Wellstone Apartments
12535 Bridgeport Way SW,
Lakewood, WA 98499
Studio - 2 Beds | $1,681 - $2,946
Rental Market Trends in Lakewood, WA
What is the average rent in Lakewood, WA?
$1,206/month
Average Rent
607 Sq Ft
Average Apartment Size
+1.3%
Increase in the Last Year
As of December 2024, the average rent in Lakewood, WA is $1,206 per month. This is 23% lower than the national average rent of $1,560/month, making renting in Lakewood more affordable than most cities in the US. When you rent an apartment in Lakewood, you can expect to pay about $1,089 per month for a studio, $1,206 for a one-bedroom apartment, and around $1,508 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,201 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lakewood, WA?
In the past year, rent has increased by 1.3%, which averages out to $16 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Lakewood, WA
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
14%
Below $700/month
32%
$700 - $1,000/month
30%
$1,001 - $1,500/month
22%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lakewood?
Based on current rent prices, Northeast Lakewood, Pacific and Central Lakes are the most affordable neighborhoods in Lakewood.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lakewood?
Based on current rent prices, South Lakes, North Lakewood and Lakeview Tacoma are the most expensive neighborhoods in Lakewood.
Neighborhood
Average Rent
Average Sq Ft
Which Lakewood neighborhoods have the most rentals available?
The neighborhoods in Lakewood with the most apartments available are North Lakewood, Central Lakes and Lakeview Tacoma .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lakewood, WA?
Because the average rent in Lakewood is $1,206, you’ll want to make about $4,020 per month or $48,240 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lakewood, WA compare to other nearby cities and neighborhoods?
Use the tool below to compare Lakewood, WA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,099/month
-
One Bedroom
$1,130/month
$746/month
Two Bedroom
$1,387/month
$795/month
Three Bedroom
$1,799/month
-
Nearby City Rent Trends
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Property Management Companies in Lakewood, WA
GRE
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44
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14
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Olympic Management Company
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66
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5,076
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24
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Targa Real Estate Services
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47
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3,424
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17
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6 Communities in Lakewood
Reeder Management Inc
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17
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1,447
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9
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6 Communities in Lakewood
Dobler Management Company, Inc.
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38
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5,209
Units
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8
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5 Communities in Lakewood
Coast Property Management
-
52
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6,218
Units
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25
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3 Communities in Lakewood
Security Properties, Inc.
-
62
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15,364
Units
-
40
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2 Communities in Lakewood
American Capital Group
-
25
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5,387
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19
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2 Communities in Lakewood
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.