Last updated on June 30, 2026

Average rent in
Lakewood, WA

Key takeaways for renters

  • The bottom line

    Lakewood, WA rent slipped 5.6% year over year, with a current median of $1,600/month. Renters are paying $43 less per month on average than last year, continuing a downward trend from the peak of $1,695/month in June 2025.

  • Lakewood sits 17.9% more affordable than the $1,950/month national median, with 107 total rentals offering a moderate market size for renters.

  • Price ranges

    Studios in Lakewood run around $1,112/month, 1-bedrooms around $1,445/month, and 2-bedrooms around $1,795/month. Houses have a median rent of $2,395/month, while apartments sit at $1,550/month, reflecting distinct price tiers by property type.

  • Neighborhood spotlight

    South Lakes rents rose 22.0% year over year to $1,648/month, contrasting with the citywide decline of 5.6%. This neighborhood shows localized strength while other areas like Northeast Lakewood and Central Lakes saw declines.

Median rent

Median rent in Lakewood

$1,600/mo

decreased by6%

vs previous year

The average rent in Lakewood is $1,600 per month as of June 2026. This is 18% below the national average rent, or $350 less per month.

$2.01

average price per square foot

Total rentals

Available rentals in Lakewood

107

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Lakewood rentals at each price point

50%38%25%13%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Lakewood, WA

Average rent prices in Lakewood have decreased by 2% over the last month and have decreased by 6% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Lakewood, WA

Rent prices in Lakewood vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Lakewood is $1,550, whereas a house costs $2,395. 1-bedroom apartments in Lakewood run $1,449 on average, while 2-bedroom apartments are $1,754.

Listings

Studio

$1,112

2%

13%

1 bedroom

$1,445

2%

5%

2 bedroom

$1,795

3%

1%

3 bedroom

$2,495

3%

1%

4 bedroom

$3,250

1%

4%

Studio

Average rent

$1,112

Last 30 days

2%

Last year

13%

1 bedroom

Average rent

$1,445

Last 30 days

2%

Last year

5%

2 bedroom

Average rent

$1,795

Last 30 days

3%

Last year

1%

3 bedroom

Average rent

$2,495

Last 30 days

3%

Last year

1%

4 bedroom

Average rent

$3,250

Last 30 days

1%

Last year

4%

The table above reflects average rent prices in Lakewood, WA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Lakewood, WA compare to other cities?

Compare median rent prices in Lakewood and Auburn by all bedroom counts and property types.

Lakewood

Median rent price$1,600
decreased by18%

lower than the national median

Median rent price$1,845
decreased by5%

lower than the national median

Takeaway

The median rent for all rentals in Lakewood, WA is 13% lower than the median rent in Auburn, WA.

Discover rentals in Lakewood, WA

Lochburn 8814-8815 - Photo 1 of 1

5d+ ago

8.6

Very good

Lochburn 8814-8815

8814 Lochburn Ln Sw, Lakewood, WA 98499

1–2 beds

1 bath

$1,097–$1,227

Apartment for rent

Bridgewood Estates Apartments - Photo 1 of 1

4d ago

8.8

Very good

Bridgewood Estates Apartments

4910 108th St Sw, Lakewood, WA 98499

2 beds

1 bath

$1,125–$1,275

Apartment for rent

Lincoln Ave Apartments LLC - Photo 1 of 1

1d ago

8.4

Very good

Lincoln Ave Apartments LLC

12615 12615 -12623 Lincoln Ave SW, Lakewood, WA 98499

2 beds

1 bath

$1,197

Apartment for rent

Dimension Lakewood Apartments - Photo 1 of 1

4d ago

8.8

Very good

Dimension Lakewood Apartments

5628 Boston Ave Sw, Lakewood, WA 98499

2 beds

1 bath

$1,225–$1,335

Apartment for rent

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Lakewood, WA

Quick answers to common questions about the Lakewood rental market.

How much is rent in Lakewood?

The average rent in Lakewood is $1,600 per month as of June 27, 2026.

Is rent up or down in Lakewood?

Average rent prices in Lakewood have decreased by 2% over the last month and have decreased by 6% since last year.

How does Lakewood rent compare to the national average?

Rent in Lakewood is 18% below the national average, which means renters are paying approximately $350 less per month.

Which neighborhoods are most affordable in Lakewood?

The most affordable neighborhoods in Lakewood are Northeast Lakewood ($1,423/mo), Lakeview ($1,545/mo), and Pacific ($1,545/mo).

What salary do I need to afford rent in Lakewood?

To comfortably afford rent in Lakewood, you'd need to earn approximately $64,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Lakewood?

Lakewood's 2025 rental market shows one-bedroom apartments averaging around $1,300 per month, while two-bedroom units average around $1,700 per month. Both apartment types experienced decreases from the previous year, with one-bedrooms down 6.3% and two-bedrooms down 11.6%.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Auburn