Apartments for Rent in Lakewood, WA
47 Rentals Available

Q: What are the best apartments in Lakewood, WA?

The best apartments in Lakewood, WA are: Merrill Creek , MOD 83 , Arbor Pointe , Echelon and Pacific Walk .

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Frequently Asked Questions

When were prices and availability in Lakewood, WA last updated?

Prices and availability in Lakewood, WA were last updated on 26 May 2022.

What are the best apartments in Lakewood, WA?

The best apartments in Lakewood, WA are: Merrill Creek, MOD 83, Arbor Pointe, Echelon and Pacific Walk.

What is the average rent in Lakewood, WA?

The average rent in Lakewood, WA is $1,532. Start your search for apartments in Lakewood, WA now.

What is the price range for a studio apartment in Lakewood, WA?

The price range for a studio apartment in Lakewood, WA is between $995 and $3,176. View all studio apartments in Lakewood, WA.

What is the price range for a 1-bedroom apartment in Lakewood, WA?

The price range for a 1-bedroom apartment in Lakewood, WA is between $1,025 and $3,514. Browse all available 1-bedroom apartments in Lakewood, WA now.

What is the price range for a 2-bedroom apartment in Lakewood, WA?

The price range for a 2-bedroom apartment in Lakewood, WA is between $1,230 and $4,389. Browse and find a 2-bedroom apartment in Lakewood, WA.

What is the price range for a 3-bedroom apartment in Lakewood, WA?

The price range for a 3-bedroom apartment in Lakewood, WA is between $1,299 and $5,085. Browse all available 3-bedroom apartments in Lakewood, WA.

Renter's guide to Lakewood, WA

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 Population60,111
Female 30,355

Male 29,756
Median Age35.7

Lakewood, WA has a population of 60,111 according to the most recent data from the U.S. Census Bureau. 29,756 of Lakewood’s residents are women and 30,355 are men. The median age of those who live in Lakewood, WA is 35.7.

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.

Average Rent in Lakewood, WA

Lakewood, WA Average Rental Price, April 2022 $1,532 ^/mo

The average monthly rent of apartments in Lakewood, WA is $1,532.

Lakewood, WA Apartment Rent Ranges

About 38% of apartment rents in Lakewood, WA range between $1,001-$1,500. Meanwhile, apartments priced over $1,501-$2,000 represent 46% of apartments. Around 7% of Lakewood’s apartments are in the $701-$1,000 price range. 1% of apartments are priced between $501-$700.

Lakewood, WA Rent Trends

Average Rent	Mar / 2019	Jul / 2019	Nov / 2019	Mar / 2020	Jul / 2020	Nov / 2020	Mar / 2021	Jul / 2021	Nov / 2021	Apr / 2022
Lakewood, WA	$1,150	$1,167	$1,207	$1,239	$1,245	$1,285	$1,341	$1,404	$1,495	$1,532
National	$1,367	$1,399	$1,407	$1,409	$1,399	$1,403	$1,412	$1,495	$1,591	$1,628

Compared to the national average rent of $1,628, the average rent in Lakewood, WA is $1,532.

Check out the average rent prices in Lakewood by neighborhood.

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, WA

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.

Lakewood, WA employment & 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 Households24,725
Family 14,925

Non-family 9,800
Children 6,854

No Children 17,871

Average People Per Household2.38
Median Household Income$51,972
Median Housing Costs Per Month$1,092

According to U.S. Census data, there are 24,725 households in Lakewood, WA. 14,925 are family households and 9,800 are non-family households. There are 6,854 households with children in Lakewood and 17,871 households without children. On average, about 2.38 people live in a household in Lakewood, WA. The median income of a Lakewood household living in Lakewood is $51,972 per year. The median housing costs per month are $1,092.

Education in Lakewood, WA

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

The level of education of the population of Lakewood, WA is as follows: 3% have no high school education, 36% completed some high school, 31% partially completed college, 11% have an Associate Degree, 12% have a Bachelor Degree, and 7% have a Graduate Degree.

Tips for renting in Lakewood, WA

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!

Most Expensive Rental
The Village at Seeley Lake $1,503 - $5,085
Least Expensive Rental
Alpine Apartments $995

RentCafe 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 $995 and submit your rental application today!

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Apartments for Rent in Lakewood, WA 47 Rentals Available

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