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.

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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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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
$1,369 - $2,784
Total Monthly Price

Total Monthly Price

Base Rent
$1,369 - $2,784
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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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 $1,067. Traditions at Federal Way Senior Living has the second lowest priced unit, which is a Studio apartment currently listed from $1,075. Here are the most affordable Madrona apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Meridian Court Senior Affordable ApartmentsA031BR,1BA$1,067
Traditions at Federal Way Senior LivingStudio - SpruceStudio,1BA$1,075
TerraStudioStudio,1BA$1,364
The FairwaysA31BR,1BA$1,369
Sunset Three TwentyA1: 1 Bed 1 Bath1BR,1BA$1,378
Park at Dashpoint ApartmentsJuniper 1x11BR,1BA$1,425
The CommonsOne Bedroom1BR,1BA$1,476
ReNew Dash PointA21BR,1BA$1,499
Arbor Woods Apartments1BR/1.0BA1BR,1BA$1,499
Pacific Heights254 1X1 B1BR,1BA$1,525

Best Value Apartments for Rent in Madrona, WA

As of June 04, 2026 the best value apartment in the Madrona area is the $2.01 price per square foot C1 Model at Glen Park At West Campus in the in the West Campus neighborhood starting from $2,607. The second greatest value Madrona apartment is the Barcelona Model at Kitts Corner starting at $2,051 with a $1.84 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.
Glen Park At West CampusC13BR,2.5BA$2.01
Kitts CornerBarcelona2BR,2BA$1.84
CrosspointeTwo Bedroom One Bath2BR,1BA$2.12
Uptown SquareArmstrong1BR,1BA$1.92
Sunset Three TwentyB1: 2 Bed 1 Bath2BR,1BA$2.10
Panther Lake ApartmentsTwo Bedroom Junior2BR,1BA$2.03
Pacific Heights254 1X1 B1BR,1BA$2.03
Campus View1L1BR,1BA$2.07
The CommonsOne Bedroom1BR,1BA$2.11
Meridian Court Senior Affordable ApartmentsA071BR,1BA$2.13

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
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 $1,525.

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 $1,067, while the average apartment in Madrona costs $2,538.

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 $775 which is $1,763 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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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.