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Oak Terrace offers spacious apartment homes with lush green spaces, private patios or balconies, large closets, stainless steel appliances, and custom cabinetry. It earns strong marks for overall value, location, quality, amenities, and trustworthiness, while its value per square foot and proximity to top-rated schools add to its appeal.
Things you’ll love
Middle school nearbyElementary school nearbyMore spaceGreat for
Pet owners| 1x1 Aspen Reno No W/D | 1 bed | 1 bath | 680 sqft | $1,575 /mo | 2 units available | ||
| 2X1 Hawthorn Classic | 2 bed | 1 bath | 865 sqft | $1,545 /mo | 1 unit available | **Receive up to 1-month free rent. Call for More Details!** The greatest apartment living in Lakewood is waiting for you...Look no more!!! Oak Terrace offers fully remodeled homes with brand new luxury vinyl flooring, custom paint and trim. Absolutely amazing brand-new stainless-steel appliance package, new white soft close cabinetry and stunning solid surface counter tops. Don't forget about your perfect size stack-able washer and dryer and private patio! Oak Terrace is a controlled access community with elevators and stairwells. Secure Parcel Pending packages lockers so you’ll never miss a package. Enjoy the ease of laundry rooms on each floor, the refreshing seasonal pool and beautifully updated mail room, clubhouse and media room available to reserve for parties or sports events! We are near an abundance of parks, trails, and beach fun. Enjoy Fort Steilacoom Park, Lakewood Active Park, Bresemann Forest Park, and Chambers Bay. Spend time at Lake Steilacoom, Chambers Bay Golf Course, or historic downtown Steilacoom. Public transportation, shopping, restaurants, and even karaoke, nearby. Wait no more, we're always here for you to schedule you're in person tour today!!! (FromUnitType) | |
| 2X1 Hawthorn Reno No W/D | 2 bed | 1 bath | 865 sqft | $1,695 /mo | 1 unit available | ||
| 2x2 Maple Reno no WD | 2 bed | 2 bath | 975 sqft | $1,925 /mo | 1 unit available |
Let's explore this property.
Apartment Amenities
| Balcony | Ceiling Fan |
| Patio |
Appliances
| Dishwasher | Oven/Range |
| Refrigerator |
Building
| Cats OK | Dogs OK |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 91 |
|---|
Thanks for checking out Oak Terrace Apartments! We are a locally owned and professionally managed community, proudly situated in the heart of Lakewood, WA. Tucked away in a peaceful, residential neighborhood, Oak Terrace offers a serene retreat while keeping you connected to everything Lakewood has to offer. Our location is second to none, just moments from the breathtaking shores of American Lake and surrounded by lush green spaces. Whether you enjoy hiking, biking, or simply relaxing in nature, you’ll find scenic parks and nature trails nearby, perfect for outdoor adventures. Lakewood Gardens and Harry Todd Park are just a short distance away, offering expansive areas for picnics, fishing, and family fun. Plus, with shopping, dining, and entertainment at your fingertips, the Lakewood Towne Center and Tacoma Mall are just a quick drive away, providing a wide variety of retail stores and restaurants. For commuters, Oak Terrace offers quick access to I-5, with easy routes to Tacoma, Seattle, and beyond. Public transportation options are abundant, making your daily commute stress-free. Plus, top-rated schools and the Pierce Transit station are conveniently close, adding to the ease of living in this highly desirable location. Our spacious 1- and 2-bedroom apartment homes are designed for comfort and style, offering exceptional value. Each unit features a private patio or balcony, custom cabinetry, hard surface countertops, stainless steel appliances, vinyl plank flooring, and a cozy wood-burning fireplace. Large closets offer ample storage space for your convenience. Our community is packed with amenities to enhance your lifestyle, including a clubhouse with a TV room, a seasonal heated swimming pool, smart package lockers, a dog park, and covered parking. Enjoy peace of mind with secured building entry and video surveillance, ensuring safety and convenience for all of our residents.
Showing 8 highest rated
Thank you Jaz and Vanessa for the smooth transition of moving units! From the application process, to getting my keys it was overall GREAT! Usually moving is stressful for me (everyone) but this process has made it so much easier with the help of the managers! I highly recommend checking out this apartment complex! They truly do make you feel at home and genuinely want to help if there are any issues 👍🏽
Codie Obungen
Apr 26, 2024
Ms. Quevedo, our community manager, has been so helpful in making our units comfortable and safe, at times her and her assistant really go out of their way to meet the needs and answer questions that the tenants may have. Thank-you.
PJ Campos
Jul 12, 2024
We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
How Oak Terrace compares to other nearby properties.
Positives
1-bedroom apartments here are priced 2% higher than 1-bedrooms in North Lakewood.
If you decide to upgrade your space, you can expect 2-bedrooms at Oak Terrace to be 4% less than the average for similarly sized apartments in North Lakewood.
| Month | Median Rent |
|---|---|
| July 2024 | $1,400 |
| August 2024 | $1,396 |
| September 2024 | $1,355 |
| October 2024 | $1,345 |
| November 2024 | $1,384 |
| December 2024 | $1,377 |
| January 2025 | $1,322 |
| February 2025 | $1,305 |
| March 2025 | $1,308 |
| April 2025 | $1,300 |
| May 2025 | $1,299 |
| June 2025 | $1,299 |
| July 2025 | $1,304 |
| August 2025 | $1,302 |
| September 2025 | $1,299 |
| October 2025 | $1,320 |
| November 2025 | $1,391 |
| December 2025 | $1,341 |
| January 2026 | $1,393 |
| February 2026 | $1,355 |
| March 2026 | $1,373 |
| April 2026 | $1,390 |
| May 2026 | $1,409 |
| June 2026 | $1,382 |
| July 2026 | $1,330 |
| Month | Median Rent |
|---|---|
| July 2024 | $1,575 |
| August 2024 | $1,506 |
| September 2024 | $1,452 |
| October 2024 | $1,529 |
| November 2024 | $1,532 |
| December 2024 | $1,571 |
| January 2025 | $1,586 |
| February 2025 | $1,577 |
| March 2025 | $1,532 |
| April 2025 | $1,468 |
| May 2025 | $1,522 |
| June 2025 | $1,566 |
| July 2025 | $1,395 |
| August 2025 | $1,423 |
| September 2025 | $1,495 |
| October 2025 | $1,525 |
| November 2025 | $1,577 |
| December 2025 | $1,595 |
| January 2026 | $1,602 |
| February 2026 | $1,597 |
| March 2026 | $1,540 |
| April 2026 | $1,501 |
| May 2026 | $1,558 |
| June 2026 | $1,512 |
| July 2026 | $1,537 |
Can I afford to live at 42 Thunderbird Pkwy Sw?
Bedrooms
Rent-to-income ratio
30%
$63,000/yr
7801 steilacoom blvd sw
lakewood, WA, 98498
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New Tacoma • 1915 Tacoma Ave S
Studio–2 Beds
$1,511–$2,607
New Tacoma • 1328 Market St
Studio–2 Beds
$1,271–$2,099
Central Lakes • 11432 105th Ave Sw
1–3 Beds
$1,499–$2,299
West End • 6409 S 12th St
1–2 Beds
$1,410–$1,685
South End • 7414 S Hosmer St
Studio–1 Bed
$1,125–$1,550
South End • 8801 S Hosmer St
Studio–2 Beds
$995–$1,795
South Tacoma • 3509 S Orchard St
1–3 Beds
$1,558–$2,395
New Tacoma • 1915 Tacoma Ave S
Studio–2 Beds
$1,511–$2,607
New Tacoma • 1328 Market St
Studio–2 Beds
$1,271–$2,099
Central Lakes • 11432 105th Ave Sw
1–3 Beds
$1,499–$2,299
West End • 6409 S 12th St
1–2 Beds
$1,410–$1,685
South End • 7414 S Hosmer St
Studio–1 Bed
$1,125–$1,550
South End • 8801 S Hosmer St
Studio–2 Beds
$995–$1,795
South Tacoma • 3509 S Orchard St
1–3 Beds
$1,558–$2,395
