Cheap Apartments for Rent in the Riverwalk Neighborhood of Auburn, WA from $1,000 (9 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riverwalk area of Auburn.

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.

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Homestead South
Studio to 1 Bedroom Apartments

Homestead South

1501 31st St SEAuburn, WA 98002
  • Utilities Included

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.

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O St Apartments
2 Bedroom Apartments

O St Apartments

2952 O St SEAuburn, WA 98002

Riverwalk, Auburn, WA Local Guide

Cheapest Available Riverwalk Apartments for Rent

 

The cheapest available apartment rental in the Riverwalk area of Auburn, WA is a Studio unit found at Estates at Hillside Gardens Affordable Senior Community priced from $1,099. Reserve at Auburn for 55+ Active Seniors has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,199. Here are the most affordable Riverwalk apartments for rent in Auburn, WA:

Apartment ListingModel NameBed/BathPriced From
Estates at Hillside Gardens Affordable Senior CommunityStudio 1 Bath S1Studio,1BA$1,099
Reserve at Auburn for 55+ Active SeniorsRiverpoint B12BR,1BA$1,199
Windsor Park ApartmentsThe CarlisleStudio,1BA$1,225

Best Value Apartments for Rent in Riverwalk, WA

As of June 22, 2026 the best value apartment in the Riverwalk area is the $1.67 price per square foot Upper Rambler Model at Noble Court Estates in the in the East Auburn neighborhood starting from $2,000. The second greatest value Riverwalk apartment is the 2BR/1.0BA Model at O St Apartments starting at $1,375 with a $1.31 price per square foot in the East Auburn neighborhood. Here is today’s list of the best values for Riverwalk apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Noble Court EstatesUpper Rambler2BR,2BA$1.67
O St Apartments2BR/1.0BA2BR,1BA$1.31
Mill Pond ApartmentsTwo Bedroom2BR,2BA$1.80
Estates at Hillside Gardens Affordable Senior Community2 Bed 1 Bath B32BR,1BA$2.45
ReNew Lea HillAsh1BR,1BA$2.33
Legacy Plaza Senior Living1 Bedroom1BR,1BA$2.46
Clearwater Ridge Apartments1BR/1.0BA1BR,1BA$2.30
The Gardens Apartments1BR/1.0BA1BR,1BA$2.29
Sherwood Gardens1 Bed, 1.00 Bath1BR,1BA$2.64
Windsor Park ApartmentsThe CarlisleStudio ,1BA$2.72

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.

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Real 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.

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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.

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Pet Friendly Lifestyle
Riverwalk, Auburn, WA

Ranked #1

Among cities in Washington for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Riverwalk Apartments

What is a cheap apartment in Riverwalk?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverwalk is under $1,550.

What is the price of a cheap apartment in Riverwalk?

The cheapest apartment in Riverwalk is Estates at Hillside Gardens Affordable Senior Community which is listed at $1,269, while the average apartment in Riverwalk costs $2,181.

What types of apartments are the cheapest in Riverwalk?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 35 regular apartments in Riverwalk that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Riverwalk?

Cheap apartments in Riverwalk have an average cost of $691 which is $1,490 cheaper than the average rent for all rentals in Riverwalk.

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

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.