Cheap Apartments for Rent in the Madrona Neighborhood of Federal Way, WA from $960 (41 Rentals)

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

Seattle's Best Affordable Neighborhoods

Learn about Seattle, WA and the best places to live with original content written by our Local Expert Sharon Stallings

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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
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Encore
1 to 3 Bedroom Apartments

Encore

125 SW Campus DrFederal Way, WA 98023
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Align Apartments
2 to 3 Bedroom Apartments

Align Apartments

35434-35434 25th Ave SWFederal Way, WA 98023
Corporate Housing

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.

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The Fairways
Rent Specials
$1,450 - $2,314

Total Monthly Price

Base Rent$1,450 - $2,314
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Fairways

4901 Fairwood Blvd NETacoma, WA 98422
Corporate Housing
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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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Showing Results 1-41, 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 1 Bed unit found at Meridian Court Senior Affordable Apartments priced from $999. Maplewood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here are the most affordable Madrona apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Meridian Court Senior Affordable ApartmentsA031BR,1BA$999
Maplewood1B 1B1BR,1BA$1,300
TerraStudioStudio,1BA$1,300
Traditions at Federal Way Senior LivingStudio - SpruceStudio,1BA$1,389
Glen Park At West CampusA11BR,1BA$1,395
Sunset Three TwentyA1: 1 Bed 1 Bath1BR,1BA$1,413
The FairwaysA31BR,1BA$1,450
Panther Lake ApartmentsOne Bedroom Loft1BR,1BA$1,450
Enchanted Woods1x1 Premium1BR,1BA$1,450
Campus View1F1BR,1BA$1,450

Best Value Apartments for Rent in Madrona, WA

As of September 07, 2026 the best value apartment in the Madrona area is the $1.79 price per square foot London Model at Kitts Corner in the in the West Campus neighborhood starting from $2,450. The second greatest value Madrona apartment is the 254 2X2 T Model at Pacific Heights starting at $1,785 with a $1.62 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$1.79
Pacific Heights254 2X2 T2BR,2BA$1.62
32131 46th Pl SW, Unit N132131 46th Pl SW3BR,1.5BA$2.15
Sunset Three TwentyB2: 2 Bed 2 Bath2BR,2BA$2.09
Norpoint Landing Apartments2 Bedroom 2 Bathroom2BR,2BA$2.14
Align ApartmentsResidence 12BR,1BA$1.94
Cedar Gardens Apartments2BR/1.0BA2BR,1BA$2.10
Glen Park At West CampusA11BR,1BA$1.72
Campus View2JR2BR,1BA$2.06
Maplewood1B 1B1BR,1BA$2.01

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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
Madrona, Federal Way, WA

Ranked #4

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 $1,450.

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 $999, while the average apartment in Madrona costs $1,849.

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 32 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 $756 which is $1,093 cheaper than the average rent for all rentals in Madrona.

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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.

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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.