Cheap Apartments for Rent in the South Lakes Neighborhood of Lakewood, WA from $700 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Lakes area of Lakewood.

The Crossings Apartments
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South Lakes, Lakewood, WA Local Guide

How much does it cost to rent an apartment in South Lakes?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
South Lakes Studio Apartments | $1,282 | $1,282 | $1,282 |
South Lakes 1 Bedroom Apartments | $1,310 | $995 | $1,700 |
South Lakes 2 Bedroom Apartments | $1,585 | $1,225 | $2,295 |
South Lakes 3 Bedroom Apartments | $2,210 | $2,100 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the South Lakes Neighborhood of Lakewood, WA.
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South Lakes, Lakewood, WA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Washington Oaks | 1X1 | 1BR,1BA | $947 |
Western Terrace | One Bedroom One Bath | 1BR,1BA | $995 |
The Crossings Apartments | 1 | 1BR,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 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 |
12511 98th Ave Ct SW, Unit 19 | 12511 98th Ave Ct SW | 2BR,1BA | $1.96 |
12505 98th Avenue Ct SW, Unit #2 | 12505 98th Avenue Ct SW | 2BR,1BA | $2.09 |
Chandelle Apartments | Renovated 2 bedroom! Move In Special! | 2BR,1BA | $1.79 |
Whispering Firs | 2BR/1.0BA | 2BR,1BA | $1.76 |
Dimension Lakewood Apartments | 2BR/1.0BA | 2BR,1BA | $1.75 |
McChord Tudor Haus | 2BR/1.0BA | 2BR,1BA | $1.88 |
Washington Oaks | 1X1 | 1BR,1BA | $1.58 |
The Crossings Apartments | 1 | 1BR,1BA | $2.08 |
Western Terrace | One Bedroom One Bath | 1BR,1BA | $2.32 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleSouth Lakes, Lakewood, WA
Ranked #15
Among neighborhoods in Lakewood, WA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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
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 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.

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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.

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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.