Cheap Apartments for Rent in the Madrona Neighborhood of Federal Way, WA from $900 (38 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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Align Apartments
2 to 3 Bedroom Apartments

Align Apartments

35434-35434 25th Ave SWFederal Way, WA 98023
Corporate Housing
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The Fairways
Rent Specials
$1,651 - $2,606
Total Monthly Price

Total Monthly Price

Base Rent
$1,651 - $2,606
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Fairways

4901 Fairwood Blvd NETacoma, WA 98422
Corporate Housing
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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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Showing Results 1-38, 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 $1,250. 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 ApartmentsA061BR,1BA$1,250
Maplewood1B 1B1BR,1BA$1,300
TerraStudio1BR,1BA$1,300
Traditions at Federal Way Senior LivingStudio - SpruceStudio,1BA$1,389
Pacific Heights254 1X1 B1BR,1BA$1,399
Sunset Three TwentyA1: 1 Bed 1 Bath1BR,1BA$1,418
Panther Lake ApartmentsOne Bedroom Loft1BR,1BA$1,450
Enchanted Woods1x1 Premium1BR,1BA$1,495
Park at Dashpoint ApartmentsCedar 1x11BR,1BA$1,500
ReNew Dash PointA21BR,1BA$1,509

Best Value Apartments for Rent in Madrona, WA

As of July 22, 2026 the best value apartment in the Madrona area is the $1.88 price per square foot Residence 3 Model at Align Apartments in the in the New Tacoma neighborhood starting from $2,199. The second greatest value Madrona apartment is the B1 Model at Glen Park At West Campus starting at $1,848 with a $1.74 price per square foot in the West Campus 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.
Align ApartmentsResidence 33BR,2BA$1.88
Glen Park At West CampusB12BR,1.5BA$1.74
CrosspointeTwo Bedroom One Bath2BR,1BA$1.99
Uptown SquareArmstrong1BR,1BA$1.83
The Norpoint 8 Apartments2BR/1.0BA2BR,1BA$2.06
Maplewood2B 1B2BR,1BA$2.01
Park at Dashpoint ApartmentsCedar 1x11BR,1BA$1.97
Campus View1L1BR,1BA$2.07
Pacific Heights254 1X1 T1BR,1BA$2.03
Sunset Three TwentyA1: 1 Bed 1 Bath1BR,1BA$1.86

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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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 the price of a cheap apartment in Madrona?

The cheapest apartment in Madrona is Meridian Court Senior Affordable Apartments which is listed at $1,250, while the average apartment in Madrona costs $2,450.

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 42 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 $902 which is $1,548 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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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.

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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.

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

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.