Cheap Apartments for Rent in Lakebay, WA from $1,100 (42 Rentals)

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

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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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.

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Cash 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.

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Fir Park Apartments
1 to 2 Bedroom Apartments

Fir Park Apartments

7502-7518 41st St Ct WUniversity Place, WA 98466
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Valencia Apartments
Studio to 3 Bedroom Apartments

Valencia Apartments

2833 Grandview Dr WUniversity Place, WA 98466
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Flamingo Apartments
Studio to 1 Bedroom Apartments

Flamingo Apartments

7319 6th AveTacoma, WA 98406
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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.

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Harbor Oaks
1 to 3 Bedroom Apartments

Harbor Oaks

97 Byrd DrSteilacoom, WA 98388

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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Showing Results 1-42, Page 1 of 1

Lakebay, WA Local Guide

Cheapest Available Lakebay Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lakebay, WA is a Studio unit found at Steilacoom Woods in the Lake City neighborhood priced from $1,150. Westwood Apartments in the Lake City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,225. Here is today’s list of the most affordable Lakebay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Steilacoom WoodsStudioStudio,1BA$1,150
Westwood ApartmentsOne Bedroom One Bath1BR,1BA$1,225
Fort Steilacoom Apartments2 bedroom2BR,1BA$1,390
Timberwood Court2BR2BR,1BA$1,495
601 Jackson ApartmentsTwo Bedroom One Bath2BR,1BA$1,575
Miramar Apartments2 BDRM 1 BA2BR,1BA$1,599
Olympic Terrace6831BR,1BA$1,600
4425 Apartments1 Bedroom Standard A1BR,1BA$1,610
Bridgeview 125studioStudio,1BA$1,650
Sunset View Apartments2x1 Renovated2BR,1BA$1,650

Best Value Apartments for Rent in Lakebay, WA and Nearby

As of June 12, 2026 the best value apartment in the Lakebay area is the $1.69 price per square foot E Model at Skansie Pointe Luxury Homes in the in the Artondale neighborhood starting from $3,400. The second greatest value Lakebay apartment is the 3 Beds 1 Bath Model at Harbor Oaks starting at $2,045 with a $1.82 price per square foot in the Lake City neighborhood. Here is today’s list of the best values for Lakebay apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skansie Pointe Luxury HomesE3BR,3BA$1.69
Harbor Oaks3 Beds 1 Bath3BR,1BA$1.82
Miramar Apartments2 BDRM 1 BA2BR,1BA$1.45
Sunset View2x1 Renovated-262BR,1BA$1.75
Timberwood Court3BR23BR,2BA$2.01
Bridgeport 9 Townhomes2 Bed 1.5 Bath2BR,1.5BA$2.22
Bridgeport Terrace Apartments2 Bed 1 Bath2BR,1BA$2.08
601 Jackson ApartmentsTwo Bedroom One Bath2BR,1BA$2.05
Fort Steilacoom Apartments2 bedroom2BR,1BA$1.83
Westwood ApartmentsOne Bedroom One Bath1BR,1BA$1.88

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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Quick 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.

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

Explore Lakebay, WA Rentals by Map

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Frequently Asked Questions about Cheap Lakebay Apartments

What is the Cheapest Studio apartment in Lakebay?

Currently the most affordable Cheap Studio Apartment in Lakebay is at Steilacoom Woods listed at $1,150.

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

The lowest price for a Cheap One Bedroom Lakebay Apartment is $1,225 at Westwood Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lakebay is starting from $1,390 at Fort Steilacoom Apartments.

What is the most affordable Lakebay Three Bedroom Apartment?

The best deal on a cheap Lakebay Three Bedroom Apartment rental is at Timberwood Court and starts from $1,795.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.