Cheap Apartments for Rent in Lacey, WA from $1,250 (96 Rentals)

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Britton Place
Rent Specials
$1,501 - $2,920

Total Monthly Price

Base Rent$1,501 - $2,920

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Britton Place

6655 Britton Pky NELacey, WA 98516
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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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Arrow Apartments
$1,525 - $2,150

Total Monthly Price

Base Rent$1,525 - $2,150

Total Monthly Price$1,525 - $2,150
Studio to 2 Bedroom Apartments Available Now

Arrow Apartments

7415 Hawks Prairie Rd NELacey, WA 98516
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The Marq on Martin
Rent Specials
$1,543 - $2,214

Total Monthly Price

Base Rent$1,543 - $2,214

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

The Marq on Martin

8515 Litt Dr SELacey, WA 98516
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Callen
Rent Specials
$1,585 - $2,292

Total Monthly Price

Base Rent$1,585 - $2,292

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Callen

1404 Brittany Ln NELacey, WA 98516
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Toscana Apartment Homes
Rent Specials
$1,648 - $2,277

Total Monthly Price

Base Rent$1,648 - $2,277

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Toscana Apartment Homes

6979 Birdseye Ave NELacey, WA 98516
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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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The Elowen
Rent Specials
$1,764 - $2,640

Total Monthly Price

Base Rent$1,764 - $2,640

Total Monthly Price$1,764 - $2,640
1 to 3 Bedroom Apartments Available Now

The Elowen

5224 15th Ave NELacey, WA 98516
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6Wood Flats
Rent Specials
$1,795 - $2,415

Total Monthly Price

Base Rent$1,795 - $2,415

Total Monthly Price$1,795 - $2,415
Studio to 3 Bedroom Apartments Available Now

6Wood Flats

4410 6th Ave SELacey, WA 98503
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The Dakota
$1,933 - $2,173

Total Monthly Price

Base Rent$1,933 - $2,173

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

The Dakota

6205 Pacific Ave SELacey, WA 98503
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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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Silverwood
Studio to 2 Bedroom Apartments

Silverwood

1617 Judd St SELacey, WA 98503
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The Ashton
1 to 2 Bedroom Apartments

The Ashton

1025 Neil St NELacey, WA 98516
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Golf Club Apartments
1 to 3 Bedroom Apartments

Golf Club Apartments

1130 Golf Club Rd SELacey, WA 98503
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Copper Wood
1 to 4 Bedroom Apartments

Copper Wood

110 Copper Wood Ln SELacey, WA 98516
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The Hub
Studio to 2 Bedroom Apartments

The Hub

4444 6th Ave SELacey, WA 98503
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Nisqually Ridge
1 to 3 Bedroom Apartments

Nisqually Ridge

110 River Ridge Dr SELacey, WA 98513
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Windrush SMC, LLC
1 to 2 Bedroom Apartments

Windrush SMC, LLC

1219 East St SELacey, WA 98503

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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Serenity Apartments
Studio to 3 Bedroom Apartments

Serenity Apartments

444 Carpenter Rd SELacey, WA 98503
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The Lodge
Studio to 3 Bedroom Apartments

The Lodge

456 Carpenter Rd SELacey, WA 98503
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Regency Apartments
Studio to 2 Bedroom Apartments

Regency Apartments

1255 McDaniel Ln SELacey, WA 98503
Corporate Housing
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Modera Lacey
1 to 3 Bedroom Apartments

Modera Lacey

5499 15th Ave NELacey, WA 98516
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Meadowscape
Studio to 2 Bedroom Apartments

Meadowscape

7641 3rd Way SELacey, WA 98503
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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.

Lacey, WA Local Guide

Cheapest Neighborhoods for Apartments in Lacey, WA

Pricing Updated: 09/12/2026

Current apartment rentals in the Lacey, WA area range in price from $1,250 to $3,363 with an overall median price of $1,913. Here is today’s list neighborhoods with the lowest median pricing for Lacey Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lake Forest$1,766$1,25045
Avonlea$1,895$1,27949
East Olympia$1,960$1,250162

Cheapest Available Lacey Apartments for Rent

 

The cheapest available apartment rental in Lacey, WA is a 1 Bed unit found at The Timbers Apartments in the Avonlea neighborhood priced from $1,295. Capitol Club Apartments in the Lexington neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,315. Here is today’s list of the most affordable Lacey apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Timbers Apartments1 Bedroom1BR,1BA$1,295
Capitol Club ApartmentsOne Bedroom1BR,1BA$1,315
Emerald Greens1x1S1BR,1BA$1,325
Lacey Park ApartmentsStudioStudio,1BA$1,400
Hawks Prairie Apartments1 BR/ 1 BA1BR,1BA$1,400
Carpenter Crest1X1 - 563 SQ. FT.1BR,1BA$1,420
Hearthstone PlaceStudio W/DenStudio,1BA$1,450
Martingale ApartmentsStudio S1Studio,1BA$1,497
629 Apartments629b11BR,1BA$1,499
1126 Neil Street NE2BR/1.0BA2BR,1BA$1,500

Best Value Apartments for Rent in Lacey, WA

As of September 12, 2026 the best value apartment in the Lacey area is the $1.87 price per square foot two bedroom Model at Pacific Place Apartments in the in the Lexington neighborhood starting from $2,200. The second greatest value Lacey apartment is the 2x2 - D1 Model at Meadowscape starting at $2,265 with a $2.02 price per square foot in the Hawks Prairie neighborhood. Here is today’s list of the best values for Lacey apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pacific Place Apartmentstwo bedroom2BR,1BA$1.87
Meadowscape2x2 - D12BR,2BA$2.02
The Dakota2 Bed 2 Baths2BR,2BA$2.00
The TildenLeaf2BR,1BA$2.09
Landis Pointe2X22BR,2BA$1.89
Forest Grove ApartmentsCascade2BR,2BA$1.67
Ensign I & II204 2x1 renovated2BR,1BA$2.07
Merritt ManorTwo Bedroom, One Bath - 2x12BR,1BA$1.89
The Huntington ApartmentsRenovated 1 bed 1 bath1BR,1BA$2.08
Hawks Prairie Apartments1 BR/ 1 BA1BR,1BA$2.00

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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.

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Lacey, WA
Population: 50,718

Ranked #766

in US Census Population by City

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Lacey Apartments

What is the Cheapest Studio apartment in Lacey?

Currently the most affordable Cheap Studio Apartment in Lacey is at Lacey Park Apartments listed at $1,400.

How much is rent for a Cheap One Bedroom Lacey Apartment?

The lowest price for a Cheap One Bedroom Lacey Apartment is $1,295 at The Timbers Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lacey is starting from $1,500 at 1126 Neil Street NE.

What is the most affordable Lacey Three Bedroom Apartment?

The best deal on a cheap Lacey Three Bedroom Apartment rental is at College Pointe Apartments and starts from $2,240.

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

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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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.