Cheap Apartments for Rent in Lakebay, WA from $1,100 (40 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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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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Fir Park Apartments
1 to 2 Bedroom Apartments

Fir Park Apartments

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

Valencia Apartments

2833 Grandview Dr WUniversity Place, WA 98466

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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Harbor Oaks
1 to 3 Bedroom Apartments

Harbor Oaks

97 Byrd DrSteilacoom, WA 98388

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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Showing Results 1-40, 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 $1,100. Flamingo Apartments in the West End neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here is today’s list of the most affordable Lakebay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Steilacoom WoodsStudioStudio,1BA$1,100
Flamingo ApartmentsStudioStudio,1BA$1,300
Miramar Apartments0 BDRM 1 BAStudio,1BA$1,375
Fort Steilacoom Apartments2 bedroom2BR,1BA$1,390
Gig Harbor Villa ApartmentsDeluxe 2 bed 1 bath2BR,1BA$1,525
Windemere ApartmentsOne Bedroom Standard1BR,1BA$1,540
Marketplace FlatsStudio DeluxeStudio,1BA$1,550
The LarsonStudioStudio,1BA$1,555
601 Jackson ApartmentsTwo Bedroom One Bath2BR,1BA$1,575
Bridgeview 125StudiosStudio,1BA$1,600

Best Value Apartments for Rent in Lakebay, WA and Nearby

As of April 25, 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 2bed 1.5bath Townhouse Model at SoundWest Townhomes starting at $1,995 with a $1.67 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.
Skansie Pointe Luxury HomesF3BR,2.5BA$1.58
SoundWest Townhomes2bed 1.5bath Townhouse2BR,1.5BA$1.67
Harbor Village ApartmentsThe Narrows2BR,2BA$1.95
Sunset View2x1 Renovated2BR,1BA$1.65
Harbor Oaks2 Beds 1 Bath2BR,1BA$1.97
Gig Harbor Villa ApartmentsDeluxe 2 bed 1 bath2BR,1BA$1.69
601 Jackson ApartmentsTwo Bedroom One Bath2BR,1BA$2.05
Fort Steilacoom Apartments2 bedroom2BR,1BA$1.83
Windemere ApartmentsOne Bedroom Standard1BR,1BA$2.05
Miramar Apartments0 BDRM 1 BAStudio ,1BA$2.01

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 Steilacoom Woods listed at $1,100.

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

The lowest price for a Cheap One Bedroom Lakebay Apartment is $1,540 at Windemere 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 Miramar Apartments and starts from $1,875.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.