Lakewood, originally developed as a collection of lakeside retreats for Tacoma's wealthy residents, now offers an appealing mix of waterfront living and urban convenience just south of Tacoma. Home to the historic Fort Steilacoom Park and Western State Hospital, this Pierce County city features charming neighborhoods nestled around American Lake, Lake Steilacoom, and Gravelly Lake. Rental options range from waterfront townhomes to cozy single-family homes, with average one-bedroom apartments renting for around $1,226 per month — significantly below the Washington state average of $1,821.

The city boasts an authentic International District along South Tacoma Way and Pacific Highway, where renters can enjoy diverse dining options featuring Korean, Vietnamese, Chinese, and Latino influences. Lakewood Towne Center provides essential shopping, while the elegant Lakewold Gardens offers twelve acres of curated landscape design for peaceful weekend strolls. Rental communities in neighborhoods like Oakbrook and Lake City provide privacy and comfort away from busier commercial areas.

Lakewood's location offers excellent accessibility for commuters, with Interstate 5 running through the eastern portion of the city and the western terminus of State Route 512 providing quick connections to surrounding communities. Joint Base Lewis-McChord borders the city and serves as a major employer for many residents. With Pierce College and Clover Park Technical College both located within city limits, educational opportunities are readily available. The average commute time to Tacoma is approximately 15 minutes, while Seattle is accessible within an hour during off-peak hours.