Average Rent in Lakewood, WA
What is the average rent in Lakewood, WA?
The average listed apartment rent in Lakewood, WA is $1,793 per month, as of November 15, 2026. This sample includes 133 priced apartments in 11 buildings. These are tracked asking prices, not signed leases.
We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Included building observations run from November 8, 2026 through November 15, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.
11 apartment buildings, 133 units. Recorded asking prices and price history where available.
Browse apartments in Lakewood, WACheapest
$1,100/mo
The Harrison Apartment Homes
Properties
11
tracked daily
Units
133
available now
Lakewood, WA Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 11 properties in Lakewood, WA.
Average rent trend, last 3 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Lakewood, WA Rent Prices
All 11 properties ranked by lowest available rent.
The Harrison Apartment Homes
8311 83rd St SW, Lakewood, WA 98498, USA
The Pointe At Lake Steilacoom Apartments
8416 Phillips Rd SW, Lakewood, WA 98498, USA
Morningtree Park Apartments
8101 83rd Ave SW, Lakewood, WA 98498, USA
James Apartments in Lakewood, WA
4828 123rd St SW E10, Lakewood, WA 98499, USA
Waverly Manor
5453 Steilacoom Blvd SW, Lakewood, WA 98499, USA
Garden Square Apartments
8616 Hipkins Rd SW, Lakewood, WA 98498, USA
Village at Seeley Lake
9501 59th Ave SW, Lakewood, WA 98499, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | The Harrison Apartment Homes 8311 83rd St SW, Lakewood, WA 98498, USA | $1,100 as of Nov 7 | $1,578 | $1.75/ft² | 3.2 (130) | 9 |
| 2 | The Pointe At Lake Steilacoom Apartments 8416 Phillips Rd SW, Lakewood, WA 98498, USA | $1,100 as of Nov 7 | $1,663 | $1.77/ft² | 4.3 (45) | 13 |
| 3 | Morningtree Park Apartments 8101 83rd Ave SW, Lakewood, WA 98498, USA | $1,275 | $1,539 | $2.36/ft² | 3.3 (192) | 20 |
| 4 | James Apartments in Lakewood, WA 4828 123rd St SW E10, Lakewood, WA 98499, USA | $1,395 as of Nov 8 | $1,653 | $2.11/ft² | 3.4 (105) | 4 |
| 5 | Waverly Manor 5453 Steilacoom Blvd SW, Lakewood, WA 98499, USA | $1,420 | $1,760 | $1.79/ft² | 3.9 (14) | 14 |
| 6 | Garden Square Apartments 8616 Hipkins Rd SW, Lakewood, WA 98498, USA | $1,435 as of Oct 25 | $1,435 | $2.39/ft² | 4.5 (21) | 3 |
| 7 | Village at Seeley Lake 9501 59th Ave SW, Lakewood, WA 98499, USA | $1,504 | $1,901 | $2.17/ft² | 3 (278) | 31 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
The Harrison Apartment Homes
3.2 (130)8311 83rd St SW, Lakewood, WA 98498, USA
The Pointe At Lake Steilacoom Apartments
4.3 (45)8416 Phillips Rd SW, Lakewood, WA 98498, USA
Morningtree Park Apartments
3.3 (192)8101 83rd Ave SW, Lakewood, WA 98498, USA
James Apartments in Lakewood, WA
3.4 (105)4828 123rd St SW E10, Lakewood, WA 98499, USA
Waverly Manor
3.9 (14)5453 Steilacoom Blvd SW, Lakewood, WA 98499, USA
Garden Square Apartments
4.5 (21)8616 Hipkins Rd SW, Lakewood, WA 98498, USA
By Area
Lakewood, WA neighborhoods
Tracked buildings across 2 named neighborhoods. Pick one to see its apartments.
Lakewood, WA Average Rent Prices 2026
The average listed rent in Lakewood, WA is $1,793 per month, based on 133 units across 11 apartment communities. Prices range from $1,100 at The Harrison Apartment Homes to $2,641 at Timbre Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $1,489/mo | $1,100/mo | 40 |
| 2 Bed | $1,833/mo | $1,275/mo | 73 |
| 3 Bed | $2,258/mo | $1,755/mo | 20 |
We schedule daily price checks. The included observations can have different dates. Request an area we do not cover so we can review it for coverage.
Market Context
Who rents in Lakewood, WA, and what they pay
Tracked one-bedroom rent in Lakewood, WA averages $1,489/mo , with two-bedroom units averaging $1,833/mo. At the local median household income of $70,524, that works out to 31% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Lakewood, WA at $1,460/mo. The current tracked market average runs 23% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Lakewood, WA while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Lakewood, WA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$72,000/year
Based on the 30 percent rule, using our tracked average rent of $1,793/mo.
Comfortable income
$86,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,100/mo), you need to earn at least $44,000/year.
Median household income in Lakewood, WA is $70,524 , about 18% below the comfortable-living threshold.
Cost of living in Lakewood, WA
Overall prices in Lakewood, WA runs above the national average by about 13% (BEA Regional Price Parity index 112.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Lakewood, WA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,793 |
| Utilities | $652 |
| Groceries | $584 |
| Transportation | $1,553 |
| Healthcare | $758 |
| Other goods and services | $1,212 |
| Estimated total | $6,552/mo |
Population
63,034
Median household income
$70,524
Census median rent
$1,460/mo
Census rent burden
31.7%
Median age
36.3
Mean commute
29 min
Methodology
Rent data
We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Washington
How Lakewood, WA rent compares to other markets in the state.
| City | Avg Rent | vs Lakewood, WA | Properties |
|---|---|---|---|
| Seattle, WA | $3,021 | +68% | 61 |
| Bellevue, WA | $3,499 | +95% | 21 |
| Auburn, WA | $1,816 | +1% | 20 |
| Bellingham, WA | $1,474 | -18% | 19 |
| Everett, WA | $2,092 | +17% | 19 |
| Renton, WA | $2,254 | +26% | 16 |
Frequently asked questions
What is the average rent in Lakewood, WA?
The average listed apartment rent in Lakewood, WA is $1,793 per month, as of November 15, 2026. This sample includes 133 priced apartments in 11 buildings. These are tracked asking prices, not signed leases.
What is the median rent in Lakewood, WA?
The median asking rent in Lakewood, WA is $1,785 per month, computed from 133 priced listings; check the observation dates shown on this page. The average is $1,793/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Lakewood, WA?
The lowest available rent in Lakewood, WA starts at $1,100 per month. Confirm current availability, fees, and lease terms with the selected listing.
How much is a 1-bedroom apartment in Lakewood, WA?
1-bedroom apartments in Lakewood, WA average $1,489/mo. The lowest listed 1-bedroom starts at $1,100/mo across 40 units tracked.
How much is a 2-bedroom apartment in Lakewood, WA?
2-bedroom apartments in Lakewood, WA average $1,833/mo. Units start from $1,275/mo across 73 units currently listed.
Rent Trends in Lakewood, WA
Track how apartment prices are changing over time.
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