Cheap Apartments for Rent in the South Lakes Neighborhood of Lakewood, WA from $700 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the South Lakes area of Lakewood.

close
View Me
14510 Washington Ave SW
1 Bedroom Apartments

14510 Washington Ave SW

14510 Washington Ave SWLakewood, WA 98498
  • Utilities Included
close
View Me
Emerald Village
1 Bedroom Apartments

Emerald Village

5610 Boston Ave SWLakewood, WA 98499
  • Utilities Included
close
View Me
Lincoln Court Apartments
1 to 2 Bedroom Apartments

Lincoln Court Apartments

12908-12918 Lincoln Ave SWLakewood, WA 98499
  • Utilities Included
close
View Me
Washington Oaks
1 Bedroom Apartments

Washington Oaks

15308 Washington Ave SWLakewood, WA 98498
  • Utilities Included
close
View Me
12506 98th Avenue Ct SW
1 to 2 Bedroom Apartments

12506 98th Avenue Ct SW

12506 98th Avenue Ct SWLakewood, WA 98498
  • Utilities Included

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.

South Lakes, Lakewood, WA Local Guide

Cheapest Available South Lakes Apartments for Rent

 

The cheapest available apartment rental in the South Lakes area of Lakewood, WA is a 1 Bed unit found at Washington Oaks priced from $947. Western Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable South Lakes apartments for rent in Lakewood, WA:

Apartment ListingModel NameBed/BathPriced From
Washington Oaks1X11BR,1BA$947
Western TerraceOne Bedroom One Bath1BR,1BA$995
The Crossings Apartments11BR,1BA$1,080

Best Value Apartments for Rent in South Lakes, WA

As of April 30, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
15422 Rose Rd SW, Unit WaterFront American Lake15422 Rose Rd SW3BR,2BA$1.14
12511 98th Ave Ct SW, Unit 1912511 98th Ave Ct SW2BR,1BA$1.96
12505 98th Avenue Ct SW, Unit #212505 98th Avenue Ct SW2BR,1BA$2.09
Chandelle ApartmentsRenovated 2 bedroom! Move In Special!2BR,1BA$1.79
Whispering Firs2BR/1.0BA2BR,1BA$1.76
Dimension Lakewood Apartments2BR/1.0BA2BR,1BA$1.75
McChord Tudor Haus2BR/1.0BA2BR,1BA$1.88
Washington Oaks1X11BR,1BA$1.58
The Crossings Apartments11BR,1BA$2.08
Western TerraceOne Bedroom One Bath1BR,1BA$2.32

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
South Lakes, Lakewood, WA

Ranked #15

Among neighborhoods in Lakewood, WA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the South Lakes Neighborhood in Lakewood, WA

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap South Lakes Apartments

What is the Cheapest Studio apartment in South Lakes?

Currently the most affordable Cheap Studio Apartment in South Lakes is at Swan Grove Apartments listed at $1,282.

How much is rent for a Cheap One Bedroom South Lakes Apartment?

The lowest price for a Cheap One Bedroom South Lakes Apartment is $947 at Washington Oaks.

What is the lowest price for a Cheap Two Bedroom South Lakes Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Lakes is starting from $1,225 at Dimension Lakewood Apartments.

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 Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.