Low Income Apartments and Affordable Housing For Rent in Lakewood, WA

Discover affordable housing in Lakewood where there are 27+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

10105 114th St SW

10105 114th St SW, Lakewood, Washington 98499

bed 5
payment $2995/mo.

9831 119th St SW

9831 119th St SW, Lakewood, Washington 98498

bed 3
payment $2625/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

12511 98th Ave Ct SW Unit 19

12511 98th Ave Ct SW Unit 19, Lakewood, Washington 98498

bed 2
payment $1595/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

7828 Custer Rd W Unit 7826

7828 Custer Rd W Unit 7826, Lakewood, Washington 98499

bed 2
payment $1745/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

7834 Custer Rd W

7834 Custer Rd W Unit 7834, Lakewood, Washington 98499

bed 2
payment $1885/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Sage Terrace

3502 92nd St S, Lakewood, Washington 98499

switch_access_shortcut Short Wait
accessibility Accessible

Lkwd - Network Tacoma

Venture Ii Apartments, Lakewood, Washington 98499

How To Identify Affordable Housing in Lakewood, Washington

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lakewood, Washington
$37.63/hour
$21.35 (+131%) more than Washington minimum wage and $30.38 (+419%) more than the Federal minimum wage.
Learn More About Lakewood, Washington Affordable Housing ↓

What HUD offices serve Lakewood, Washington?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Lakewood, Washington.

Go to the Washington Public Housing and Low-Income Apartments Waiting Lists page for openings near Lakewood.

How many renters live in Lakewood, Washington?

The City of Lakewood has people living in households.

There are renters living in renter households in this City. Renters make up 52.69 percent of the population living in Lakewood.

What is the rental market like in Lakewood, Washington?

There are an estimated housing units in the Lakewood area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lakewood, Washington, there are 1.05 rental units.

What is the vacancy rate for rentals in Lakewood?

The rental vacancy rate in Lakewood is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Lakewood for each bedroom size?

Occupied Rental Units by Size in Lakewood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,155 5,028 6,134 2,276 238
Occupied Rental Units by Size in Lakewood

A large number of apartments in Lakewood have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Lakewood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,430 to $3,236. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,430
One BR $1,603
Two BR $1,987
Three BR $2,800
Four BR $3,236
2024 Fair Market Rents in Lakewood, Washington

How many units are rented at Fair Market Rent (FMR) in Lakewood?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 931 81 percent
One BR 4,326 86 percent
Two BR 3,612 59 percent
Rental Units Below FMR in Lakewood, Washington

How many affordable rental units are in Lakewood?

There are a variety of federal affordable housing programs serving households in Lakewood, Washington including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Tracked Units by Federal Program in Lakewood, Washington

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Lakewood, Washington

Lakewood features 18 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Lakewood, Washington

There are 490 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lakewood.

Housing Choice Vouchers in Lakewood, Washington

On average, Section 8 Housing Choice vouchers pay Lakewood landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Lakewood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lakewood, Washington for a two-bedroom apartment is between $1,788 and $2,186.

Sourced from federal housing data and AffordableHousingOnline.com research.

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