Apartments for Rent in Lakewood, WA

Prices and availability in Lakewood, WA were last updated on 3 Jun 2026.

The best apartments in Lakewood, WA are: Lakewood Meadows Senior Affordable Apartments, Sherwood Forest, MOD 83, Alpine Apartments and Cottage Lane.

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

The price range for a studio apartment in Lakewood, WA is between $1,195 and $2,195.

The price range for a 1-bedroom apartment in Lakewood, WA is between $1,150 and $2,422.

The price range for a 2-bedroom apartment in Lakewood, WA is between $1,195 and $3,300.

The price range for a 3-bedroom apartment in Lakewood, WA is between $1,199 and $2,600.

In Lakewood, 52% of the residents are renting compared to 48% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 7% of Lakewood's rentals, 76% are small-scale complexes with under 50 units, and 15% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lakewood are about 42 years old, on average. Of these, 13% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 99% of the rental communities here are low-rise, garden-style communities, 1% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Lakewood are around 3% of rentals, while 1-bedroom floor plans represent 42% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 46% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.