Apartments for Rent in Lakewood, WA

Prices and availability in Lakewood, WA were last updated on 25 Oct 2026.

The best apartments in Lakewood, WA are: Timbre Apartments, Arbor Pointe, MOD 83, Bellamy Park and Morningtree Park.

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

The price range for a studio apartment in Lakewood, WA is between $1,095 and $2,359.

The price range for a 1-bedroom apartment in Lakewood, WA is between $979 and $2,974.

The price range for a 2-bedroom apartment in Lakewood, WA is between $979 and $2,954.

The price range for a 3-bedroom apartment in Lakewood, WA is between $1,095 and $3,881.

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.

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.