5+ Days Ago
Highlights
- Cozy fireplace
- New appliances
- Extra storage
- Remodeled
- No smoking community
- Full size washer dryer
Location
20116 48th Ave W, Lynnwood, WA 98036, USA
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Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 700 sqft | $1,625 /mo | 1 unit available | Park 5 Apartments has a wonderful ground floor unit in a lovely 40-unit community! Located close to shopping, parks, freeway and transit is across the street! This unit is freshly painted and remodeled with new appliances and flooring. Full size washer dryer and a cozy fireplace for those chilly nights! Extra storage is free with unit. One assigned uncovered parking space. Carport space available for a small monthly fee. Park 5 is a no smoking community. Sorry, no pets. Please call 253-720-0939 or email for additional information! |
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Amenities for Park 5 Apartments
Other
| Water, Sewer, & Garbage |
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
No pets allowed.
Building details
Property details
| Units | 40 |
|---|
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About Park 5 Apartments
Park 5 Apartments has a wonderful ground floor unit in a lovely 40-unit community! Located close to shopping, parks, freeway and transit is across the street! This unit is freshly painted and remodeled with new appliances and flooring. Full size washer dryer and a cozy fireplace for those chilly nights! Extra storage is free with unit. One assigned uncovered parking space. Carport space available for a small monthly fee. Park 5 is a no smoking community. Sorry, no pets. Please call 253-720-0939 or email for additional information!
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.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, Park 5 Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Park 5 Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A 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.
Park 5 Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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, Park 5 Apartments 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.
Park 5 Apartments 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·6A 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.
While Park 5 Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
Park 5 Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 Park 5 Apartments compares to other nearby properties.
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Lynnwood
1-bedroom apartments at Park 5 Apartments cost about 14% less than the average rent price for 1-bedroom apartments in Lynnwood.
Median rents as of Sep 13 2025.
Lynnwood
| Month | Median Rent |
|---|---|
| September 2023 | $1,812 |
| October 2023 | $1,786 |
| November 2023 | $1,826 |
| December 2023 | $1,800 |
| January 2024 | $1,803 |
| February 2024 | $1,735 |
| March 2024 | $1,808 |
| April 2024 | $1,758 |
| May 2024 | $1,869 |
| June 2024 | $1,643 |
| July 2024 | $1,691 |
| August 2024 | $1,797 |
| September 2024 | $1,753 |
| October 2024 | $1,784 |
| November 2024 | $1,796 |
| December 2024 | $1,778 |
| January 2025 | $1,710 |
| February 2025 | $1,759 |
| March 2025 | $1,705 |
| April 2025 | $1,466 |
| May 2025 | $1,537 |
| June 2025 | $1,657 |
| July 2025 | $1,646 |
| August 2025 | $1,694 |
| September 2025 | $1,686 |
Affordability calculator
Can I afford to live at 20116 48th Ave W?
Bedrooms
1 bedroomRent-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
$65,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $65,000 annually to afford this 1-bedroom monthly rent price of $1,625.
For more information on rent affordability, visit our rent calculator.
Schools near Park 5 Apartments
Early Childhood Center
19400 56th ave w
lynnwood, WA, 98036
PK, KPublic
B+
Cedar Valley Community School
19200 56th ave w
lynnwood, WA, 98036
K-6Public
C
Edmonds School District Special Education Program
20420 68th ave w
lynnwood, WA, 98036
PK, K-12Public
Unassigned Special Education
20420 68th ave w
lynnwood, WA, 98036
PK, K-9Public
Challenge Elementary School
5409 228th st sw
mtlk terrace, WA, 98043
K-6Public
A-
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Internet available near Park 5 Apartments
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Lynnwood near 20116 48th Ave W
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
6/10
Popular public transit options are just a short walk from this location.
Points of interest for 20116 48th Ave W, Lynnwood
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
7/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
5/10
At least one elementary school within a 30-minute walk
High schools
1/10
No high schools within a 30-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
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