Long-term Rental Rates — June 2026 · ZIPs: 98409,98499
Local market data by Estaite
As of June 2026, rental prices in South Tacoma / Lakewood, WA range from $1,313 to $3,716 per month depending on property type and bedroom count.
The largest year-over-year increase is for 2-bedroom condos/townhomes, which rose 9.55% compared to June 2025.
For 1-bedroom units, single-family homes have the highest median rent at $1,851, compared to apartments at $1,313 and condos/townhomes at $1,498.
What is the overall range of rental prices in South Tacoma / Lakewood, WA as of June 2026?
In June 2026, median rents in South Tacoma / Lakewood, WA range from $1,313 for a 1-bedroom apartment to $3,716 for a 4-bedroom condo/townhome.
In South Tacoma / Lakewood, WA, is there a bedroom count where one property type is significantly more expensive than the others?
Yes, for 1-bedroom units in June 2026, single-family homes have a median rent of $1,851, which is much higher than apartments at $1,313 and condos/townhomes at $1,498.
What is the rent premium between apartments and condos/townhomes for the same bedroom count in South Tacoma / Lakewood, WA?
For 2-bedroom rentals in June 2026, condos/townhomes have a median rent of $1,890 while apartments average $1,703, creating a $187 premium for condos/townhomes.
Which segment in South Tacoma / Lakewood, WA saw the biggest month-over-month rent change in June 2026?
The largest month-over-month rent increase was for 2-bedroom single-family homes, which rose 8.95% from the previous month to $2,135.
South Tacoma / Lakewood, WA
June 2026
98409,98499
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,261 – $1,366
-0.18%
-0.55%
2-Bedroom
$1,618 – $1,788
-1.03%
4.62%
3-Bedroom
$2,042 – $2,257
-2.23%
-6.62%
4-Bedroom
$3,448 – $3,718
0.66%
-1.09%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,461 – $1,536
-0.19%
6.57%
2-Bedroom
$1,824 – $1,956
1.32%
9.55%
3-Bedroom
$2,408 – $2,531
1.68%
-0.49%
4-Bedroom
$3,678 – $3,753
1.29%
-0.20%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,805 – $1,897
6.36%
-2.40%
2-Bedroom
$2,067 – $2,204
8.95%
5.41%
3-Bedroom
$2,400 – $2,558
0.76%
3.62%
4-Bedroom
$2,908 – $3,151
2.05%
7.37%
Data updated: July 19, 2026
In the South Tacoma / Lakewood (98409, 98499) rental market, 1-bedroom apartment rents declined 3.76% MoM and 1.76% YoY, settling at $1,315. This segment trails 1-bedroom condo/townhomes, which achieved a 9.15% YoY increase to $1,506. These numbers highlight divergent rental trajectories within South Tacoma / Lakewood (98409, 98499).
Among 3-bedroom options in South Tacoma / Lakewood (98409, 98499), single-family homes reached a median rent of $2,480, rising 3.87% YoY. In contrast, 3-bedroom apartments experienced a 3.16% YoY decrease to $2,188, marking a clear rent disparity between these property types within South Tacoma / Lakewood (98409, 98499).
Annual gains for 2-bedroom apartments are evident, as South Tacoma / Lakewood (98409, 98499) rental trends record a 6.99% YoY rise to $1,730. However, recent monthly movement saw a modest -0.48% decline. 2-bedroom single-family homes, by comparison, registered a -1.10% YoY drop to $2,021.