
Cheap Homes for Rent in Bonney Lake, WA from $1,500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Bonney Lake.


5804 186th Ave E, Unit C
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.

7105 166th Ave E

9152 184th Avenue East
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.

6515 193rd Ave E
Bonney Lake, WA Local Guide

How much does it cost to rent a home in Bonney Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bonney Lake 2 Bedroom Homes for Rent | $2,046 | $1,595 | $2,795 |
| Bonney Lake 3 Bedroom Homes for Rent | $2,831 | $2,350 | $3,500 |
| Bonney Lake 4 Bedroom Homes for Rent | $3,176 | $2,000 | $4,100 |
| Bonney Lake 5 Bedroom Homes for Rent | $3,765 | $3,600 | $3,995 |
| Bonney Lake 6 Bedroom Homes for Rent | $3,504 | $3,395 | $3,600 |
Browse Top Homes for Rent in Bonney Lake
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Bonney Lake, WA Local Guide
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Cheapest Neighborhoods for Apartments in Bonney Lake, WA
Pricing Updated: 12/29/2025Current 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 | $2,438 | $1,657 | 10 |
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 |
| Renwood Apartment Homes | Cottonwood | 1BR,1BA | $1,657 |
Best Value Apartments for Rent in Bonney Lake, WA
As of December 30, 2025 the best value apartment in the Bonney Lake area is the $1.73 price per square foot 2.2.5 Model at 5704 Bonney Lake in the in the Outlying Puyallup neighborhood starting from $2,200. The second greatest value Bonney Lake apartment is the 2x2L Model at Cavalla Apartment Homes starting at $2,650 with a $2.14 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. |
|---|---|---|---|
| 5704 Bonney Lake | 2.2.5 | 2BR,2.5BA | $1.73 |
| Cavalla Apartment Homes | 2x2L | 2BR,2BA | $2.14 |
| VIEW BY VINTAGE | 3x2 | 3BR,2BA | $1.52 |
| Northwest Terrace Apartments, Wonderful Place to Live! | 2 Bed 2 Bath | 2BR,2BA | $2.17 |
| The Main Apartments | BONNEY | 1BR,1BA | $2.43 |
| Washington Court Residential | Peach | 1BR,1BA | $2.48 |
| Salmon Creek Apartments | 2 Bedroom/1 Bathroom | 2BR,1BA | $2.14 |
| Belara at Lakeland | Primo Renovated | 1BR,1BA | $2.27 |
| Renwood Apartment Homes | Cottonwood | 1BR,1BA | $2.24 |
| 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 Bonney Lake
What type of rentals are currently available in Bonney Lake?
There are currently 87 Apartments for Rent in Bonney Lake, WA with pricing that ranges from $1,500 to $2,900. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bonney Lake ranging from $1,595 to $4,100.
What is the current price range for Rental Homes in Bonney Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Bonney Lake ranges from $1,595 to $4,100 with an average monthly rent of $3,064.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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!