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. Patio / Balcony, Elevator, Public Transportation, Internet Access, Ceiling Fan, New Light Fixtures, Large Closets, New Appliances, New Flooring, Online Payments Available, Vinyl Plank Flooring, Custom Cabinetry, Laundry Facilites, Guest Parking, Online Maintenance Requests, Carports, 2 Faux Wood Blinds, Dog Park, Secured Building Entry, Additional Storage Space, Stackable Washer & Dryer, Full Size Washer & Dryer (Select Homes) & 24/7 Emergency Maintenance. Pet Friendly.
RentalSource last checked: February 18, 2026 at 4:52 PM ET
Listed by: Oak Terrace Apartments, (253) 588-5616 via Appfolio
Property Summary
Property Type:
Apartment
Rental Fee:
$1,595 - $2,195
Bedrooms:
1-2 beds
Bathrooms:
1-2 baths
Size:
680-1,029 sqft
Pet Friendly:
Yes
Listing Status:
Active
ID:
79616123
Property Amenities
• Balcony/Patio
• Cable/Satellite TV
• Ceiling Fan
• Fireplace
• High-Speed Internet
• Pet Friendly
• Washer/Dryer In Unit
• Walk-in Closets
Community Features
• Bike Paths
• Clubhouse
• Laundry Facilities
• Pool
• Public Transportation
• Parking
• Storage
Unit Rates
Name
Beds
Baths
Sqft
Rent
1 Bed
1
1
680
$1,595
1 Bed
1
1
680
$1,695
1 Bed
1
1
772
$1,745
2 Beds
2
1
865
$1,695
2 Beds
2
1
865
$1,725
Name
Beds
Baths
Sqft
Rent
1 Bed
1
1
680
$1,595
1 Bed
1
1
680
$1,695
1 Bed
1
1
772
$1,745
2 Beds
2
1
865
$1,695
2 Beds
2
1
865
$1,725
2 Beds
2
1
865
$1,895
2 Beds
2
2
1,029
$1,895
2 Beds
2
2
1,029
$2,095
2 Beds
2
2
1,029
$2,195
Additional Details
Apartments for rent in Lakewood for $1,595-$2,195 with 1-2 beds, 1-2 baths, 680-1,029 sqft, pet friendly and located at 42 Thunderbird Parkway SW in Lakewood, WA 98498. The averaged rental price of $1,895 is 23.6% ($362) higher than the average rent of $1,533 for apartments in Lakewood, WA and 18.4% ($294) higher than the average rent of $1,601 for apartments in Pierce County. 42 Thunderbird Parkway SW was advertised by Oak Terrace Apartments 6+ months ago and last updated today at 4:52 PM ET.
Affordability Calculator
Can I afford to live at 42 Thunderbird Parkway SW?
Bedrooms
1 bedroom
30%
10%Recommended50%
Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.
Recommended income
$63,800 /year
With your chosen rent-to-income ratio, an annual income of $63,800 is recommended to comfortably afford this 1-bedroom rental priced at $1,595 per month.
