Last updated
Average Rent in Lakewood, WA & Rent Trends
Rent prices and market trends across 13 apartment communities in Lakewood, WA. Updated daily.
Market Average
$1,886/mo
Lowest Available
$1,275/mo
cheapest unit on market
Communities
13
tracked daily
Units Listed
113
available now
Rent Watch: cuts and increases
Open Rent Watch →See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.
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 | $1,931 | ▲ $97 | $1,345 | 7 | 77 |
| Lakewood 98498 | $1,790 | ▼ $3 | $1,275 | 6 | 36 |
Is Rent Going Up or Down in Lakewood, WA?
As of October 2026, the average rent in Lakewood, WA is $1,886 per month across 13 apartment communities and 113 available units.
The most affordable option is Morningtree Park Apartments starting at $1,275/mo. By unit type, a studio averages $1,828/mo, a 1-bedroom averages $1,603/mo, a 2-bedroom averages $1,960/mo, a 3-bedroom averages $2,456/mo.
Prices range from $1,275 to $2,625 per month. The most common price point is the $1,600 range, where 33 units are currently listed.
Lakewood, WA Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| July 2026 | $1,730 | - | 12 |
| August 2026 | $1,780 | +$50 | 12 |
| September 2026 | $1,804 | +$24 | 12 |
| October 2026 | $1,886 | +$82 | 15 |
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, WA
Rent Prices by Apartment in Lakewood, WA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Morningtree Park Apartments | $1,275/mo | $1,497/mo | 6 | 3.3 |
| Heron Heights Apartments | $1,345/mo | $1,830/mo | 15 | 3.6 |
| The Meadowlark Apartments | $1,345/mo | $1,830/mo | 15 | 4.4 |
| Beaumont Grand Apartment Homes | $1,550/mo | $1,904/mo | 13 | 3.5 |
| Village at Seeley Lake | $1,643/mo | $1,958/mo | 22 | 3 |
| MOD 83 Apartments | $1,659/mo | $1,772/mo | 8 | 3.5 |
| Oak Terrace Apartments | $1,675/mo | $1,828/mo | 6 | 4.3 |
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
$75,000/year
Based on the 30 percent rule, using our tracked average rent of $1,886/mo.
Comfortable income
$91,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,275/mo), you need to earn at least $51,000/year.
Median household income in Lakewood, WA is $70,524 , about 22% 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) | $1,886 |
| Utilities | $652 |
| Groceries | $584 |
| Transportation | $1,553 |
| Healthcare | $758 |
| Other goods and services | $1,212 |
| Estimated total | $6,645/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
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 were last published in 2023.
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
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