The Village at Seeley Lake
9501 59th Ave SW,
Lakewood, WA 98499
1-3 Beds | $1,409 - $4,579
Rental Market Trends in Lakewood, WA
What is the average rent in Lakewood, WA?
$1,224/month
Average Rent
610 Sq Ft
Average Apartment Size
-1.3%
Decrease in the Last Year
As of February 2025, the average rent in Lakewood, WA is $1,224 per month. This is 21% lower than the national average rent of $1,557/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 $1,075 per month for a studio, $1,224 for a one-bedroom apartment, and around $1,535 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,229 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 decreased by 1.3%, which averages out to $15 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Lakewood, WA
Last Updated February 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
13%
Below $700/month
26%
$700 - $1,000/month
34%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
3%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lakewood?
Based on current rent prices, Pacific, Northeast Lakewood 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, Lakeview Tacoma and North Lakewood 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 $1,224, you’ll want to make about $4,080 per month or $48,960 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
$1,008/month
-
One Bedroom
$1,047/month
$775/month
Two Bedroom
$1,282/month
$834/month
Three Bedroom
$1,762/month
-
Nearby City Rent Trends
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Property Management Companies in Lakewood, WA
GRE
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31
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4,514
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13
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8 Communities in Lakewood
Olympic Management Company
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49
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4,031
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20
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Targa Real Estate Services
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51
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3,517
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17
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7 Communities in Lakewood
Reeder Management Inc
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18
Communities
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1,465
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9
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7 Communities in Lakewood
Dobler Management Company, Inc.
-
38
Communities
-
5,177
Units
-
8
Cities
5 Communities in Lakewood
Coast Property Management
-
48
Communities
-
5,370
Units
-
21
Cities
4 Communities in Lakewood
Greystar
-
3,234
Communities
-
894,437
Units
-
830
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2 Communities in Lakewood
Security Properties, Inc.
-
63
Communities
-
15,828
Units
-
40
Cities
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.