South Tacoma / Lakewood, WA
August 2026
98409,98499
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,222 – $1,324 | -2.67% | -4.57% |
| 2-Bedroom | $1,542 – $1,704 | -4.41% | -1.87% |
| 3-Bedroom | $2,157 – $2,384 | 5.83% | -0.22% |
| 4-Bedroom | $3,564 – $3,797 | 1.56% | -0.83% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,452 – $1,518 | -0.59% | 4.96% |
| 2-Bedroom | $1,778 – $1,896 | -3.48% | 5.76% |
| 3-Bedroom | $2,400 – $2,523 | -1.00% | -1.84% |
| 4-Bedroom | $3,697 – $3,808 | 1.06% | -0.44% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,673 – $1,795 | -6.67% | -8.59% |
| 2-Bedroom | $2,155 – $2,312 | 3.64% | 6.40% |
| 3-Bedroom | $2,409 – $2,594 | -0.18% | 4.49% |
| 4-Bedroom | $2,948 – $3,194 | 0.82% | 8.19% |
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.