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Apartments for Rent in Lakewood, WA - 5 Results

Renter's Guide to Lakewood

Lakewood, Washington is a relatively new (est. 1996) city that is the second largest in Pierce County and the 18th largest in the state. Known primarily for its lakes and outdoor recreation, Lakewood is just 11 miles from Tacoma, 41 miles from Seattle, and 21.5 miles from Olympia. It’s regularly named one of the best cities for young people (median age is 36.6 years).

Lakewood weather is similar to many cities in the Pacific Northwest, with lots of rain. Lakewood averages 39 inches of rain per year (Slightly more than the U.S. average of 37 inches) and it has about 146 days of precipitation. The average temperature in July is 76°F and the low in January is 37°F.

Lakewood, WA Demographics

  • Total Population85,018
  • Female 42,380
    Male 42,636
  • Median Age30.91

Cost of Living in Lakewood, WA

Locally, Lakewood is serviced by Pierce Transit, which includes vanpool, paratransit, and bus lines; the one-way bus fare is $2. If you work out of the region, driving is your best option and the average commute time is 25 minutes, one minute quicker than the national average.

The cost of eating out in Lakewood is about $50 for a 3-course dinner for two, however, there are plenty of low-cost options (Pizza Hut is a Lakewood favorite). Lakewood residents pay approximately $135 per month for utilities, about 20% less than the national average.

Lakewood, WA Average Rent

  • Lakewood, WA Average Rental Price, December, 2016$949/mo
  • Studio$628
  • 1 Bedroom$804
  • 2 Bedrooms$1,040

Lakewood, WA Apartment Rent Ranges

  • 10%$501-$700
  • 49%$701-$1,000
  • 40%$1,001-$1,500
  • 1%$1,501-$2,000

Lakewood, WA Rent Trends

All Rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent December, 2016 $949 $628 $804 $1,040
May / 2016 $918 $638 $792 $999
Jan / 2016 $879 $597 $749 $959
Sept / 2015 $876 $594 $746 $962
May / 2015 $833 $550 $736 $910
Jan / 2015 $811 $576 $711 $889
Sept / 2014 $789 $529 $693 $855
May / 2014 $787 $542 $693 $869
Jan / 2014 $796 $527 $683 $870
Sept / 2013 $819 $533 $685 $871
May / 2013 $772 $547 $681 $855
Jan / 2013 $777 $547 $677 $854
/

Average rent is projected to grow by 9% in 2016 compared to 2015.

Please note that projected rent growth is calculated at city level.

Average rent values on this page are aggregated from data from the following zip codes: 983889843098433984399849898499

Living in Lakewood, WA

If you love the outdoors and lush greenery, Lakewood has a lot going for it as there are a lot of trees, open space and recreational opportunities in the area. There is also a wide variety of places to eat, shop, or find something entertaining to do. The downsides to Lakewood is the urban sprawl; there is no real downtown area and there are quite a few bad or seedy areas with high crime. If you are from the Northwest, you already know about the rainy/gloomy weather for much of the year.

Lakewood is predominantly white (almost 54%) with about 17% Hispanic and 10% black. There is also a strong Vietnamese and Korean community.

Things to do in Lakewood

As the name implies, Lakewood has both lakes and woods. There are five lakes that provide  fishing, rowing, and water skiing opportunities, and 11 parks that have a total of over 540 acres. At many of them there is hiking, swimming and children’s playgrounds along with rentable covered shelters for 25-100 people. This includes the popular Fort Steilecoom Park, the largest one, which also has 2 off-leash areas for dogs.

For those that feel the need for speed, Grand Prix Raceway is one of the fastest indoor kart racing tracks in the nation. It’s fast and furious fun for anyone over 18 (although minors over 5 feet tall can drive with a signed waiver from their parents). Of course, for the more mellow date nights, AMC Lakewood is a popular first-run movie theater with 12 screens and arena-style seating.

Popular annual events in Lakewood include Truck & Tractor Day (October), Christmas Tree Lighting Ceremony (December), and SummerFest (July), featuring food, music, movies, and other live events. This area of the Pacific Northwest is known for its wide array of cultural diversions, with Seattle being considered #1 in the entire U.S.

Employment and Economy

There is a higher level of unemployment in Lakewood as compared to the rest of the state and about 20% of its residents live in poverty. The major employer is the military as there are a number of bases in the area. There are no major corporations residing within the boundaries of Lakewood. The most common jobs here are in sales, office, or administration work.

Lakewood, WA Households

  • Total Number of Households31,925
  • Family 20,841
    Non-family 11,086
  • Children 11,319
    No Children 20,608
  • Average People Per Household2.66
  • Median Household Income$44,297
  • Median Household Disposable Income$55,560

Lakewood, WA Crime Rate and Statistics

National Average

Below Average 100 Above Average
Total Crime Risk
92
Assault Risk
84
Automotive Theft Risk
99
Property Crime Risk
97
Rape Risk
89
Robbery Risk
39

Education in Lakewood

There are a few community colleges in the area including Clover Park Technical College and Pierce College, which receive average marks for educational facilities. Lakewood could be considered a suburb of Seattle, so many fine schools including University of Washington and Washington State University are within commuting distance.

Lakewood, WA Education Statistics

  • 4%No High School
  • 13%Some HighSchool
  • 37%Some College
  • 13%Associate Degree
  • 22%Bachelor Degree
  • 11%Graduate Degree

Tips for Renting in Lakewood

Lakewood tenants have the Community Safety Resource Team (CSRT) looking after them which has its own hotline. There is also the Landlord Liaison Project which helps those who are homeless or have a spotty record find housing. Rent control is illegal in Washington state and a landlord may raise the rent any amount as long as they give 30 days’ notice.

If you are looking to rent a house or apartment in Lakewood, it’s always a good idea to put your best foot forward. Arrive on time to any appointment, be professionally dressed, and have the rental agreement filled out beforehand, if possible. There are plenty of great affordable places to rent here, especially for young people who want to be near (but can’t afford) Seattle. And, of course, the best place to look for them is right here on RentCafe.com!

RENTCafé is your one-stop shop for finding a great new apartment in Lakewood, WA. Easily search through a wide selection of apartments for rent in Lakewood, WA, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Lakewood, WA apartments with rents starting from $605 and submit your rental application today!

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