Cheap Apartments for Rent in the Madrona Neighborhood of Federal Way, WA from $900 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Madrona area of Federal Way.

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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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Terra
Studio to 2 Bedroom Apartments

Terra

2111 SW 352nd StFederal Way, WA 98023

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The Commons
1 to 2 Bedroom Apartments

The Commons

190 S 334 StFederal Way, WA 98003
Showing Results 1-13, Page 1 of 1

Madrona, Federal Way, WA Local Guide

Cheapest Available Madrona Apartments for Rent

 

The cheapest available apartment rental in the Madrona area of Federal Way, WA is a Studio unit found at Traditions at Federal Way Senior Living priced from $999. Meridian Court Senior Affordable Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here are the most affordable Madrona apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Traditions at Federal Way Senior LivingStudioStudio,1BA$999
Meridian Court Senior Affordable ApartmentsA061BR,1BA$1,199
Terra1x11BR,1BA$1,248
Cove EastOak2BR,1BA$1,285
Park 16Hummingbird1BR,1BA$1,333

Best Value Apartments for Rent in Madrona, WA

As of December 04, 2025 the best value apartment in the Madrona area is the $1.59 price per square foot London Model at Kitts Corner in the in the West Campus neighborhood starting from $2,180. The second greatest value Madrona apartment is the 3x2 Middle Floor Premium Model at Enchanted Woods starting at $2,149 with a $1.76 price per square foot in the Jovita neighborhood. Here is today’s list of the best values for Madrona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Kitts CornerLondon4BR,2BA$1.59
Enchanted Woods3x2 Middle Floor Premium3BR,2BA$1.76
Pacific Heights254 3X2 T3BR,2BA$1.67
Uptown SquareBolden1BR,1BA$1.95
Cove EastOak2BR,1BA$1.61
Campus View1L1BR,1BA$2.07
Encore Apartment Homes1x1 A1BR,1BA$2.04
The CommonsOne Bedroom1BR,1BA$2.04
Terra1x11BR,1BA$1.79
Park 16Hummingbird1BR,1BA$2.04

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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Quick Rent Budget Calculator

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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
Madrona, Federal Way, WA

Ranked #3

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Washington and customized analysis for Central Federal Way. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Madrona Apartments

What is a cheap apartment in Madrona?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Madrona is under $1,500.

What is the price of a cheap apartment in Madrona?

The cheapest apartment in Madrona is Meridian Court Senior Affordable Apartments which is listed at $1,199, while the average apartment in Madrona costs $2,668.

What types of apartments are the cheapest in Madrona?

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 70 regular apartments in Madrona 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 Madrona?

Cheap apartments in Madrona have an average cost of $1,023 which is $1,645 cheaper than the average rent for all rentals in Madrona.

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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.