---|---|
| 15422 Rose Rd SW, Unit WaterFront American Lake | 15422 Rose Rd SW | 3BR,2BA | $1.14 |
| 12511 98th Ave Ct SW, Unit 19 | 12511 98th Ave Ct SW | 2BR,1BA | $1.96 |
| Chandelle Apartments | Renovated 2 bedroom! Move In Special! | 2BR,1BA | $1.79 |
| Lost Lake Forest Apartments | Jasper - 729 SQFT | 1BR,1BA | $2.33 |
| Dimension Lakewood Apartments | 2BR/1.0BA | 2BR,1BA | $1.71 |
| McChord Tudor Haus | 2BR/1.0BA | 2BR,1BA | $1.88 |
| Washington Oaks | 1X1 | 1BR,1BA | $1.58 |
| The Crossings Apartments | 1 | 1BR,1BA | $2.08 |
| Western Terrace | One Bedroom One Bath | 1BR,1BA | $2.32 |
| Swan Grove Apartments | The Blakely | Studio ,1BA | $3.73 |
Quick Rent Budget Calculator
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Frequently Asked Questions about South Lakes
What type of rentals are currently available in South Lakes?
There are currently 88 Apartments for Rent in South Lakes, WA with pricing that ranges from $995 to $2,300. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Lakes ranging from $1,200 to $2,000.
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 $1,200 to $2,000 with an average monthly rent of $1,632.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.