Bedroom count
Property type
Last updated on June 30, 2026
Last updated on June 30, 2026
Bedroom count
Property type
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.
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.
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 in Lakewood
$1,600/mo
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.
average price per square foot
Available rentals in Lakewood
107
for rent on Zumper.com as of June 2026
Share of Lakewood rentals at each price point
Average rent prices in Lakewood have decreased by 2% over the last month and have decreased by 6% since last year.
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
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% |
Listings | ||
|---|---|---|
Central Lakes | $1,749 | |
Lakeview | $1,545 | |
North Lakewood | $1,795 | |
Northeast Lakewood | $1,423 | |
Pacific | $1,545 | |
South Lakes | $1,647 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,550 | 1% | No Change | |
Condos | $1,900 | 30% | 3% | |
Houses | $2,395 | 3% | No Change |
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%
Lakeview
Average rent
$1,545
North Lakewood
Average rent
$1,795
Pacific
Average rent
$1,545
Central Lakes
Average rent
$1,749
South Lakes
Average rent
$1,647
Northeast Lakewood
Average rent
$1,423
Apartments
Average rent
$1,550
Last 30 days
1%
Condos
Average rent
$1,900
Last 30 days
30%
Last year
3%
Houses
Average rent
$2,395
Last 30 days
3%
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.
Compare median rent prices in Lakewood and Auburn by all bedroom counts and property types.
Lakewood
lower than the national median
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.
Explore rent trends in neighboring markets
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Quick answers to common questions about the Lakewood rental market.
The average rent in Lakewood is $1,600 per month as of June 27, 2026.
Average rent prices in Lakewood have decreased by 2% over the last month and have decreased by 6% since last year.
Rent in Lakewood is 18% below the national average, which means renters are paying approximately $350 less per month.
The most affordable neighborhoods in Lakewood are Northeast Lakewood ($1,423/mo), Lakeview ($1,545/mo), and Pacific ($1,545/mo).
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.
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%.
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).