Find Homes & Apartments for Rent in Lakewood, WA

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What to Know About

Life in Lakewood & Beyond

Lakewood shares many of the great qualities that make Washington a desirable place to live.

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 March 2025, Lakewood's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lakewood's average rent is 10.7% ($187) lower than the Washington average of $1,752 and 12.5% ($223) lower than the U.S. average of $1,788.

Average Rent
$1,565
Monthly ChangeMonth Over Month Change
Increased3.8% ($58)
Yearly ChangeYear Over Year Change
Increased7.4% ($108)
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,336 Increased2.4% ($31) Decreased0.8% ($11)
2 Beds $1,701 Decreased1.3% ($22) Increased2.8% ($46)
3 Beds $2,211 Increased3.5% ($75) Decreased3.9% ($90)
Nearby Cities Average Rent Avg. Rent vs. LakewoodAverage Rent vs. Lakewood Avg. Days on MarketAverage Days on Market
University Place $2,161 Increased38.1% ($596) 31 days
Tacoma $1,519 Decreased2.9% ($46) 33 days
Steilacoom $1,392 Decreased11.1% ($173) 33 days
Fife $1,823 Increased16.5% ($258) 33 days
Dupont $1,994 Increased27.4% ($429) 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.

The average rent in Lakewood, WA is $1,565 per month.
Homes in Lakewood typically rent for between $935 and $2,874 per month, with an average of $1,565 per month.
In Lakewood, the average rent for a 1-bedroom home is $1,336 per month, for a 2-bedroom home, $1,701 per month, and a 3-bedroom home is $2,211 per month.
The average rent in Lakewood is 12.5% ($223) lower than the national average of $1,788 per month.
The average rent in Lakewood has increased by 3.8% ($58) in the last month and increased by 7.4% ($108) over the past year.
The rental market in Lakewood, WA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
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.
There are currently 83 rental properties available in Lakewood, WA.
Based on the current averages, a household would need an annual income of $68,040 to comfortably afford a 2-bedroom home in Lakewood.
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