Cheap Apartments for Rent in Lakebay, WA from $1,100 (31 Rentals)

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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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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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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

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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Harbor Oaks
1 to 3 Bedroom Apartments

Harbor Oaks

97 Byrd DrSteilacoom, WA 98388
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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 1 Bed unit found at Fort Steilacoom Apartments in the Lake City neighborhood priced from $1,200. Westwood Apartments in the Lake City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here is today’s list of the most affordable Lakebay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fort Steilacoom Apartments1 Bedroom1BR,1BA$1,200
Westwood ApartmentsOne Bedroom One Bath1BR,1BA$1,295
Flamingo ApartmentsStudioStudio,1BA$1,300
Trellis Pointe ApartmentsOne Bedroom1BR,1BA$1,475
Gig Harbor Villa ApartmentsDeluxe 2 bed 1 bath2BR,1BA$1,525
Harbor Oaks1 Bed 1 Bath1BR,1BA$1,529
Boulders at Puget SoundBrewster1BR,1BA$1,536
The Hideaway at University Place1 bedroom1BR,1BA$1,545
Sunset View2x1 Renovated2BR,1BA$1,595
CliffsidePlan 1A1BR,1BA$1,638

Best Value Apartments for Rent in Lakebay, WA and Nearby

As of March 09, 2026 the best value apartment in the Lakebay area is the $1.58 price per square foot F Model at Skansie Pointe Luxury Homes in the in the Artondale neighborhood starting from $2,850. The second greatest value Lakebay apartment is the Classic Townhomes Model at Water's Edge Townhomes starting at $2,395 with a $1.60 price per square foot in the West End 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 HomesF3BR,2.5BA$1.58
Water's Edge TownhomesClassic Townhomes2BR,2.5BA$1.60
SoundWest Townhomes2bed 1.5bath Townhouse2BR,1.5BA$1.67
Harbor Village ApartmentsThe Harborside3BR,2BA$1.94
Sunset View2x1 Renovated2BR,1BA$1.60
Timberwood Court3BR3BR,1BA$2.01
Forest Grove Apartments2 Bed 2 Bath A2BR,2BA$1.96
Gig Harbor Villa ApartmentsDeluxe 2 bed 1 bath2BR,1BA$1.69
Westwood ApartmentsTwo Bedroom One Bath2BR,1BA$2.03
Fort Steilacoom Apartments1 Bedroom1BR,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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The 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.

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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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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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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 $1,300.

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

The lowest price for a Cheap One Bedroom Lakebay Apartment is $1,200 at Fort Steilacoom 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 Timberwood Court and starts from $1,995.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.