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Cheap Apartments for Rent in Lakewood, WA from $500 (67 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 $1,145Studio Apartments Available Now
Lake Grove Apartments!
6102 Lake Grove St SWLakewood, WA 98499
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from $1,1452 Bedroom Apartments Available Now
Bridgewood Estates Apartments
4910-4918 108th St SWLakewood, WA 98499
4525 McChord Dr SW
LakewoodWA98499
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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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from $1,1951 to 2 Bedroom Apartments Available Now
Sundance Apartments
7427 Lakewood Dr WLakewood, WA 98499
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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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1 to 2 Bedroom Apartments
4815-4901 115th Street Ct SW
4815-4901 115th Street Ct SWLakewood, WA 98499
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7826 Emerald Dr SW
TacomaWA98498
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from $995Studio to 2 Bedroom Apartments Available Now
Indigo Apartments
8726-8736 S Hosmer StTacoma, WA 98444
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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 $1,0901 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 Now
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 $1,1951 to 2 Bedroom Apartments Available Now
Sunset Ridge Apartments
5918 Hannah Pierce Rd WUniversity Place, WA 98467
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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 $1,1951 to 2 Bedroom Apartments Available Now
Westwood Apartments
3022 Steilacoom Blvd SWSteilacoom, WA 98388
5225 S Tacoma Way
TacomaWA98409
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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 | $1,239 | $995 | $1,950 |
| Cheap Lakewood 1 Bedroom Apartments | $1,515 | $925 | $3,850 |
| Cheap Lakewood 2 Bedroom Apartments | $1,778 | $1,145 | $4,135 |
| Cheap Lakewood 3 Bedroom Apartments | $2,353 | $1,625 | $4,705 |
| Cheap Lakewood 4 Bedroom Apartments | $2,899 | $2,899 | $2,899 |
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: 04/27/2025Current apartment rentals in the Lakewood, WA area range in price from $925 to $4,705 with an overall median price of $2,411. The three Lakewood neighborhoods with the lowest median rent pricing are Central Lakes at $1,185, South Lakes at $995, and Tillicum at $995. 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 |
|---|---|---|---|
| Central Lakes | $2,199 | $1,185 | 57 |
| South Lakes | $2,199 | $995 | 33 |
| Tillicum | $2,200 | $995 | 20 |
| Lakeview | $2,375 | $1,049 | 85 |
| Clinton Park | $2,412 | $1,099 | 50 |
| Clover Park | $2,412 | $1,049 | 60 |
| Lake City | $2,412 | $925 | 110 |
| Lakeview Tacoma | $2,412 | $1,049 | 94 |
| Northeast Lakewood | $2,451 | $995 | 108 |
| North Lakewood | $2,451 | $925 | 99 |
Cheapest Available Lakewood Apartments for Rent
The cheapest available apartment rental in Lakewood, WA is a 1 Bed unit found at Washington Oaks in the North Fort Lewis neighborhood priced from $947. 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 |
|---|---|---|---|
| Washington Oaks | 1X1 | 1BR,1BA | $947 |
| Western Terrace | One Bedroom One Bath | 1BR,1BA | $995 |
| Indigo Apartments | Studio (S1) | Studio,1BA | $995 |
| Cascade Ridge Apartments | Studio (ADA) | Studio,1BA | $1,025 |
| Twin Oaks | 1BR/1.0BA | 1BR,1BA | $1,049 |
| Pacific Walk | Open One Bedroom | Studio,1BA | $1,075 |
| Ash Creek Apartments | 1BR/1.0BA | 1BR,1BA | $1,075 |
| The Crossings Apartments | 1 | 1BR,1BA | $1,080 |
| The Woodmark | 1 Bedroom / 1 Bathroom (C) | 1BR,1BA | $1,090 |
| The Theodore | Studio (A) | Studio,1BA | $1,095 |
Best Value Apartments for Rent in Lakewood, WA
As of April 27, 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 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. |
|---|---|---|---|
| 15422 Rose Rd SW, Unit WaterFront American Lake | 15422 Rose Rd SW | 3BR,2BA | $1.14 |
| Aladdin Townhomes | Townhome | 2BR,1.5BA | $1.44 |
| 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 |
| Hidden Lake Apartments | 2x1 | 2BR,1BA | $1.67 |
| Bridgewood Estates Apartments | 2BR/1.0BA | 2BR,1BA | $1.43 |
| The Woodmark | 1 Bedroom / 1 Bathroom (C) | 1BR,1BA | $1.45 |
| Washington Oaks | 1X1 | 1BR,1BA | $1.58 |
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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 Washington Oaks which is listed at $947, while the average apartment in Lakewood costs $2,411.
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 139 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 $2,135 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.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.