Ellyson Apartment Homes
2201 104th St S,
Tacoma, WA 98444
$1,495 - $2,500
1-3 Beds
Rental Market Trends in Lakewood, WA
What is the average rent in Lakewood, WA?
$1,282/month
Average Rent
609 Sq Ft
Average Apartment Size
+1.1%
Increase in the Last Year
As of April 2026, the average rent in Lakewood, WA is $1,282 per month. This is 22% lower than the national average rent of $1,641/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 $1,096 per month for a studio, $1,282 for a one-bedroom apartment, and around $1,613 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,230 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 increased by 1.1%, which averages out to $14 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in Lakewood, WA
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
12%
Below $700/month
26%
$700 - $1,000/month
32%
$1,001 - $1,500/month
25%
$1,501 - $2,000/month
6%
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, Pacific and Central Lakes 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, North Lakewood, Lakeview Tacoma and Central Lakes 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 North Lakewood, Central Lakes and Pacific .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lakewood, WA?
Because the average rent in Lakewood is $1,282, you’ll want to make about $4,273 per month or $51,276 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
$1,169/month
$1,188/month
One Bedroom
$1,290/month
$1,395/month
Two Bedroom
$1,512/month
$1,779/month
Three Bedroom
$1,736/month
$2,338/month
Nearby City Rent Trends
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Property Management Companies in Lakewood, WA
Targa Real Estate Services
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63
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3,934
Units
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20
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8 Communities in Lakewood
Reeder Management Inc
-
25
Communities
-
2,084
Units
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10
Cities
8 Communities in Lakewood
Olympic Management Company
-
56
Communities
-
4,831
Units
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21
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6 Communities in Lakewood
Dobler Management Company, Inc.
-
41
Communities
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5,379
Units
-
9
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5 Communities in Lakewood
Coast Property Management
-
61
Communities
-
7,189
Units
-
31
Cities
4 Communities in Lakewood
Fulcrum Real Estate Services, Inc
-
23
Communities
-
1,691
Units
-
7
Cities
3 Communities in Lakewood
Greystar
-
3,486
Communities
-
959,009
Units
-
891
Cities
2 Communities in Lakewood
Avenue5 Residential
-
581
Communities
-
129,613
Units
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224
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2 Communities in Lakewood
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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 February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.