Ellyson Apartment Homes
2201 104th St S,
Tacoma, WA 98444
1-3 Beds | $1,895
Rental Market Trends in Lakewood, WA
What is the average rent in Lakewood, WA?
$1,247/month
Average Rent
608 Sq Ft
Average Apartment Size
-0.7%
Decrease in the Last Year
As of June 2025, the average rent in Lakewood, WA is $1,247 per month. This is 23% lower than the national average rent of $1,628/month, making renting in Lakewood more affordable than most cities in the US. When you rent an apartment in Lakewood, you can expect to pay about $1,095 per month for a studio, $1,247 for a one-bedroom apartment, and around $1,576 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,246 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lakewood, WA?
In the past year, rent has decreased by 0.7%, which averages out to $9 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Lakewood, WA
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
13%
Below $700/month
27%
$700 - $1,000/month
32%
$1,001 - $1,500/month
22%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lakewood?
Based on current rent prices, Northeast Lakewood, Barlow Lakes and Oakbrook Meadows are the most affordable neighborhoods in Lakewood.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lakewood?
Based on current rent prices, Lakewood Park, Downtown Lakewood and Pacific are the most expensive neighborhoods in Lakewood.
Neighborhood
Average Rent
Average Sq Ft
Which Lakewood neighborhoods have the most rentals available?
The neighborhoods in Lakewood with the most apartments available are Pacific, North Lakewood and Lakeview Tacoma .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lakewood, WA?
Because the average rent in Lakewood is $1,247, you’ll want to make about $4,156 per month or $49,872 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lakewood, WA compare to other nearby cities and neighborhoods?
Use the tool below to compare Lakewood, WA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,095/month
-
One Bedroom
$1,136/month
-
Two Bedroom
$1,457/month
-
Three Bedroom
$1,851/month
-
Nearby City Rent Trends
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59
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3,887
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Olympic Management Company
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46
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3,848
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Reeder Management Inc
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18
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Dobler Management Company, Inc.
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38
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5,212
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8
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5 Communities in Lakewood
Coast Property Management
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48
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5,250
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24
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4 Communities in Lakewood
Greystar
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3,265
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907,923
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844
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Security Properties, Inc.
-
53
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12,970
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.