
Cheap Homes for Rent in Lakebay, WA from $1,400 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Lakebay.


5140 E Mason Lake Dr W
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.

199 E Cutty Sark

10514 Guthrie Rd
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.

8432 S 18th St
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 | $2,150 | $1,650 | $2,650 |
| Lakebay 3 Bedroom Homes for Rent | $2,933 | $2,300 | $6,000 |
| Lakebay 4 Bedroom Homes for Rent | $3,264 | $2,295 | $4,250 |
| Lakebay 5 Bedroom Homes for Rent | $2,950 | $2,700 | $3,200 |
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 Fort Steilacoom Apartments in the Lake City neighborhood priced from $1,195. Flamingo Apartments in the West End neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,285. Here is today’s list of the most affordable Lakebay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fort Steilacoom Apartments | 1 Bedroom | 1BR,1BA | $1,195 |
| Flamingo Apartments | Studio | Studio,1BA | $1,285 |
| Westwood Apartments | One Bedroom One Bath | 1BR,1BA | $1,295 |
Best Value Apartments for Rent in Lakebay, WA and Nearby
As of January 05, 2026 the best value apartment in the Lakebay area is the $1.67 price per square foot E Model at Skansie Pointe Luxury Homes in the in the Artondale neighborhood starting from $3,345. The second greatest value Lakebay apartment is the Luxury Townhomes Model at Water's Edge Townhomes starting at $2,895 with a $1.93 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 | E | 3BR,3BA | $1.67 |
| Water's Edge Townhomes | Luxury Townhomes | 2BR,2.5BA | $1.93 |
| SoundWest Townhomes | 3x2 Townhouse | 3BR,2BA | $1.60 |
| Harbor Village Apartments | The Harborside | 3BR,2BA | $1.94 |
| Trellis Pointe Apartments | Two Bedroom One Bath | 2BR,1BA | $1.57 |
| Miramar Apartments | 2 BDRM 1 BA | 2BR,1BA | $1.66 |
| Gig Harbor Villa Apartments | Deluxe 2 bed 1 bath | 2BR,1BA | $1.69 |
| The Hideaway at University Place | 2 bedroom 1 bath | 2BR,1BA | $1.98 |
| Sunset View Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.99 |
| Fort Steilacoom Apartments | 1 Bedroom | 1BR,1BA | $1.87 |
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 ArticleThe 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.
Read ArticleCash 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.
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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See the most popular apartments and homes in Lakebay, WA
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 $1,150 to $3,860. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakebay ranging from $1,400 to $6,000.
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 $1,400 to $6,000 with an average monthly rent of $2,596.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!