Rentometer, Inc. | Data as of 10/22/2025
Lakewood, Washington blends suburban comfort with easy access to the vibrant Seattle‑Tacoma corridor, making it a sought‑after destination for renters seeking both convenience and a strong sense of community. The city is anchored by scenic parks such as Lakewood Towne Center and the historic Fort Steilacoom, while nearby retail hubs, dining districts, and public transit options provide residents with a well‑rounded lifestyle. These amenities, combined with a diverse housing stock, keep the Lakewood rental market dynamic and welcoming for professionals, families, and students alike.
Apartment living in Lakewood offers a range of choices, from efficient studios to spacious three‑bedroom units. Prospective tenants can expect studio rentals in the $1,200–$1,400 range, while one‑bedroom apartments typically fall within the $1,300–$1,400 bracket. Two‑bedroom apartments are more commonly found in the $1,600–$1,650 range, and larger three‑bedroom layouts often command rents in the $2,100–$2,200 spectrum. These figures reflect a balanced market where modern amenities and proximity to local attractions are reflected in competitive pricing.
For those preferring a house, Lakewood presents options that accommodate growing families and those desiring additional space. One‑bedroom homes generally rent in the $1,500–$1,600 range, while two‑bedroom houses are typically priced around $1,900–$2,000. Larger families looking for three‑bedroom homes will find rentals in the $2,500–$2,600 band, and properties with four or more bedrooms often command rates in the $3,200–$3,600 range. Neighborhoods such as West Lakewood and the Riverside district are particularly popular for their blend of suburban tranquility and easy access to schools, parks, and shopping corridors, reinforcing Lakewood’s reputation as a versatile rental market in Washington.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,283 | $1,335 | $825 - $1,550 | $1,125 - $1,400 |
| Apartment | 1 Bedroom | $1,342 | $1,299 | $860 - $2,030 | $1,175 - $1,525 |
| Apartment | 2 Bedroom | $1,641 | $1,641 | $1,125 - $3,500 | $1,415 - $1,800 |
| Apartment | 3 Bedroom | $2,142 | $2,100 | $1,407 - $2,740 | $1,919 - $2,303 |
| House | 1 Bedroom | $1,541 | $1,495 | $1,100 - $2,000 | $1,300 - $1,725 |
| House | 2 Bedroom | $1,947 | $1,850 | $1,345 - $2,900 | $1,700 - $2,150 |
| House | 3 Bedroom | $2,550 | $2,500 | $1,200 - $3,500 | $2,250 - $2,795 |
| House | 4+ Bedroom | $3,528 | $3,271 | $2,500 - $8,500 | $2,900 - $3,500 |
In the current period, the average rent in Lakewood was $1,467 for Studio, $1,358 for 1 Bedroom, $1,696 for 2 Bedroom, $2,449 for 3 Bedroom, and $3,452 for 4+ Bedroom.
Data provided by Rentometer, Inc.