Lakewood, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lakewood, California rental market.
Average Apartment Rent in August 2022
Y-o-Y Change in Average
Compared to a year ago, Lakewood, California apartments have recorded a 10.2% rent increase.
Lakewood, California |Average apartment rent trend
Lakewood, California| Average apartment rent
Lakewood, California | Apartment rent ranges
At 57.2%, apartments priced Over $2,000 represent the bulk of Lakewood, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 5.72%.
Lakewood, California | Housing tenure**
Renters take up 26% of Lakewood, California real estate, occupying a total of 6,760 units, while homeowners live in 18,800 properties.
Median number of rooms of renter-occupied housing units**
Renter median household income**
Average household size of renter-occupied housing units**
Rental vacancy rate**
Lakewood, California | Renter-occupied housing units by no. of bedrooms**
There are 2,791 rentals in Lakewood, California with 2 beds making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (5%), amounting to 308 units. Overall, the median number of rooms in Lakewood, California homes for rent is 4.4.
Lakewood, California |Renter-occupied units by age of householder**
Most condos for rent in Lakewood, California are occupied by residents in the 35 - 44 years age group (24%), followed by those in the 45 - 54 years age group (23%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Lakewood, California | Renter-occupied housing units by family type**
Lakewood, California | Renter-occupied housing units by the presence of own children**
A total of 4,967 apartments for rent in Lakewood, California, or 73% of all rentals are family households. Additionally, 40% of rental homes include children under the age of 18 – that’s 2,737 units. All in all, the median size of a renter-occupied household in Lakewood, California is 3.07.
Lakewood, California | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 29% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Lakewood, California.
Lakewood, California | Renter-occupied units by year structure built**
The highest share of Lakewood, California apartment rentals, namely 30% or 2,001 units, were Built 1950 - 1959, followed by those Built 1960 - 1969 (22%, 1,512 units), and the ones Built 1970 - 1979 (19%, 1,297 units).
Lakewood, California | Renter-occupied units by year householder moved in**
Median year renter moved into unit2014
Most Lakewood, California renters (42%) moved in 2015 to 2016, while only 4% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Lakewood, California condos for rent is 2014.
Lakewood, California | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 36% of Lakewood, California renters have 2 vehicles available per household, 33% of them have 1 vehicle available, and 19% have 3 vehicles available.
Lakewood, California | Means of transportation to work of householders living in renter-occupied housing units**
Lakewood, California |Geographical mobility in the past year for householders living in renter-occupied housing units**
Lakewood, California | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lakewood, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates