
Cheap Apartments for Rent in Lacey, WA from $1,250 (96 Rentals)
Search the lowest-cost Apartments available for rent right now in Lacey.


The Timbers Apartments

Capitol Club Apartments

Emerald Greens

629 Apartments

Lacey Park Apartments

8019 N Bicentennial Loop SE

Carpenter Crest

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Martingale Apartments

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Britton Place
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

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The Marq on Martin

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Callen

Lakeview Village

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Toscana Apartment Homes

Chambers Crest

Hogum Bay Apartments

Trailside

8024 S Bicentennial Loop SE

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1126 Sleater Kinney Rd SE
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.

Sunset Gardens

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The Elowen

6102 Glen Mary Ln SE

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6Wood Flats

The Tilden

4218 6th Ave NE

Karlo Apartments

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The Dakota

8730 Hanna Ln NE

8733 Hanna Ln NE
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.

South Sound Villa Apartments

Silverwood

The Ashton

Golf Club Apartments

Copper Wood

The Hub

Forest Grove Apartments

Nisqually Ridge

College Pointe Apartments

Windrush SMC, LLC
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.

748 Old Pacific Hwy SE

Firwood Grove Apartment LLC

Serenity Apartments

9236 White Fir Dr NE

Williams Court Townhomes

The Lodge

Regency Apartments

Modera Lacey

Meadowscape

4419 21st Ct SE
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

How much does it cost to rent an apartment in Lacey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lacey Studio Apartments | $1,585 | $1,399 | $1,985 |
| Cheap Lacey 1 Bedroom Apartments | $1,803 | $1,250 | $2,558 |
| Cheap Lacey 2 Bedroom Apartments | $2,111 | $1,400 | $3,363 |
| Cheap Lacey 3 Bedroom Apartments | $2,389 | $1,695 | $2,925 |
| Cheap Lacey 4 Bedroom Apartments | $2,528 | $2,011 | $3,045 |
Browse Top Apartments in Lacey
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Lacey, WA Local Guide
- Lacey Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Lacey, WA
Pricing Updated: 09/12/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Lake Forest | $1,766 | $1,250 | 45 |
| Avonlea | $1,895 | $1,279 | 49 |
| East Olympia | $1,960 | $1,250 | 162 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Timbers Apartments | 1 Bedroom | 1BR,1BA | $1,295 |
| Capitol Club Apartments | One Bedroom | 1BR,1BA | $1,315 |
| Emerald Greens | 1x1S | 1BR,1BA | $1,325 |
| Lacey Park Apartments | Studio | Studio,1BA | $1,400 |
| Hawks Prairie Apartments | 1 BR/ 1 BA | 1BR,1BA | $1,400 |
| Carpenter Crest | 1X1 - 563 SQ. FT. | 1BR,1BA | $1,420 |
| Hearthstone Place | Studio W/Den | Studio,1BA | $1,450 |
| Martingale Apartments | Studio S1 | Studio,1BA | $1,497 |
| 629 Apartments | 629b1 | 1BR,1BA | $1,499 |
| 1126 Neil Street NE | 2BR/1.0BA | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pacific Place Apartments | two bedroom | 2BR,1BA | $1.87 |
| Meadowscape | 2x2 - D1 | 2BR,2BA | $2.02 |
| The Dakota | 2 Bed 2 Baths | 2BR,2BA | $2.00 |
| The Tilden | Leaf | 2BR,1BA | $2.09 |
| Landis Pointe | 2X2 | 2BR,2BA | $1.89 |
| Forest Grove Apartments | Cascade | 2BR,2BA | $1.67 |
| Ensign I & II | 204 2x1 renovated | 2BR,1BA | $2.07 |
| Merritt Manor | Two Bedroom, One Bath - 2x1 | 2BR,1BA | $1.89 |
| The Huntington Apartments | Renovated 1 bed 1 bath | 1BR,1BA | $2.08 |
| Hawks Prairie Apartments | 1 BR/ 1 BA | 1BR,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.
Read ArticleNavigating 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.
Read ArticleReal 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.
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.
Lacey, WAPopulation: 50,718
Ranked #766
in US Census Population by City
Best Local Schools in Lacey, WA
North Thurston High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lacey, WA Rentals by Map
See the most popular apartments and homes in Lacey, WA
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

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.

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.

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.

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.