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Rental market trends in Lakewood, WA

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Average Rent in Lakewood, WA

Average Rent in Lakewood, WA

Avg. RentAnnual Change
Studio - $1,4570%
1 Bed - $1,598+4%
2 Beds - $1,822+1%
Last updated 3/2/2024

Average Apartment Cost in Lakewood, WA

The average rent for apartments in Lakewood, WA, is between $1,457 and $1,822 in 2024. For a studio apartment in Lakewood, WA, the average rent is $1,457. When it comes to 1-bedroom apartments, the average rent in Lakewood, WA, is $1,598. For a 2-bedroom apartment, the average rent is $1,822.

Apartment Rent Ranges in Lakewood, WA

Apartment PricesProportion
0%
1%
51%
22%
26%

Neighborhood Apartment Rent Trends in Lakewood, WA

NeighborhoodStudio Avg RentAnnual Change
Downtown$1,4570%
North Lakewood$1,4570%
Pacific$1,150--
Lakeview$1,085+21%
Neighborhood1 Bed Avg RentAnnual Change
Downtown$1,589+21%
North Lakewood$1,574+20%
South Lakes$1,495+20%
Northeast Lakewood$1,295--
Montgrove$1,295-7%
Lakeview$1,2710%
Pacific$1,095-15%
Central Lakes$995-39%
Neighborhood2 Beds Avg RentAnnual Change
Lakeview$2,086-3%
Downtown$1,947+8%
North Lakewood$1,824-1%
South Lakes$1,550--
Central Lakes$1,495-17%
Northeast Lakewood$1,395--
Pacific$1,295-7%

How Other Cities Compare to Lakewood, WA

CityStudio Avg RentAnnual Change
Renton$1,955--
Woodinville$1,895-5%
Lynnwood$1,875-1%
Silverdale$1,788+20%
University Place$1,779+17%
Edmonds$1,749+1%
Kirkland$1,748+2%
Kent$1,674-9%
Burien$1,672--
Bothell$1,664-10%
Bremerton$1,570-19%
Tukwila$1,517-25%
Lacey$1,4990%
Auburn$1,467+5%
Tacoma$1,443+4%
Seattle$1,397-9%
Federal Way$1,2150%
Olympia$1,210-15%
City1 Bed Avg RentAnnual Change
Lynnwood$2,220+27%
Seattle$2,185-3%
Woodinville$2,149+7%
Issaquah$2,025+2%
Maple Valley$2,005-2%
Bothell$1,967+3%
Burien$1,930+31%
Gig Harbor$1,912-7%
Lacey$1,820+1%
Silverdale$1,785+1%
Renton$1,737-23%
Kent$1,628-3%
Puyallup$1,600-4%
Edmonds$1,595-9%
Auburn$1,591-4%
Federal Way$1,550+1%
Tacoma$1,540-1%
Tukwila$1,4970%
Bremerton$1,475-4%
University Place$1,435+3%
Olympia$1,375-2%
City2 Beds Avg RentAnnual Change
Bellevue$3,593-1%
Issaquah$3,408+38%
Woodinville$3,020-8%
Seattle$3,019-8%
Bothell$2,705+10%
Lynnwood$2,622+3%
Maple Valley$2,512+8%
University Place$2,507+57%
Kirkland$2,500+2%
Renton$2,251-33%
Burien$2,119+12%
Olympia$2,057+7%
Silverdale$2,034+8%
Kenmore$1,950--
Auburn$1,849+6%
Kent$1,845-12%
Federal Way$1,805-2%
Bremerton$1,8000%
Edmonds$1,800-12%
Tukwila$1,795-8%
Tacoma$1,790-13%
Puyallup$1,750-4%
Gig Harbor$1,657+14%
Lacey$1,625-7%

Lakewood, WA Rent Trends

Studio1 Bed2 Beds
Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024
$1018$1018$1018$1018$1018$1457$1457$1457$1085$1209$1333$1457$1457
$1565$1545$1597$1623$1580$1584$1559$1555$1495$1495$1522$1592$1554
$1925$1922$1955$1933$2005$1898$1893$1878$1838$1914$1845$1822$1845
$2636$2718$2778$2930$2840$2503$2531$2537$2470$2525$2397$2397$2397

Neighborhood Information for Lakewood, WA

What are the most affordable neighborhoods in Lakewood, WA?

The most affordable neighborhoods in Lakewood are Central Lakes, where the average 1-bedroom apartment rent goes for $995, Pacific, where renters pay $1,095 on average for a 1-bedroom apartment, and Lakeview, where the average 1-bedroom apartment rent goes for $1,271. If you're looking for other great deals, check out the listings in Northeast Lakewood ($1,295 for a 1-bedroom apartment) or Montgrove ($1,295 for a 1-bedroom apartment), compared to the $1,598 average for a Lakewood 1-bedroom apartment.

What are the most expensive neighborhoods in Lakewood, WA?

The most affordable neighborhoods in Lakewood are Downtown, where the average 1-bedroom apartment rent goes for $1,589, North Lakewood, where renters pay $1,574 on average for a 1-bedroom apartment, and South Lakes, where the average 1-bedroom apartment rent goes for $1,495. If you're looking for other great deals, check out the listings in Northeast Lakewood ($1,295 for a 1-bedroom apartment) or Montgrove ($1,295 for a 1-bedroom apartment), compared to the $1,598 average for a Lakewood 1-bedroom apartment.

What are the most popular neighborhoods in Lakewood, WA?

The most popular neighborhoods in Lakewood are Northeast Lakewood, where the average 1-bedroom apartment rent goes for $1,295, North Lakewood, where renters pay $1,574 on average for a 1-bedroom apartment, and Downtown, where the average 1-bedroom apartment rent goes for $1,589. If you're looking for other popular neighborhoods, check out the listings in Lakeview ($1,271 for a 1-bedroom apartment) or Montgrove ($1,295 for a 1-bedroom apartment), compared to the $1,598 average for a Lakewood 1-bedroom apartment.

Nearby Listings

  • Echelon Apartments property

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    Echelon Apartments

    Studio–3 Beds • 1–2 Baths

    506–1158 Sqft

    6 Units Available

  • Village at Seeley Lake property

    $1,448+

    Village at Seeley Lake

    1–3 Beds • 1–2 Baths

    586–1350 Sqft

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  • Lakeview South property

    $1,250

    Lakeview South

    1 Bed • 1 Bath

    600 Sqft

    1 Unit Available

  • Oak Terrace property

    $1,625+

    Oak Terrace

    1–2 Beds • 1 Bath

    680–865 Sqft

    Available 3/8

  • Chandelle Apartments property

    $1,395

    Chandelle Apartments

    2 Beds • 1 Bath

    775 Sqft

    1 Unit Available

  • Brighton Place property

    $1,700+

    Brighton Place

    1–3 Beds • 1–2 Baths

    800–1145 Sqft

    2 Units Available