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Oak Terrace is a highly rated community (overall 9/10) with exceptional amenities (10/10), strong value for the price (9/10), and a convenient location (9/10) near top-rated elementary and middle schools. Spacious apartment homes feature lush green spaces, private patios or balconies, large closets, and upgraded finishes like stainless steel appliances and custom cabinetry, supported by detailed listing information and ample photos that enhance transparency and renter confidence.
Things you’ll love
More spaceMiddle school nearbyElementary school nearbyGreat for
Pet owners| 1x1 Aspen Reno No W/D | 1 bed | 1 bath | 680 sqft | $1,595 /mo | 1 unit available | ||
| 2x2 Rowan Reno with W/D | 2 bed | 2 bath | 1,029 sqft | $2,095 /mo | 1 unit available |
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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
Considerations
1-bedroom apartments here are priced 3% higher than 1-bedrooms in North Lakewood.
If you decide to upgrade your space, you can expect 2-bedrooms at Oak Terrace to be 9% more than the average for similarly sized apartments in North Lakewood.
| Month | Median Rent |
|---|---|
| May 2024 | $1,395 |
| June 2024 | $1,411 |
| July 2024 | $1,426 |
| 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 | $1,392 |
| Month | Median Rent |
|---|---|
| May 2024 | $1,625 |
| June 2024 | $1,608 |
| July 2024 | $1,579 |
| 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 | $1,521 |
Can I afford to live at 42 Thunderbird Pkwy Sw?
Bedrooms
Rent-to-income ratio
30%
$63,800/yr
7801 steilacoom blvd sw
lakewood, WA, 98498
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New Tacoma • 1915 Tacoma Ave S
Studio–2 Beds
$1,450–$2,607
New Tacoma • 436 Broadway
Studio–2 Beds
$1,895–$2,650
New Tacoma • 1328 Market St
Studio–2 Beds
$1,267–$1,775
South End • 7414 S Hosmer St
Studio–1 Bed
$1,070–$1,405
Fife • 3351 70th Ave E
1–3 Beds
$1,795–$2,599
New Tacoma • 1915 Tacoma Ave S
Studio–2 Beds
$1,450–$2,607
New Tacoma • 436 Broadway
Studio–2 Beds
$1,895–$2,650
New Tacoma • 1328 Market St
Studio–2 Beds
$1,267–$1,775
South End • 7414 S Hosmer St
Studio–1 Bed
$1,070–$1,405
Fife • 3351 70th Ave E
1–3 Beds
$1,795–$2,599
