Cheap Apartments for Rent in the Madrona Neighborhood of Federal Way, WA from $900 (16 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Terra
Studio to 2 Bedroom Apartments

Terra

2111 SW 352nd StFederal Way, WA 98023

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Showing Results 1-16, 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 Terra priced from $1,196. Meridian Court Senior Affordable Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Madrona apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Terra1x11BR,1BA$1,196
Meridian Court Senior Affordable ApartmentsA031BR,1BA$1,250
ReNew Dash PointA11BR,1BA$1,284
Cove EastOak2BR,1BA$1,285
Maplewood1B 1B1BR,1BA$1,300

Best Value Apartments for Rent in Madrona, WA

As of January 19, 2026 the best value apartment in the Madrona area is the $1.96 price per square foot C1 Model at Glen Park At West Campus in the in the West Campus neighborhood starting from $2,532. The second greatest value Madrona apartment is the 3x2 Upper Floor Premium Model at Enchanted Woods starting at $1,975 with a $1.53 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.
Glen Park At West CampusC13BR,2.5BA$1.96
Enchanted Woods3x2 Upper Floor Premium3BR,2BA$1.53
Pacific Heights254 2X2 M2BR,2BA$1.62
Uptown SquareArmstrong1BR,1BA$1.76
Park at Dashpoint ApartmentsSierra 2x12BR,1BA$1.91
Terra2x12BR,1BA$1.74
Kitts CornerAthens1BR,1BA$1.93
Cove EastOak2BR,1BA$1.61
Park 16Hummingbird1BR,1BA$2.04
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 #2

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 Terra which is listed at $1,196, while the average apartment in Madrona costs $2,673.

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 56 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 $1,026 which is $1,647 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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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!