
Cheap Apartments for Rent in Bonney Lake, WA from $1,100 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Bonney Lake.


Mill Pond Apartments

Elm Valley Apartments

Palermo At Lakeland
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Whitworth Apartments

1620 7th Ave SE

817 5th St SW

13421 97th Ave E
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

18601 4th St E
Bonney Lake, WA Local Guide

How much does it cost to rent an apartment in Bonney Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Bonney Lake Studio Apartments | $1,525 | $1,525 | $1,525 |
| Cheap Bonney Lake 1 Bedroom Apartments | $1,834 | $1,500 | $2,350 |
| Cheap Bonney Lake 2 Bedroom Apartments | $2,179 | $1,700 | $2,720 |
| Cheap Bonney Lake 3 Bedroom Apartments | $2,489 | $2,382 | $2,900 |
Browse Top Apartments in Bonney Lake
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Bonney Lake, WA Local Guide
- Bonney Lake Neighborhoods
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Cheapest Neighborhoods for Apartments in Bonney Lake, WA
Pricing Updated: 01/20/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Prairie Ridge | $2,447 | $1,800 | 8 |
Cheapest Available Bonney Lake Apartments for Rent
 The cheapest available apartment rental in Bonney Lake, WA is a Studio unit found at Mill Pond Apartments in the Lakeland neighborhood priced from $1,375. Palermo At Lakeland in the Lakeland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,567. Here is today’s list of the most affordable Bonney Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mill Pond Apartments | Studio | Studio,1BA | $1,375 |
| Palermo At Lakeland | Cafe | 1BR,1BA | $1,567 |
| Four Lakes Apartment Homes | HONEYSUCKLE | 1BR,1BA | $1,730 |
Best Value Apartments for Rent in Bonney Lake, WA
As of January 20, 2026 the best value apartment in the Bonney Lake area is the $2.14 price per square foot 2x2L Model at Cavalla Apartment Homes in the in the Outlying Puyallup neighborhood starting from $2,650. The second greatest value Bonney Lake apartment is the Ray Model at Aster Townhomes starting at $2,556 with a $2.08 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cavalla Apartment Homes | 2x2L | 2BR,2BA | $2.14 |
| Aster Townhomes | Ray | 2BR,2.5BA | $2.08 |
| Renwood Apartment Homes | Willow | 3BR,2BA | $2.10 |
| 410 Apartments in Beautiful Bonney Lake, Washington | 2BR/2.0BA | 2BR,2BA | $2.27 |
| Northwest Terrace Apartments, Wonderful Place to Live! | 2 Bed 2 Bath | 2BR,2BA | $2.17 |
| Salmon Creek Apartments | 2 Bedroom/1 Bathroom | 2BR,1BA | $2.14 |
| Elm Valley Apartments | Two Bedroom One Bath 1715 | 2BR,1BA | $2.30 |
| Rainier Meadow | 2x1 | 2BR,1BA | $2.35 |
| Belara at Lakeland | Primo Renovated | 1BR,1BA | $2.39 |
| Palermo At Lakeland | Cafe | 1BR,1BA | $2.22 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Bonney Lake, WA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Bonney Lake, WA Rentals by Map
See the most popular apartments and homes in Bonney Lake, WA
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 $1,549 at Mill Pond 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 $1,795 at Salmon Creek Apartments.
What is the most affordable Bonney Lake Three Bedroom Apartment?
The best deal on a cheap Bonney Lake Three Bedroom Apartment rental is at Palermo At Lakeland and starts from $2,382.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!