Cheap Homes for Rent in Lakewood, WA from $600 (6 Rentals)

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Lakewood, WA Local Guide

Cheapest Neighborhoods for Apartments in Lakewood, WA

Pricing Updated: 03/25/2025

Current apartment rentals in the Lakewood, WA area range in price from $995 to $5,166 with an overall median price of $2,214. The three Lakewood neighborhoods with the lowest median rent pricing are Pacific at $1,090, 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Pacific$2,074$1,0901201
Central Lakes$2,199$995786
Clinton Park$2,199$1,099924
Clover Park$2,199$1,099897
Custer$2,199$1,099991
Interlaken$2,199$1,0001171
Monte Vista$2,199$1,0901514
South Lakes$2,199$995453
Tillicum$2,200$995306
Lakeview$2,220$1,0901033

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. Bridgewood Estates Apartments in the Lakeview 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 ListingModel NameBed/BathPriced From
Ash Creek Apartments1 Bed 1 Bath1BR,1BA$850
Bridgewood Estates Apartments1BR/1.0BA1BR,1BA$995
Washington Oaks1X11BR,1BA$997

Best Value Apartments for Rent in Lakewood, WA

As of March 25, 2025 the best value apartment in the Lakewood area is the $1.50 price per square foot 7832 S Sheridan Ave Model at 7832 S Sheridan Ave in the in the South Tacoma neighborhood starting from $2,629. The second greatest value Lakewood apartment is the 3BR/1.0BA Model at Freiday Apartments starting at $1,525 with a $1.53 price per square foot in the Lakeview neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7832 S Sheridan Ave7832 S Sheridan Ave3BR,2BA$1.50
Freiday Apartments3BR/1.0BA3BR,1BA$1.53
Alta Apartments.1x11BR,1BA$1.52
Valley Vista2 BED 1 BATH2BR,1BA$1.58
Hillside Glen Apartments2 Bedroom 1 Bath2BR,1BA$1.64
LAK-105061bd-1ba1BR,1BA$1.26
Sandman Apartments1BD/1BA - 936 SQ FT1BR,1BA$1.38
Landing on Chicago2 Bed 1 Bath2BR,1BA$1.60
Bridgewood Estates Apartments1BR/1.0BA1BR,1BA$1.66
Ash Creek Apartments1 Bed 1 Bath1BR,1BA$1.55

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Frequently Asked Questions about Lakewood

What type of rentals are currently available in Lakewood?

There are currently 580 Apartments for Rent in Lakewood, WA with pricing that ranges from $800 to $5,176. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $699 to $3,900.

What is the current price range for Rental Homes in Lakewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakewood ranges from $699 to $3,900 with an average monthly rent of $2,503.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

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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.

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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.

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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.