Cheap Apartments for Rent in Lakewood, WA from $500 (65 Rentals)
Search the lowest-cost Apartments available for rent right now in Lakewood.

Hunters Glen Apartments

The Crossings Apartments

Lakewood Meadows Senior Affordable Apartments

Greenwood II Apartments

12602 Lincoln Ave SW, Unit 2

Morningtree Park

4815-4901 115th Street Ct SW

5210 S K St

Ash Creek Apartments

7826 Emerald Dr SW

Cascade Ridge Apartments

Indigo Apartments

The Woodmark

The Theodore

Steilacoom Woods

Westmall Terrace Apartments

Lincoln Landing

Fort Steilacoom Apartments

Thea Apartments

Landing on Chicago
Lakewood, WA Local Guide

How much does it cost to rent an apartment in Lakewood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Lakewood Studio Apartments | $1,246 | $800 | $1,750 |
Cheap Lakewood 1 Bedroom Apartments | $1,476 | $850 | $3,271 |
Cheap Lakewood 2 Bedroom Apartments | $1,801 | $1,150 | $4,135 |
Cheap Lakewood 3 Bedroom Apartments | $2,363 | $1,625 | $5,035 |
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Lakewood, WA Local Guide

- Lakewood Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lakewood, WA
Pricing Updated: 03/21/2025Current apartment rentals in the Lakewood, WA area range in price from $995 to $5,035 with an overall median price of $2,233. The three Lakewood neighborhoods with the lowest median rent pricing are Northeast Lakewood at $1,050, Central Lakes at $995, and Clinton Park at $1,099. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lakewood Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Northeast Lakewood | $2,175 | $1,050 | 1085 |
Central Lakes | $2,199 | $995 | 1011 |
Clinton Park | $2,199 | $1,099 | 1007 |
Clover Park | $2,199 | $1,099 | 980 |
Custer | $2,199 | $1,099 | 1090 |
Interlaken | $2,199 | $1,000 | 1460 |
South Lakes | $2,199 | $995 | 507 |
Tillicum | $2,200 | $995 | 306 |
Monte Vista | $2,247 | $1,090 | 1553 |
Lake City | $2,250 | $995 | 1966 |
Cheapest Available Lakewood Apartments for Rent
 The cheapest available apartment rental in Lakewood, WA is a 1 Bed unit found at Ash Creek Apartments in the P.L.U. neighborhood priced from $850. Washington Oaks in the North Fort Lewis neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $997. Here is today’s list of the most affordable Lakewood apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ash Creek Apartments | 1 Bed 1 Bath | 1BR,1BA | $850 |
Washington Oaks | 1X1 | 1BR,1BA | $997 |
Bridgewood Estates Apartments | 1BR/1.0BA | 1BR,1BA | $1,025 |
Cascade Ridge Apartments | Studio | Studio,1BA | $1,050 |
Indigo Apartments | Studio (S1) | Studio,1BA | $1,075 |
The Crossings Apartments | 1 | 1BR,1BA | $1,080 |
The Theodore | Studio (ADA) | Studio,1BA | $1,095 |
Pacific Walk | Open One Bedroom | Studio,1BA | $1,095 |
Twin Oaks | 1BR/1.0BA | 1BR,1BA | $1,100 |
Greenwood II Apartments | 1BR/1.0BA | 1BR,1BA | $1,145 |
Best Value Apartments for Rent in Lakewood, WA
As of March 21, 2025 the best value apartment in the Lakewood 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 Lakewood apartment is the 7832 S Sheridan Ave Model at 7832 S Sheridan Ave starting at $2,629 with a $1.50 price per square foot in the South Tacoma neighborhood. Here is today’s list of the best values for Lakewood 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 |
7832 S Sheridan Ave | 7832 S Sheridan Ave | 3BR,2BA | $1.50 |
Sienna | The Denali | 2BR,2BA | $1.64 |
Freiday Apartments | 3BR/1.0BA | 3BR,1BA | $1.53 |
Alta Apartments. | 1x1 | 1BR,1BA | $1.52 |
Valley Vista | 2 BED 1 BATH | 2BR,1BA | $1.58 |
LAK-10506 | 1bd-1ba | 1BR,1BA | $1.26 |
Sandman Apartments | 1BD/1BA - 936 SQ FT | 1BR,1BA | $1.38 |
Landing on Chicago | 2 Bed 1 Bath | 2BR,1BA | $1.60 |
Ash Creek Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.55 |
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Lakewood Overview
The aptly named Lakewood is comprised of a budding population of just over 50,000 souls, complete with plenty of natural beauty. A close drive from Tacoma and a number of other Washington cities, this 'little big town' has heart and charm to spare.
Why live in Lakewood, WA?
Home to both the Clover Park Techincal School as well as Pierce College, Lakewood is an ideal spot to live for anyone pursuing higher education. The Western State Hospital remains a steady source of local employement as well, and the area's bounty of lakes and hiking trails makes a Lakewood rental pitch-perfect for those who enjoy the great outdoors.
Best Local Schools in Lakewood, WA
Lake Louise Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lakewood, WA Rentals by Map
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Getting Around Lakewood, WA
Walk Score®
57 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
51 / 100
Bikeable
Some bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
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 Lakewood Apartments
What is a cheap apartment in Lakewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood is under $1,145.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is Ash Creek Apartments which is listed at $850, while the average apartment in Lakewood costs $2,233.
What types of apartments are the cheapest in Lakewood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2,496 regular apartments in Lakewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lakewood?
Cheap apartments in Lakewood have an average cost of $276 which is $1,957 cheaper than the average rent for all rentals in Lakewood.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.