Cheap Apartments for Rent in Bonney Lake, WA from $800 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in Bonney Lake.

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VIEW BY VINTAGE
1 to 3 Bedroom Apartments

VIEW BY VINTAGE

9800 219th Ave EBonney Lake, WA 98391
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Sumner Mill
Rent Specials
$1,774 - $2,724
Total Monthly Price

Total Monthly Price

Base Rent
$1,774 - $2,724
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Sumner Mill

5816 162nd Ave ESumner, WA 98390
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Whitworth Apartments
1 to 2 Bedroom Apartments

Whitworth Apartments

1612 Valley Ave ESumner, WA 98390
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Belara at Lakeland
1 to 3 Bedroom Apartments

Belara at Lakeland

6170 Terrace View Ln SEAuburn, WA 98092
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5704 Bonney Lake
2 to 3 Bedroom Apartments

5704 Bonney Lake

5704-5710 183rd Ave ESumner, WA 98391

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Bonney Lake, WA Local Guide

Cheapest Neighborhoods for Apartments in Bonney Lake, WA

Pricing Updated: 07/29/2026

Current apartment rentals in the Bonney Lake, WA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Bonney Lake Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Prairie Ridge$2,463$1,84519

Cheapest Available Bonney Lake Apartments for Rent

 

The cheapest available apartment rental in Bonney Lake, WA is a 1 Bed unit found at Elm Valley Apartments in the Outlying Puyallup neighborhood priced from $1,400. Palermo At Lakeland in the Lakeland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,584. Here is today’s list of the most affordable Bonney Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elm Valley ApartmentsOne Bedroom One Bath 16151BR,1BA$1,400
Palermo At LakelandCafe1BR,1BA$1,584
Belara at LakelandPrimo Renovated1BR,1BA$1,705
Four Lakes Apartment HomesHONEYSUCKLE1BR,1BA$1,734
Sumner MillOrton MFTE1BR,1BA$1,774
5704 Bonney Lake2x1.52BR,1BA$1,800
Renwood Apartment HomesCottonwood1BR,1BA$1,845
VIEW BY VINTAGE3x23BR,2BA$1,863
Rainier Meadow1x11BR,1BA$1,875
The Main ApartmentsWOOD W/ DEN1BR,1BA$1,999

Best Value Apartments for Rent in Bonney Lake, WA

As of July 29, 2026 the best value apartment in the Bonney Lake area is the $2.38 price per square foot Alder Model at Washington Court Residential in the in the Outlying Puyallup neighborhood starting from $3,104. The second greatest value Bonney Lake apartment is the 3x2 Model at VIEW BY VINTAGE starting at $1,863 with a $1.60 price per square foot in the Outlying Puyallup neighborhood. Here is today’s list of the best values for Bonney Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Washington Court ResidentialAlder3BR,2BA$2.38
VIEW BY VINTAGE3x23BR,2BA$1.60
5704 Bonney Lake2x1.52BR,1.5BA$1.89
NorthWest Terrace Apartments2x22BR,2BA$2.41
The Main ApartmentsBONNEY W/ DEN1BR,1BA$2.40
Renwood Apartment HomesCottonwood1BR,1BA$2.49
Belara at LakelandPrimo Renovated1BR,1BA$2.30
Four Lakes Apartment HomesHONEYSUCKLE1BR,1BA$2.45
Palermo At LakelandCafe1BR,1BA$2.24
Elm Valley ApartmentsOne Bedroom One Bath 16151BR,1BA$2.58

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Bonney Lake, WA

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Frequently Asked Questions about Cheap Bonney Lake Apartments

How much is rent for a Cheap One Bedroom Bonney Lake Apartment?

The lowest price for a Cheap One Bedroom Bonney Lake Apartment is $1,400 at Elm Valley Apartments.

What is the lowest price for a Cheap Two Bedroom Bonney Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Bonney Lake is starting from $1,800 at 5704 Bonney Lake.

What is the most affordable Bonney Lake Three Bedroom Apartment?

The best deal on a cheap Bonney Lake Three Bedroom Apartment rental is at VIEW BY VINTAGE and starts from $1,863.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.