Thanks for checking out Oak Terrace Apartments! We are a locally owned and professionally managed community, proudly situated in the heart of Lakewood, WA. Tucked away in a peaceful, residential neighborhood, Oak Terrace offers a serene retreat while keeping you connected to everything Lakewood has to offer.
Our location is second to none, just moments from the breathtaking shores of American Lake and surrounded by lush green spaces. Whether you enjoy hiking, biking, or simply relaxing in nature, you'll find scenic parks and nature trails nearby, perfect for outdoor adventures. Lakewood Gardens and Harry Todd Park are just a short distance away, offering expansive areas for picnics, fishing, and family fun. Plus, with shopping, dining, and entertainment at your fingertips, the Lakewood Towne Center and Tacoma Mall are just a quick drive away, providing a wide variety of retail stores and restaurants.
For commuters, Oak Terrace offers quick access to I-5, with easy routes to Tacoma, Seattle, and beyond. Public transportation options are abundant, making your daily commute stress-free. Plus, top-rated schools and the Pierce Transit station are conveniently close, adding to the ease of living in this highly desirable location.
Our spacious 1- and 2-bedroom apartment homes are designed for comfort and style, offering exceptional value. Each unit features a private patio or balcony, custom cabinetry, hard surface countertops, stainless steel appliances, vinyl plank flooring, and a cozy wood-burning fireplace. Large closets offer ample storage space for your convenience.
Our community is packed with amenities to enhance your lifestyle, including a clubhouse with a TV room, a seasonal heated swimming pool, smart package lockers, a dog park, and covered parking. Enjoy peace of mind with secured building entry and video surveillance, ensuring safety and convenience for all of our residents.
Apartment for rent
Special offer
$1,545/moFees may apply
42 Thunderbird Pkwy SW, APT 221, Lakewood, WA 98498
1beds
680sqft
Price may not include required fees and charges. Learn more|
Apartment
Available now
Cats, dogs OK
In unit laundry
Wood
What's special
Cozy wood-burning fireplaceCovered parkingSeasonal heated swimming poolDog parkVinyl plank flooringPrivate patio or balconyPeaceful residential neighborhood
- 59 days |
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Wood
Appliances
- Included: dryer, washer
- Laundry: In Unit, Shared
Features
- Ceiling Fan(s), Elevator, Storage
- Flooring: Vinyl
- Windows: Blinds, Window Coverings
Interior area
- Total interior livable area: 680 sqft
Property
Features
- Patio & porch: Patio
- Exterior features: Balcony, Carports, Custom Cabinetry, Internet Access, Large Closets, New Appliances, New Flooring, New Light Fixtures, Public Transportation, Storage
Details
- Additional structures: Storage
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
Building
Details
- Building name: Oak Terrace
Management
- Pets allowed: Yes
Community & HOA
HOA
- Amenities included: Dog Park, Laundry, Maintenance, Parking, Storage
Location
- Region: Lakewood
Financial & listing details
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Price change | $1,545-1.9%$2/sqft |
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| 7/10/2026 | Price change | $1,575+3.3%$2/sqft |
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| 6/24/2026 | Price change | $1,525+3.4%$2/sqft |
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| 6/20/2026 | Listed for rent | $1,475-5.8%$2/sqft |
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| 5/16/2025 | Listing removed | $1,565$2/sqft |
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| 5/15/2025 | Price change | $1,565+6.1%$2/sqft |
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| 4/18/2025 | Listed for rent | $1,475$2/sqft |
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Neighborhood: Custer
Nearby schools
GreatSchools rating
- 5/10Custer Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 2/10Hudtloff Middle SchoolGrades: 6-8Distance: 0.2 mi
- 6/10Harrison Preparatory SchoolGrades: 6-12Distance: 1.8 mi
There are 7 available units in this apartment building
- Special offer! **Receive 1 MONTH FREE + $0 ADMIN FEE! Move Into a Select Vacant Home by 08/28** (Select Units) Terms & Restrictions Apply. Minimum Lease Term Applies. Other Costs & Fees Excluded






