Cheap Apartments for Rent in Lakebay, WA from $1,100 (27 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Valencia Apartments
2 Bedroom Apartments

Valencia Apartments

2833 Grandview Dr WUniversity Place, WA 98466

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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Fir Park Apartments
2 Bedroom Apartments

Fir Park Apartments

7502-7518 41st St Ct WUniversity Place, WA 98466
  • Utilities Included
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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 Flamingo Apartments in the West End neighborhood priced from $1,260. 601 Jackson Apartments in the West End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. Here is today’s list of the most affordable Lakebay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Flamingo ApartmentsStudioStudio,1BA$1,260
601 Jackson ApartmentsOne Bedroom1BR,1BA$1,275
Westwood ApartmentsOne Bedroom One Bath1BR,1BA$1,295
Harbor Oaks1 Bed 1 Bath1BR,1BA$1,540
Bridgeview 1251 Bed / 1 Bath1BR,1BA$1,600
Valencia Apartments2 Bedroom One and Half Bath2BR,1BA$1,650
Chambers Pointe Apartments2 Bedroom 1 Bath Standard2BR,1BA$1,670
The Hideaway at University Place1 bedroom1BR,1BA$1,695
Stonepointe University PlaceAnderson1BR,1BA$1,697
Harborwood West Apartments2 Beds, 1.5 baths2BR,1BA$1,705

Best Value Apartments for Rent in Lakebay, WA and Nearby

As of June 07, 2025 the best value apartment in the Lakebay area is the $1.66 price per square foot 2 Bd 2.5 Bath Classic Model at Water's Edge Townhomes in the in the West End neighborhood starting from $2,495. The second greatest value Lakebay apartment is the 2bed 1.5bath Townhouse Model at SoundWest Townhomes starting at $1,795 with a $1.50 price per square foot in the University Place 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.
Water's Edge Townhomes2 Bd 2.5 Bath Classic2BR,2.5BA$1.66
SoundWest Townhomes2bed 1.5bath Townhouse2BR,1.5BA$1.50
Devonshire Townhomes2 Bedrooms2BR,1.5BA$1.65
Harborwood West Apartments2 Beds, 1.5 baths2BR,1.5BA$1.69
Olympic Terrace9602BR,2BA$1.88
Marketplace Flats1x1 Deluxe1BR,1BA$2.04
Chambers Pointe Apartments2 Bedroom 1 Bath Standard2BR,1BA$1.91
Valencia Apartments2 Bedroom One and Half Bath2BR,1.5BA$1.98
Westwood ApartmentsTwo Bedroom One Bath2BR,1BA$2.03
Harbor Oaks1 Bed 1 Bath1BR,1BA$2.12

Quick Rent Budget Calculator

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

Explore Lakebay, WA Rentals by Map

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See the most popular apartments and homes in Lakebay, WA

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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 Flamingo Apartments listed at $1,260.

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

The lowest price for a Cheap One Bedroom Lakebay Apartment is $1,275 at 601 Jackson 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 $1,525 at Westwood Apartments.

What is the most affordable Lakebay Three Bedroom Apartment?

The best deal on a cheap Lakebay Three Bedroom Apartment rental is at Boulders at Puget Sound and starts from $2,485.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.