Apartments for Rent in Lakewood, WA

Prices and availability in Lakewood, WA were last updated on 14 May 2026.

The best apartments in Lakewood, WA are: Tyee Apartments, Timbre Apartments, Malibu Apartments, 6418 Mt. Tacoma Dr. S.W. and McChord Tudor Haus.

The average rent in Lakewood, WA is $1,625.

The price range for a studio apartment in Lakewood, WA is between $1,150 and $1,900.

The price range for a 1-bedroom apartment in Lakewood, WA is between $1,095 and $2,805.

The price range for a 2-bedroom apartment in Lakewood, WA is between $1,200 and $2,400.

The price range for a 3-bedroom apartment in Lakewood, WA is between $1,199 and $2,805.

In Lakewood 55% of the housing is rented out compared to 45% of homes are owned, according to the most recent Census Bureau estimates. 8% of Lakewood's apartments are found in large buildings of 50 units or more, 74% are located in smaller apartment complexes with less than 50 units, and 16% are single-family rentals.

The average age of rental buildings in Lakewood is 42 years old, with 13% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 99% are garden-style apartment communities, 1% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Lakewood come in a range of sizes and floorplans. Studio apartments represent 3% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 42% of the total apartments in the city, while 2-bedroom floorplans represent around 46% of all rentals in Lakewood. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.