Last updated
Average Rent in Lakewood, WA & Rent Trends
Rent prices and market trends across 10 apartment communities in Lakewood, WA. Updated daily.
Market Average
$1,758/mo
▼ 6.5% from last month
Lowest Available
$1,095/mo
cheapest unit on market
Communities
10
tracked daily
Units Listed
64
available now
Price Cuts This Week in Lakewood, WA
11 listed units across 4 buildings in Lakewood, WA dropped their asking rent in the past 7 days, an average cut of $185/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Trey/Swan Grove Apartments | Unit 202 | $2,345 | $1,315 | $1,030 |
| Village at Seeley Lake | Unit 14 | $1,917 | $1,693 | $224 |
| Village at Seeley Lake | Unit 18, 2B | $2,097 | $1,958 | $139 |
| Village at Seeley Lake | Unit 16, 2B | $2,071 | $1,933 | $138 |
| Village at Seeley Lake | Unit 6, 1B | $1,601 | $1,469 | $132 |
| Morningtree Park Apartments | Unit 5 | $1,685 | $1,585 | $100 |
| Village at Seeley Lake | Unit 3, 1A | $1,628 | $1,557 | $71 |
| Beaumont Grand Apartment Homes | Unit 1 | $1,829 | $1,764 | $65 |
Rent by Neighborhood in Lakewood, WA
Compare average rent across Lakewood, WA neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Lakewood 98499 | $1,769 | - | $1,095 | 7 | 53 |
| Lakewood 98498 | $1,741 | - | $1,275 | 3 | 12 |
Is Rent Going Up or Down in Lakewood, WA?
As of July 2026, the average rent in Lakewood, WA is $1,758 per month across 10 apartment communities and 64 available units. Rents have decreased $119 (6.5%) over the past month.
The most affordable option is The Lexington Apartments starting at $1,095/mo. By unit type, a studio averages $1,291/mo, a 1-bedroom averages $1,481/mo, a 2-bedroom averages $1,845/mo, a 3-bedroom averages $2,336/mo.
Prices range from $1,095 to $2,545 per month. The most common price point is the $1,400 range, where 17 units are currently listed.
Lakewood, WA Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| July 2026 | $1,753 | - | 10 |
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Lakewood, WA
Rent Prices by Apartment in Lakewood, WA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Lexington Apartments | $1,095/mo | $1,448/mo | 8 | 3.9 |
| Trey/Swan Grove Apartments | $1,210/mo | $1,461/mo | 3 | 4 |
| Morningtree Park Apartments | $1,275/mo | $1,531/mo | 5 | 3.3 |
| Waverly Manor | $1,355/mo | $1,654/mo | 9 | 3.9 |
| Village at Seeley Lake | $1,370/mo | $1,895/mo | 22 | 3 |
| Garden Square Apartments | $1,410/mo | $1,423/mo | 2 | 4.5 |
| Echelon Apartments | $1,558/mo | $1,993/mo | 5 | 3.4 |
Frequently Asked Questions About Rent in Lakewood, WA
What is the average rent in Lakewood, WA?
Is rent going up or down in Lakewood, WA?
What is the cheapest apartment in Lakewood, WA?
How much is a 1-bedroom apartment in Lakewood, WA?
How many apartments are available in Lakewood, WA?
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
$70,000/year
Based on the 30 percent rule, using our tracked average rent of $1,758/mo.
Comfortable income
$84,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,095/mo), you need to earn at least $44,000/year.
Cost of living in Lakewood, WA
We only have live rent data for Lakewood, WA so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,758 |
| Estimated total | $1,758/mo |
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
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
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
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 are refreshed annually.
Google Search Trends for Lakewood, WA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Lakewood, WA Apartments
Browse all 10 communities with daily-updated pricing and availability.