Washington is home to the famous Cascade Mountains and the Olympic Mountains mountain range. From its breathtaking landscapes to its thriving economy, there's something for everyone in this vibrant state. First, explore its rich history and culture by visiting museums such as the Museum of Pop Culture and the Burke Museum of Natural History & Culture. Then, take your education to the next level at prestigious universities like the University of Washington and Washington State. Washington's economy is diverse and robust, driven by key industries such as technology, agriculture, and manufacturing.

There's no shortage of ample opportunities for adventure and excitement. From exploring the stunning trails of Mount Rainier National Park to fishing in the picturesque Puget Sound, nature enthusiasts will be in their element. And sports fans will enjoy cheering for Seattle Seahawks (NFL), Seattle Kraken (NFL), and Seattle Mariners (MLB) and supporting their favorite college teams. Discover famous attractions like the Space Needle, the Pike Place Market, and the historic city of Seattle.

A hub of innovation and creativity, Washington is a great state offering endless opportunities, which makes it a great place to live.

Rental Market Trends

Lakewood, WA

As of July 2025, Lakewood's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lakewood's average rent is 9.7% ($169) lower than the Washington average of $1,750 and 10.9% ($194) lower than the U.S. average of $1,775.

Average Rent

$1,581

Monthly ChangeMonth Over Month Change

3.3% ($50)

Yearly ChangeYear Over Year Change

11.7% ($166)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,298	0.5% ($6)	9.8% ($116)
2 Beds	$1,715	2.6% ($44)	8.1% ($128)
3 Beds	$2,161	1.6% ($36)	7.9% ($186)

Nearby Cities	Average Rent	Avg. Rent vs. LakewoodAverage Rent vs. Lakewood	Avg. Days on MarketAverage Days on Market
University Place	$1,915	21.1% ($334)	31 days
Tacoma	$1,491	5.7% ($90)	33 days
Steilacoom	$1,399	11.5% ($182)	33 days
Fife	$1,842	16.5% ($261)	33 days
Dupont	$2,674	69.1% ($1093)	32 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Lakewood Rental Market FAQs

Explore rental prices, market trends, and availability in Lakewood, WA.

What is the average rent in Lakewood, WA?

The average rent in Lakewood, WA is $1,581 per month.

What is the rental price range for homes in Lakewood, WA?

Homes in Lakewood typically rent for between $909 and $2,809 per month, with an average of $1,581 per month.

What is the average rent for different bedroom sizes in Lakewood, WA?

In Lakewood, the average rent for a 1-bedroom home is $1,298 per month, for a 2-bedroom home, $1,715 per month, and a 3-bedroom home is $2,161 per month.

How do rent prices in Lakewood, WA compare with the national average?

The average rent in Lakewood is 10.9% ($194) lower than the national average of $1,775 per month.

How have rent prices in Lakewood, WA changed recently?

The average rent in Lakewood has increased by 3.3% ($50) in the last month and increased by 11.7% ($166) over the past year.

How competitive is the rental market in Lakewood, WA?

The rental market in Lakewood, WA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Lakewood, WA?

In Lakewood, WA, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Lakewood, WA?

There are currently 73 rental properties available in Lakewood, WA.

Can I afford to rent a home in Lakewood, WA?

Based on the current averages, a household would need an annual income of $68,600 to comfortably afford a 2-bedroom home in Lakewood.