
Cheap Apartments for Rent near Alderwood Manor, WA from $1,250 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Alderwood Manor.


Alderwood Court Senior Affordable Apartments

Reserve at Lynnwood 55+ Affordable Living

Beaver Creek

City Center at Lynnwood

The Encore

Terrace Heights

Ember Apartments

Twin Firs Condominiums
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Scriber Creek Apartments

Total Monthly Price
Duet Apartments

Brittany Place

Bell Alderwood

Alderwood Heights

Total Monthly Price
Destinations Lynnwood 61+ Active Adult Apartment Homes

Beaver Cove

Enso

Lynnwood Garden Village
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Kinect @ Lynnwood

Total Monthly Price
COLLINS JUNCTION

Total Monthly Price
Aspire Apartments at Mountlake Terrace

Avalon Alderwood Place

Total Monthly Price
Nickel Creek

Northern Lights

The Woods at Alderwood

MOTIF

Cypress Heights Townhomes
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Hillside Apartments

Nantucket Garden

3328 165th Pl SW

4821 180th St SW

916 207th Pl SE

16419 Spruce Way

1624 201st Pl SE

18530 52nd Ave W

2720 204th St SW
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.
Alderwood Manor, WA Local Guide

How much does it cost to rent an apartment in Alderwood Manor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alderwood Manor Studio Apartments | $1,709 | $1,450 | $2,000 |
| Alderwood Manor 1 Bedroom Apartments | $2,055 | $1,250 | $3,012 |
| Alderwood Manor 2 Bedroom Apartments | $2,658 | $1,599 | $3,500 |
| Alderwood Manor 3 Bedroom Apartments | $3,221 | $1,928 | $4,285 |
| Alderwood Manor 4 Bedroom Apartments | $2,326 | $2,209 | $2,443 |
Browse Top Apartments in Alderwood Manor
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Alderwood Manor, WA Local Guide
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Cheapest Available Alderwood Manor Apartments for Rent and Nearby
 The cheapest available apartment rental in Alderwood Manor, WA is a 1 Bed unit found at Alderwood Court Senior Affordable Apartments in the North Terrace neighborhood priced from $1,250. Reserve at Lynnwood 55+ Affordable Living in the Seattle Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,399. Here is today’s list of the most affordable Alderwood Manor apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Alderwood Court Senior Affordable Apartments | A4 | 1BR,1BA | $1,250 |
| Reserve at Lynnwood 55+ Affordable Living | 1 Bed 1 Bath A4 | 1BR,1BA | $1,399 |
| Koz on Alderwood Mall Blvd | Type G | Studio,1BA | $1,450 |
| Terrace Heights | 1x1 | 1BR,1BA | $1,500 |
| Ember Apartments | Studio | Studio,1BA | $1,550 |
| City Center at Lynnwood | S1 | Studio,1BA | $1,562 |
| Scriber Creek Apartments | Rose | 1BR,1BA | $1,582 |
| Brittany Place | 1X1 Small 1st Floor - B108 | 1BR,1BA | $1,600 |
| Bell Alderwood | S1B | Studio,1BA | $1,630 |
| Beaver Creek | 2 Bedroom 1 Bath 50% AMI | 2BR,1BA | $1,676 |
Best Value Apartments for Rent in Alderwood Manor, WA and Nearby
As of August 22, 2026 the best value apartment in the Alderwood Manor area is the $1.83 price per square foot 2 Beds, 1 bath Model at Hillside Apartments in the in the Meadowdale neighborhood starting from $1,995. The second greatest value Alderwood Manor apartment is the Two Bedroom Model at Cypress Heights Townhomes starting at $1,950 with a $1.96 price per square foot in the Lake Pleasant neighborhood. Here is today’s list of the best values for Alderwood Manor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hillside Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.83 |
| Cypress Heights Townhomes | Two Bedroom | 2BR,1.5BA | $1.96 |
| The Encore | 2x2 (955 sq ft) | 2BR,2BA | $2.25 |
| Beaver Creek | 2 Bedroom 1 Bath 60% AMI | 2BR,1BA | $2.22 |
| Northern Lights | 2 bedroom - renovated | 2BR,1BA | $2.41 |
| Beaver Cove | 2 Bedroom 1 Bath | 2BR,1BA | $2.22 |
| MOTIF | One Bedroom and One Bath | 1BR,1BA | $2.40 |
| Scriber Creek Apartments | Rose | 1BR,1BA | $2.25 |
| Terrace Heights | 1x1 w/Garage | 1BR,1BA | $2.26 |
| Brittany Place | 1X1 Small 1st Floor - B108 | 1BR,1BA | $2.36 |
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!
Explore Alderwood Manor, WA Rentals by Map
See the most popular apartments and homes in Alderwood Manor, WA
Frequently Asked Questions about Cheap Alderwood Manor Apartments
What is the Cheapest Studio apartment in Alderwood Manor?
Currently the most affordable Cheap Studio Apartment in Alderwood Manor is at Koz on Alderwood Mall Blvd listed at $1,450.
How much is rent for a Cheap One Bedroom Alderwood Manor Apartment?
The lowest price for a Cheap One Bedroom Alderwood Manor Apartment is $1,250 at Alderwood Court Senior Affordable Apartments.
What is the lowest price for a Cheap Two Bedroom Alderwood Manor Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Alderwood Manor is starting from $1,599 at Alderwood Court Senior Affordable Apartments.
What is the most affordable Alderwood Manor Three Bedroom Apartment?
The best deal on a cheap Alderwood Manor Three Bedroom Apartment rental is at COLLINS JUNCTION and starts from $2,871.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.