Zumper
modified
21 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 Parkway Southwest, Lakewood, Washington 98498, United States|North Lakewood
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Contact

Management

Oak Terrace Apartments

Leasing office

(253) 588-5616

Property Overview

Oak Terrace receives a strong Zumper Expert Rating of 9.1, driven by its exceptional amenities, competitive pricing, and prime location. Notable features include lush green spaces, spacious apartments, and modern appliances, complemented by nearby schools and pet-friendly services. Overall, the property demonstrates a strong balance of quality living options and community convenience, making it an attractive choice for prospective renters.

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

9.1
Excellent
Oak Terrace is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Amenities and Price, which help to make this rental a great place to call home.

Things you’ll love

  • More space
  • Elementary school nearby
  • Middle school nearby

Great for

  • Pet owners

Floor plans

1X1 Willow Classic1 bed1 bath772 sqft$1,495 /mo1 unit available
1x1 Aspen Reno No W/D1 bed1 bath680 sqft$1,545 /mo1 unit available
1x1 Aspen Reno with W/D1 bed1 bath680 sqft$1,595 /mo1 unit available
2x1 Alder Classic (Top Floor)2 bed1 bath935 sqft$1,725 /mo1 unit available
2X2 Maple Classic2 bed2 bath975 sqft$1,795 /mo1 unit available
2x1 Lilac Reno with W/D2 bed1 bath975 sqft$1,795 /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

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.
9.1
/10
Excellent
Oak Terrace is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Amenities and Price, which help to make this rental a great place to call home.
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·10A 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.
Oak Terrace stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
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 94 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.2 mile away
Middle school nearby
There is a middle school 0.4 mile away
More space
The 2-bedroom is 96 sqft larger than other listings nearby
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit
Outdoor space
Easy access to the outdoors

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 2% lower than 1-bedrooms in North Lakewood.

If you decide to upgrade your space, you can expect 2-bedrooms at Oak Terrace to be 1% less than the average for similarly sized apartments in North Lakewood.

Median rents as of Nov 15 2025.
North Lakewood
Lakewood
A table of studio rental data trends in Lakewood
MonthMedian Rent
December 2023$1,503
January 2024$1,510
February 2024$1,485
March 2024$1,485
April 2024$1,485
May 2024$1,455
June 2024$1,433
July 2024$1,455
August 2024$1,447
September 2024$1,319
October 2024$1,357
November 2024$1,342
December 2024$1,272
January 2025$1,272
February 2025$1,282
March 2025$1,278
April 2025$1,350
May 2025$1,282
June 2025$1,251
July 2025$1,251
August 2025$1,261
September 2025$1,287
October 2025$1,265
November 2025$1,244
A table of studio rental data trends in North Lakewood
MonthMedian Rent
December 2023$1,501
January 2024$1,515

Affordability calculator

Can I afford to live at 42 Thunderbird Parkway Southwest?

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 median 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+
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Internet available near Oak Terrace

Getting around Lakewood near 42 Thunderbird Parkway Southwest

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 Parkway Southwest, Lakewood

Groceries

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

Shopping

4/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

5/10
Some restaurants within a few minutes’ walk

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

4/10
Some bars within walking distance

Explore the area around 42 Thunderbird Parkway Southwest

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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