South Tacoma / Lakewood, WA
April 2026
98409,98499
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,316 – $1,426 | 0.76% | 4.94% |
| 2-Bedroom | $1,635 – $1,807 | -0.54% | 6.33% |
| 3-Bedroom | $2,072 – $2,290 | 2.70% | -3.49% |
| 4-Bedroom | $3,428 – $3,703 | -0.64% | 0.03% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,437 – $1,510 | -0.87% | 7.51% |
| 2-Bedroom | $1,788 – $1,918 | 3.23% | 8.03% |
| 3-Bedroom | $2,146 – $2,301 | -2.65% | -9.42% |
| 4-Bedroom | $3,535 – $3,708 | -0.17% | 0.81% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,692 – $1,815 | -8.25% | -6.33% |
| 2-Bedroom | $1,916 – $2,015 | -8.18% | -2.40% |
| 3-Bedroom | $2,334 – $2,579 | 5.86% | 6.94% |
| 4-Bedroom | $2,908 – $3,132 | -0.31% | 3.29% |
Within South Tacoma / Lakewood (98409, 98499), 2-bedroom condo/townhome rents increased 3.23% month-over-month to $1,853 in April. This growth outpaces 2-bedroom apartments, which declined 0.54% during the same period and ended at $1,721, illustrating a $132 premium for condos over apartments in this category.
In South Tacoma / Lakewood (98409, 98499), 3-bedroom single-family rentals climbed to $2,457, marking a 5.86% monthly increase. These homes exceed 3-bedroom condos at $2,223 and apartments at $2,181 by $234 and $276 respectively, demonstrating that single-family options command higher rents in the 3-bedroom segment.
According to recent data, South Tacoma / Lakewood (98409, 98499) rental trends show a substantial month-over-month decrease in 1-bedroom single-family homes, dropping 8.25% to $1,753. In contrast, both 1-bedroom apartments and condos recorded positive gains for the month, highlighting diverging performance across segments.