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Average Rent in Lakewood 98498 & Rent Trends

What is the average rent in Lakewood 98498?

The average listed apartment rent in Lakewood 98498 is $1,674 per month, as of November 11, 2026. This sample includes 63 priced apartments in 5 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 11, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

Rent prices and market trends across 5 apartment communities in Lakewood 98498, Lakewood, WA. Prices update after successful source checks.

Area All Areas
Lakewood 98498 98499
Beds All Bedrooms 1 Bed 2 Bed 3 Bed

Showing any bedrooms in Lakewood 98498.

Market Average

$1,674/mo

▼ 0.6% from last month

Lowest Available

$1,100/mo

cheapest unit on market

Communities

5

tracked daily

Units Listed

63

available now

Lakewood 98498 vs Lakewood, WA Average

Lakewood 98498 is cheaper than the Lakewood, WA average by $179/mo (10%). The citywide average is $1,853/mo across all neighborhoods.

Is Rent Going Up or Down in Lakewood 98498?

As of November 2026, the average rent in Lakewood 98498 is $1,674 per month across 5 apartment communities and 63 available units. Rents have decreased $10 (0.6%) over the past month.

The most affordable option is The Harrison Apartment Homes starting at $1,100/mo. By unit type, a 1-bedroom averages $1,382/mo, a 2-bedroom averages $1,740/mo, a 3-bedroom averages $2,122/mo.

Prices range from $1,100 to $2,423 per month. The most common price point is the $1,800 range, where 20 units are currently listed.

Lakewood 98498 Rent Price History

Timeframe
View as table
Month Avg Rent Change Properties
July 2026 $1,696 - 5
August 2026 $1,701 +$5 5
September 2026 $1,721 +$20 5
October 2026 $1,776 +$55 7
November 2026 $1,768 -$8 7

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Lakewood 98498

1 Bed
$1,382
from $1,100 · 18 units
2 Bed
$1,740
from $1,275 · 39 units
3 Bed
$2,122
from $1,755 · 6 units

Rent Prices by Apartment in Lakewood 98498

Property Starting at Average Units Rating
The Harrison Apartment Homes $1,100/mo $1,578/mo 9 3.2
The Pointe At Lake Steilacoom Apartments $1,100/mo $1,663/mo 13 4.3
Morningtree Park Apartments $1,275/mo $1,539/mo 20 3.3
Beaumont Grand Apartment Homes $1,550/mo $1,877/mo 17 3.5
MOD 83 Apartments $1,595/mo $1,739/mo 4 3.5

Frequently Asked Questions About Rent in Lakewood 98498

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What is the average rent in Lakewood 98498?
The average listed apartment rent in Lakewood 98498 is $1,674 per month, as of November 11, 2026. This sample includes 63 priced apartments in 5 buildings. These are tracked asking prices, not signed leases.

What rent range can I find in Lakewood 98498?
The apartment listings we track in Lakewood 98498 range from $1,100 to $2,423 per month, as of November 11, 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Lakewood 98498?
The daily building-average rent was unchanged at whole-dollar precision over 30 days between observations in October 2026 and November 2026. This compares recorded asking rents. The current month's figures may still be incomplete, and the building mix can change.

How much is a 1-bedroom apartment in Lakewood 98498?
1-bedroom apartments average $1,382 per month across 18 priced listings in Lakewood 98498. Listed rents range from $1,100 to $1,655 per month, as of November 11, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 2-bedroom apartment in Lakewood 98498?
2-bedroom apartments average $1,740 per month across 39 priced listings in Lakewood 98498. Listed rents range from $1,275 to $1,925 per month, as of November 11, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 3-bedroom apartment in Lakewood 98498?
3-bedroom apartments average $2,122 per month across 6 priced listings in Lakewood 98498. Listed rents range from $1,755 to $2,423 per month, as of November 11, 2026. Compare apartments with similar floor plans and lease terms.

How do 1-bedroom and 2-bedroom rents compare in Lakewood 98498?
The 1-bedroom average is $1,382 per month across 18 listings. The 2-bedroom average is $1,740 across 39 listings, $358 (25.9%) higher. This is a comparison of listing groups, not the cost to upgrade a specific apartment.

Which tracked building has the lowest starting rent in Lakewood 98498?
The Harrison Apartment Homes has the lowest starting rent among the buildings in the comparison table, at $1,100 per month. We track 9 priced listings matching your bedroom choice in that building, as of November 11, 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

Which rent range has the most listings in Lakewood 98498?
The $1,800 to $2,000 monthly range has the most matching listings: 20 units, or 31.7% of the priced apartments we track in Lakewood 98498. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Lakewood 98498?
We track 63 priced units at 5 apartment buildings, as of November 11, 2026. This is not the total number of apartments in those buildings. A listing can change or become unavailable. Open the apartment details to check its latest status.

How much rent history is available for Lakewood 98498?
We have recorded rent data on 34 days from July 2026 through November 2026 for apartment listings in Lakewood 98498. Some dates can be missing. The chart only shows recorded data. The current month includes the days recorded so far.

Why can the headline rent differ from the trend chart in Lakewood 98498?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. The active community exclusions are Student housing and 55+ / senior community and Corporate housing and Military / active duty housing and Veteran housing. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Lakewood 98498 rent figures?
We schedule rent updates each day, but buildings can have different price-check dates. The latest accepted price check for these listings was November 11, 2026. The month label does not mean we checked every price today. Open the building or apartment details for its latest price and availability.

What salary do I need to live comfortably in Lakewood 98498?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$67,000/year

Based on the 30 percent rule, using our tracked average rent of $1,674/mo.

Comfortable income

$80,000/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 98498 is $70,524 , about 12% below the comfortable-living threshold.

Explore Lakewood 98498 Apartments

Browse all 5 communities with daily-updated pricing and availability.

Browse All Apartments Find Your Match

Cost of living in Lakewood 98498

Overall prices in Lakewood 98498 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 98498's regional price parities.

Category Monthly estimate
Rent (market average) $1,674
Utilities $652
Groceries $584
Transportation $1,553
Healthcare $758
Other goods and services $1,212
Estimated total $6,433/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.
Washington Rent Trends
Compare rent across all Washington cities
Explore Lakewood, WA on Map
See neighborhoods and rent data interactively
US-wide rent comparison
See how Lakewood, WA rents stack up against the national median

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