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Cheap Apartments for Rent in Lakewood, WA from $500 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in Lakewood.
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from $1,0801 to 2 Bedroom Apartments Available Now
The Crossings Apartments
6503 150th St SWLakewood, WA 98439
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from $1,0991 to 2 Bedroom Apartments Contact Us For Availability
Lakewood Meadows Senior Affordable Apartments
5228 112th St SWLakewood, WA 98499
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from $1,1851 to 2 Bedroom Apartments Available Now
Morningtree Park
8101 SW 83rd AveLakewood, WA 98498
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1 to 2 Bedroom Apartments
4815-4901 115th Street Ct SW
4815-4901 115th Street Ct SWLakewood, WA 98499
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5210 S K St
TacomaWA98408
7826 Emerald Dr SW
TacomaWA98498
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from $1,025Studio to 1 Bedroom Apartments Available Now
Cascade Ridge Apartments
8702 S Hosmer StTacoma, WA 98444
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from $1,0751 Bedroom Apartments Available Now
Ash Creek Apartments
1420 112th St STacoma, WA 98444
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from $1,075Studio to 2 Bedroom Apartments Available Now
Indigo Apartments
8726-8736 S Hosmer StTacoma, WA 98444
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from $1,090Studio to 2 Bedroom Apartments Available Now
The Village at SoTa
2325 S 96th StTacoma, WA 98444
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from $1,0901 to 2 Bedroom Apartments Available Now
The Woodmark
2425 S 96th StTacoma, WA 98444
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from $1,095Studio to 2 Bedroom Apartments Available Now
The Theodore
8801 S Hosmer StTacoma, WA 98444
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from $1,100Studio to 2 Bedroom Apartments Available Apr 30
Steilacoom Woods
2504 Woods DrSteilacoom, WA 98388
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from $1,145Studio to 3 Bedroom Apartments Available Now
Westmall Terrace Apartments
4720 S Pine StTacoma, WA 98409
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from $1,145Studio to 1 Bedroom Apartments Available Now
Thea Apartments
7414 S Hosmer StTacoma, WA 98408
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from $1,1952 Bedroom Apartments Contact Us For Availability
Fort Steilacoom Apartments
205 Rigney RdSteilacoom, WA 98388
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from $1,2002 Bedroom Apartments Available Now
Landing on Chicago
5110 Chicago Ave SWTacoma, WA 98499
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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 an apartment in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lakewood Studio Apartments | $1,228 | $800 | $1,750 |
| Cheap Lakewood 1 Bedroom Apartments | $1,522 | $950 | $3,687 |
| Cheap Lakewood 2 Bedroom Apartments | $1,817 | $1,195 | $4,135 |
| Cheap Lakewood 3 Bedroom Apartments | $2,310 | $1,625 | $5,398 |
| Cheap Lakewood 4 Bedroom Apartments | $2,999 | $2,999 | $2,999 |
Browse Top Apartments in Lakewood
See all Apartments in LakewoodExplore Lakewood
Lakewood, WA Local Guide
Written By:
Justin HabersaatEditing Staff
- Lakewood Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lakewood, WA
Pricing Updated: 04/07/2025Current apartment rentals in the Lakewood, WA area range in price from $995 to $5,111 with an overall median price of $2,252. The three Lakewood neighborhoods with the lowest median rent pricing are Pacific at $1,049, Tillicum at $995, and Central Lakes at $1,185. 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 |
|---|---|---|---|
| Pacific | $2,084 | $1,049 | 109 |
| Tillicum | $2,100 | $995 | 23 |
| Central Lakes | $2,199 | $1,185 | 52 |
| Clinton Park | $2,199 | $1,099 | 83 |
| Clover Park | $2,199 | $1,049 | 87 |
| Custer | $2,199 | $1,099 | 66 |
| Interlaken | $2,199 | $1,000 | 75 |
| Lakeview Tacoma | $2,199 | $1,049 | 114 |
| Monte Vista | $2,199 | $1,090 | 109 |
| South Lakes | $2,199 | $995 | 40 |
Cheapest Available Lakewood Apartments for Rent
The cheapest available apartment rental in Lakewood, WA is a 1 Bed unit found at Bridgewood Estates Apartments in the Lakeview neighborhood priced from $955. Western Terrace in the North Fort Lewis neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Lakewood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bridgewood Estates Apartments | 1BR/1.0BA | 1BR,1BA | $955 |
| Western Terrace | One Bedroom One Bath | 1BR,1BA | $995 |
| Twin Oaks | 1BR/1.0BA | 1BR,1BA | $1,049 |
| Cascade Ridge Apartments | Studio | Studio,1BA | $1,050 |
| Indigo Apartments | Studio (S1) | Studio,1BA | $1,075 |
| Ash Creek Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,075 |
| The Crossings Apartments | 1 | 1BR,1BA | $1,080 |
| The Woodmark | 1 Bedroom / 1 Bathroom (B) | 1BR,1BA | $1,090 |
| Pacific Walk | Open One Bedroom | Studio,1BA | $1,095 |
| The Theodore | Studio (ADA) | Studio,1BA | $1,095 |
Best Value Apartments for Rent in Lakewood, WA
As of April 07, 2025 the best value apartment in the Lakewood area is the $1.66 price per square foot 3 Bed 2 Bath Model at Merrill Creek in the in the Lake City neighborhood starting from $1,996. The second greatest value Lakewood apartment is the Townhome Model at Aladdin Townhomes starting at $1,700 with a $1.44 price per square foot in the South End 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. |
|---|---|---|---|
| Merrill Creek | 3 Bed 2 Bath | 3BR,2BA | $1.66 |
| Aladdin Townhomes | Townhome | 2BR,1.5BA | $1.44 |
| 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 |
| Hillside Glen Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.64 |
| LAK-10506 | 1bd-1ba | 1BR,1BA | $1.26 |
| The Woodmark | 1 Bedroom / 1 Bathroom (B) | 1BR,1BA | $1.45 |
| Landing on Chicago | 2 Bed 1 Bath | 2BR,1BA | $1.60 |
| Bridgewood Estates Apartments | 1BR/1.0BA | 1BR,1BA | $1.59 |
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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
Clover Park School District
Public School - Grades PK-5 (466)
7 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lakewood, WA Rentals by Map
See the most popular apartments and homes in Lakewood, WA
Lakewood, WA Apartments MapLakewood, WA Rental Homes MapGetting 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 $1,095.
What is the price of a cheap apartment in Lakewood?
The cheapest apartment in Lakewood is Bridgewood Estates Apartments which is listed at $955, while the average apartment in Lakewood costs $2,252.
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 124 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 $274 which is $1,978 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.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
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.