
Cheap Homes for Rent in Lakebay, WA from $1,100 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lakebay.


8520 Rosedale St NW

561 E Colonel Wright Rd
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.

9524 131st St NW

4501 Grandview Dr W

2820 Garden Ct
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.
Lakebay, WA Local Guide

How much does it cost to rent a home in Lakebay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakebay 2 Bedroom Homes for Rent | $1,921 | $1,550 | $2,250 |
| Lakebay 3 Bedroom Homes for Rent | $2,929 | $1,950 | $4,000 |
| Lakebay 4 Bedroom Homes for Rent | $3,473 | $2,650 | $4,500 |
Browse Top Homes for Rent in Lakebay
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Lakebay, WA Local Guide
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Cheapest Available Lakebay Apartments for Rent and Nearby
 The cheapest available apartment rental in Lakebay, WA is a 1 Bed unit found at Westwood Apartments in the Lake City neighborhood priced from $1,225. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Westwood Apartments | One Bedroom One Bath | 1BR,1BA | $1,225 |
| Flamingo Apartments | Studio | Studio,1BA | $1,300 |
| Miramar Apartments | 0 BDRM 1 BA | Studio,1BA | $1,375 |
Best Value Apartments for Rent in Lakebay, WA and Nearby
As of May 28, 2026 the best value apartment in the Lakebay area is the $1.58 price per square foot B Model at Skansie Pointe Luxury Homes in the in the Artondale neighborhood starting from $2,880. The second greatest value Lakebay apartment is the Water’s Edge Townhomes – Luxury Townhomes for R... Model at Water's Edge Townhomes starting at $2,995 with a $2.00 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Skansie Pointe Luxury Homes | B | 3BR,2.5BA | $1.58 |
| Water's Edge Townhomes | Water’s Edge Townhomes – Luxury Townhomes for R... | 2BR,2.5BA | $2.00 |
| Harbor Oaks | 3 Beds 1 Bath | 3BR,1BA | $1.82 |
| Sunset View | 2x1 Renovated-26 | 2BR,1BA | $1.75 |
| Timberwood Court | 3BR2 | 3BR,2BA | $2.01 |
| 601 Jackson Apartments | Two Bedroom One Bath | 2BR,1BA | $2.05 |
| Fort Steilacoom Apartments | 2 bedroom | 2BR,1BA | $1.83 |
| Miramar Apartments | 0 BDRM 1 BA | Studio ,1BA | $2.01 |
| Trellis Pointe Apartments | One Bedroom | 1BR,1BA | $2.17 |
| Westwood Apartments | One Bedroom One Bath | 1BR,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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Lakebay
What type of rentals are currently available in Lakebay?
There are currently 39 Apartments for Rent in Lakebay, WA with pricing that ranges from $1,100 to $3,860. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakebay ranging from $1,195 to $4,500.
What is the current price range for Rental Homes in Lakebay?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakebay ranges from $1,195 to $4,500 with an average monthly rent of $2,438.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

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.

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.