Cheap Homes for Rent in Lakebay, WA from $1,400 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes 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.

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.

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

Best Value Apartments for Rent in Lakebay, WA and Nearby

As of June 09, 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

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Lakebay

What type of rentals are currently available in Lakebay?

There are currently 38 Apartments for Rent in Lakebay, WA with pricing that ranges from $1,100 to $4,135. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakebay ranging from $1,400 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 $1,400 to $4,500 with an average monthly rent of $2,633.

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.