Low Income Apartments and Affordable Housing For Rent in Lacey, WA

Discover affordable housing in Lacey where there are 7+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Magnolia Villa

1410 Magnolia St SE, Lacey, Washington 98503

South Sound Villa Apartments

4101 Lacey Blvd SE, Lacey, Washington 98503

Forest Grove Apartments

5701 30th Ave SE, Lacey, Washington 98503

Martin Terrace

7917 Martin Way E., Lacey, Washington 98503

Reserve at Lacey

6110 Pacific Ave SE, Lacey, Washington 98503

College Glen Apartments

4870 55th Ln SE, Lacey, Washington 98503

Woodland Retirement

4532 Intelco Loop SE, Lacey, Washington 98503

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lacey, Washington
$34.13/hour
$17.85 (+110%) more than Washington minimum wage and $26.88 (+371%) more than the Federal minimum wage.
Learn More About Lacey, Washington Affordable Housing ↓

What HUD offices serve Lacey, Washington?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Section 8 Project-Based Voucher (PBV) programs for Lacey, Washington.

Go to the Washington Public Housing and Low-Income Apartments Waiting Lists page for openings near Lacey.

How many renters live in Lacey, Washington?

The City of Lacey has 56,263 people living in 22,256 households.

There are 21,278 renters living in 9,375 renter households in this City. Renters make up 37.82 percent of the population living in Lacey.

What is the rental market like in Lacey, Washington?

There are an estimated 23,245 housing units in the Lacey area. Of these, 9,863 units are rental homes, making up 42 percent of the housing market. For every renter household in Lacey, Washington, there are 1 rental units.

What is the vacancy rate for rentals in Lacey?

The rental vacancy rate in Lacey is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Lacey for each bedroom size?

Occupied Rental Units by Size in Lacey
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
288 2,041 4,033 2,180 798
Occupied Rental Units by Size in Lacey

A large number of apartments in Lacey have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Lacey are overburdened by housing costs?

Among renter households in this market, 56 percent have housing cost burden. Further, 27 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Lacey

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,341 to $3,058. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,341
One BR $1,554
Two BR $1,802
Three BR $2,531
Four BR $3,058
2024 Fair Market Rents in Lacey, Washington

How many units are rented at Fair Market Rent (FMR) in Lacey?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 33 11 percent
One BR 1,417 69 percent
Two BR 1,881 47 percent
Rental Units Below FMR in Lacey, Washington

How many affordable rental units are in Lacey?

There are a variety of federal affordable housing programs serving households in Lacey, Washington including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 535
Section 8 Project-Based Rental Assistance 92
Tracked Units by Federal Program in Lacey, Washington

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Lacey, Washington

Lacey features 91 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Lacey, Washington

There are 671 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lacey.

Housing Choice Vouchers in Lacey, Washington

On average, Section 8 Housing Choice vouchers pay Lacey landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Lacey.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lacey, Washington for a two-bedroom apartment is between $1,622 and $1,982.

Sourced from federal housing data and AffordableHousingOnline.com research.