Zumper
modified
Updated 3 Hours Ago

Highlights

  • Pet Friendly
  • Lush green spaces
  • Private patio or balcony
  • Large closets
  • Stainless steel appliances
  • Custom cabinetry
  • Spacious apartment homes

Location

42 Thunderbird Pkwy Sw, Lakewood, WA 98498, USA|North Lakewood
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Contact

Management

Oak Terrace Apartments

Leasing office

(253) 588-5616

Property Overview

Oak Terrace offers spacious apartment homes with lush green spaces, private patios or balconies, large closets, stainless steel appliances, and custom cabinetry. It stands out for strong value, a highly rated location, and solid overall quality and amenities, with nearby top-rated elementary and middle schools and excellent value per square foot.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.7
Very Good
With a solid 8.7 out of 10 overall, Oak Terrace is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Oak Terrace has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Middle school nearby
  • Elementary school nearby

Great for

  • Pet owners

Floor plans

1x1 Aspen Reno No W/D1 bed1 bath680 sqft$1,545 /mo1 unit available
2X1 Hawthorn Classic2 bed1 bath865 sqft$1,695 /mo1 unit available
2X1 Hawthorn Classic Partial Reno2 bed1 bath865 sqft$1,745 /mo1 unit available
2X1 Hawthorn Reno No W/D2 bed1 bath865 sqft$1,845 /mo1 unit available
2x1 Hawthorn Reno with W/D2 bed1 bath865 sqft$1,895–$1,945 /mo2 units available
2x2 Maple Reno no WD2 bed2 bath975 sqft$1,915 /mo1 unit available

Let's explore this property.

Amenities for Oak Terrace

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units91
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About Oak Terrace

HomeApartments in LakewoodNorth Lakewood Oak Terrace

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.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.7
/10
Very Good
With a solid 8.7 out of 10 overall, Oak Terrace is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Oak Terrace has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Oak Terrace
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Oak Terrace stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Oak Terrace is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Oak Terrace is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Oak Terrace has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Reviews from the web

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

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

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.

Oak Terrace is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 1 dog park within 1 mile
  • 1 pet grooming service nearby
  • 4 pet supply stores near the property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Oak Terrace compares to other nearby properties.

Positives

More space
The 1-bedroom is 265 sqft larger than other listings nearby
Middle school nearby
There is a middle school 0.4 mile away
Elementary school nearby
There is an elementary school 0.2 mile away

Considerations

Greater distance from high schools
The nearest high school is farther than 2 miles away

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Rent trends in North Lakewood

1-bedroom apartments here are priced 1% lower than 1-bedrooms in North Lakewood.

If you decide to upgrade your space, you can expect 2-bedrooms at Oak Terrace to be 4% more than the average for similarly sized apartments in North Lakewood.

Median rents as of Aug 22 2026.
North Lakewood
Lakewood
A table of 1-bedroom apartment rental data trends in Lakewood
MonthMedian Rent
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$1,321
August 2026$1,295
A table of 1-bedroom apartment rental data trends in North Lakewood
MonthMedian Rent
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$1,556
August 2026$1,553

Affordability calculator

Can I afford to live at 42 Thunderbird Pkwy Sw?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$61,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $61,800 annually to afford this 1-bedroom monthly rent price of $1,545.
For more information on rent affordability, visit our rent calculator.

Schools near Oak Terrace

Custer Elementary School

7801 steilacoom blvd sw

lakewood, WA, 98498

PK, K-5Public
C+

Oak Grove Elementary School

8805 steilacoom blvd sw

lakewood, WA, 98498

K-6Public
B+

Clover Park Early Learning Program

10202 earley ave sw

lakewood, WA, 98499

PKPublic

Early Learning Center

12223 s a st

tacoma, WA, 98444

PKPublic

Willard Early Learning Center

3201 s d st

tacoma, WA, 98418

PKPublic
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Internet available near Oak Terrace

Getting around Lakewood near 42 Thunderbird Pkwy Sw

Walking

5/10
Some shops and stores are within a few minutes.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 42 Thunderbird Pkwy Sw, Lakewood

Groceries

7/10
Wide variety of groceries within a short drive, including some within walking distance

Shopping

5/10
Variety of shops within a short drive

Cafes

5/10
Variety of cafés within a short drive

Restaurants

5/10
Variety of restaurants within a short drive

Primary schools

7/10
At least one elementary school within a 15-minute walk

High schools

7/10
At least one high school within a 15-minute walk

Parks

9/10
Very large amount of park space within a few minutes' walk

Nightlife

6/10
Variety of bars within a short drive

Explore the area around 42 Thunderbird Pkwy Sw

Safeway
8611 Steilacoom Blvd SW
Chaskas Multicultural Grocery
8805 Bridgeport Way SW
Fred Meyer
6305 Bridgeport Way W
Walmart Supercenter
7001 Bridgeport Way W
Safeway
10223 Gravelly Lake Dr SW

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