Lakewood, WA

City

Rent in Lakewood

Median Gross Rent

$1,525

Rent-to-Income Ratio

31.3%

Renter Share

52.5%

Median Renter Income

$56,594

Avg Household Size

2.2

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

No Bedroom: $1,071
1 Bedroom: $1,272
2 Bedrooms: $1,610
3 Bedrooms: $2,270
4 Bedrooms: $2,714
5+ Bedrooms: $3,440

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 9.8%
$1,000-$1,500: 36.8%
$1,500-$2,000: 26.8%
$2,000-$2,500: 13.9%
$2,500+: 8.5%
No Cash Rent: 4.3%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 17.8%
20-30% (moderate): 27.0%
30-50% (cost-burdened): 25.1%
50%+ (severely cost-burdened): 25.0%
Not Computed: 5.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $102,827
Renter Households: $56,594

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 16.1%
$1,000-$1,500: 38.6%
$1,500-$2,000: 25.1%
$2,000-$2,500: 12.3%
$2,500+: 3.7%
No Cash Rent: 4.3%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Nearby Neighborhoods in Lakewood

Neighborhood

Pierce, WA

Clover Park / Clinton Park

Ponders Corner / Racquet Club Estates

Interlaken / Lake City

International District

Custer / Cottage Woods Condominiums

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources