Apartments for Rent in North Lakewood, Lakewood, WA

North Lakewood, Lakewood apartment availability

North Lakewood's rental market offers a good selection of listings, with an average of 62 rentals available each month. The majority of rentals are 2-bedroom apartments, followed closely by 1-bedroom and 3-bedroom options. Studios are also available, although less common. Many of these apartments are pet-friendly, with over 70% allowing pets with some restrictions. This makes North Lakewood a great option for renters with furry friends. With a range of bedroom sizes and pet-friendly options, North Lakewood is a versatile neighborhood for renters with different needs and preferences.

North Lakewood, Lakewood rental market trends

The North Lakewood rental market experienced a modest year-over-year increase of 0.65%, with the average monthly rent reaching $1,769. Breaking it down by bed count, 1-bedrooms averaged $1,573 per month, a 2.67% increase from the previous year. In contrast, 2-bedrooms saw a 4.09% decrease, averaging $1,845 per month. Studios and 3-bedrooms experienced increases of 2.91% and 2.41%, respectively, with average rents of $1,442 and $2,525.

The rental market in North Lakewood tends to peak in September, with rents about 12% higher compared to November, the month with the lowest average rent. If you're looking for a new apartment, be prepared for more competition during the late summer and early fall months. Conversely, the winter months, particularly November, may offer more affordable options and less competition. Keep in mind that the rental market can fluctuate, and it's essential to stay informed about local trends to find the best fit for your needs and budget.

Why North Lakewood, Lakewood is a great place to live

North Lakewood is a top choice for renters who prioritize pet friendliness and social living. According to 2024 data, apartments in this neighborhood often feature pet-friendly amenities such as pet waste stations, outdoor spaces, and pet grooming services, making it an ideal spot for pet owners. Additionally, the neighborhood's walk score, transit frequency, and safety features contribute to its high social life score, making it easy for residents to get out and about with friends. With shared spaces and pet events, North Lakewood fosters a sense of community, making it an attractive option for those seeking a lively and pet-friendly lifestyle.