Long-term Rental Rates — September 2026 · ZIPs: 98409,98499
Local market data by Estaite
As of September 2026, rental prices in South Tacoma / Lakewood (98409, 98499), in the Seattle metro area, range from $1,380 to $3,786 per month depending on property type and bedroom count.
The steepest year-over-year change was a -17.17% decline for 4BR apartments in South Tacoma / Lakewood, WA.
For 1-bedroom units, single-family homes have a median rent of $1,792 while apartments and condos are lower at $1,394 and $1,380 respectively.
What is the typical rent range in South Tacoma / Lakewood, WA as of September 2026?
Median rents in South Tacoma / Lakewood, WA range from $1,380 for a 1BR condo/townhome to $3,786 for a 4BR condo/townhome, as of September 2026.
Which bedroom count sees the largest performance gap between property types in South Tacoma / Lakewood, WA?
For 4-bedroom units in South Tacoma / Lakewood, WA, condos/townhomes dramatically outperform apartments with a median rent of $3,786 compared to $3,122, a difference of $664.
What is the rent premium between apartments and condos for the same bedroom size in South Tacoma / Lakewood, WA?
In South Tacoma / Lakewood, WA, 2BR condos/townhomes rent for $1,890 while 2BR apartments rent for $1,737, resulting in a $153 premium for condos/townhomes.
Which rental segment showed the largest month-over-month change in South Tacoma / Lakewood, WA?
The 4BR apartment segment in South Tacoma / Lakewood, WA experienced the biggest month-over-month movement with a -15.43% decrease in September 2026.
South Tacoma / Lakewood, WA· Seattle metro
September 2026
98409,98499
Long-term Rental Rates
Long-term rental rates for South Tacoma / Lakewood (98409,98499), in the Seattle metro area, as of September 2026.
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,338 – $1,449
9.34%
5.18%
2-Bedroom
$1,650 – $1,824
7.01%
3.65%
3-Bedroom
$2,167 – $2,347
-0.37%
-2.12%
4-Bedroom
$2,982 – $3,263
-15.43%
-17.17%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,360 – $1,401
-6.45%
-2.90%
2-Bedroom
$1,824 – $1,956
3.43%
8.32%
3-Bedroom
$2,379 – $2,501
2.93%
-1.46%
4-Bedroom
$3,653 – $3,817
0.49%
-0.67%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,735 – $1,849
3.28%
-4.16%
2-Bedroom
$2,121 – $2,229
-1.85%
2.90%
3-Bedroom
$2,451 – $2,640
0.14%
3.37%
4-Bedroom
$2,932 – $3,157
-1.15%
4.28%
Data updated: October 19, 2026
South Tacoma / Lakewood Rental Trends · Seattle metro
In the South Tacoma / Lakewood (98409, 98499) rental market, in the Seattle metro area, 1-bedroom apartment rents climbed 10.7% month-over-month to $1,410 in September 2026. They also saw a 6.44% year-over-year increase, signaling renewed demand for smaller units within South Tacoma / Lakewood (98409, 98499).
For larger units in South Tacoma / Lakewood (98409, 98499), 4-bedroom condos and townhomes command the highest median rent at $3,786, outpacing 4-bedroom apartments by $664 and 4-bedroom single-family homes by $741. Despite higher pricing, this segment posted a 0.49% monthly increase but an annual decline of -0.67%.
Annual data for South Tacoma / Lakewood (98409, 98499) rental trends indicate 3-bedroom single-family homes rose 3.37% year-over-year to $2,546. In contrast, 3-bedroom condos declined -1.46% and 3-bedroom apartments fell -3.19%, highlighting the relative strength of single-family properties in this size range.