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

Discover affordable housing in Lacey where there are 30+ 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.

6508 Carolina St SE

6508 Carolina St SE, Lacey, Washington 98513

bed 3
payment $2445/mo.

6824 Oleander Ave NE

6824 Oleander Ave NE, Lacey, Washington 98516

bed 4
payment $2750/mo.

6317 Barstow Ln SE

6317 Barstow Ln SE, Lacey, Washington 98513

bed 2
payment $1700/mo.

4319 Savannah Lp NE

4319 Savannah Lp NE, Lacey, Washington 98516

bed 4
payment $2850/mo.

4319 Savannah Loop NE

4319 Savannah Loop NE, Lacey, Washington 98516

bed 4
payment $2850/mo.

4814 43rd Ln SE

4814 43rd Ln SE, Lacey, Washington 98503

bed 3
payment $2350/mo.

Martin Terrace

7917 Martin Way E., Lacey, Washington 98503

bed 1-2

College Glen Apartments

4870 55th Ln SE, Lacey, Washington 98503

bed 2-3
payment $828-1479/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Reserve at Lacey

6110 Pacific Ave SE, Lacey, Washington 98503

bed Studio-2
switch_access_shortcut Short Wait
accessibility Accessible

Woodland Retirement

4532 Intelco Loop SE, Lacey, Washington 98503

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Lacey, Washington

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
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 people living in households.

There are renters living in 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 housing units in the Lacey area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lacey, Washington, there are 1.05 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 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
Section 8 Project-Based Rental Assistance
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.

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