Cheap Apartments for Rent in the Madrona Neighborhood of Federal Way, WA from $800 (12 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 $1,227. Arbor Woods Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,325. Here are the most affordable Madrona apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Meridian Court Senior Affordable ApartmentsA031BR,1BA$1,227
Arbor Woods ApartmentsClassic 1 Bedroom1BR,1BA$1,325
Panther Lake ApartmentsOne Bedroom Flat1BR,1BA$1,495
Cedar Gardens Apartments1BR/1.0BA1BR,1BA$1,525
Pacific Heights254 1X1 T1BR,1BA$1,525

Best Value Apartments for Rent in Madrona, WA

As of June 20, 2025 the best value apartment in the Madrona area is the $2.05 price per square foot Collingwood Model at Arcadia Townhomes in the in the Alderbrook neighborhood starting from $2,450. The second greatest value Madrona apartment is the C1 Model at ReNew Dash Point starting at $2,015 with a $1.83 price per square foot in the Redondo 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.
Arcadia TownhomesCollingwood2BR,2.5BA$2.05
ReNew Dash PointC13BR,1BA$1.83
PavilionSalerno2BR,2BA$1.85
Campus ViewTH22BR,1.5BA$1.83
CrosspointeTwo Bedroom One Bath2BR,1BA$1.99
Greystone Meadows2x12BR,1BA$2.06
Kitts CornerAthens1BR,1BA$1.93
Uptown SquareBolden1BR,1BA$1.95
Pacific Heights254 1X1 M1BR,1BA$2.03
Panther Lake ApartmentsOne Bedroom Flat1BR,1BA$2.14

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Pet Friendly Lifestyle
Madrona, Federal Way, WA

Ranked #2

Among neighborhoods in Federal Way, WA 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 $1,227, while the average apartment in Madrona costs $2,958.

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 73 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 $1,000 which is $1,958 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.