Cheap Apartments for Rent in the Alderwood Heights Neighborhood of Lynnwood, WA from $1,200 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Alderwood Heights area of Lynnwood.

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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Duet Apartments
$1,623 - $2,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,623 - $2,100

Total Monthly Price
$1,623 - $2,100
1 to 2 Bedroom Apartments Available Now

Duet Apartments

4702 176th St SWLynnwood, WA 98037
Corporate Housing
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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.

property at 17314 44th Ave W

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

17314 44th Ave W

LynnwoodWA98037

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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Alderwood Park
1 to 2 Bedroom Apartments

Alderwood Park

18031 36th Ave WLynnwood, WA 98037
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Westwood Apartments
1 to 2 Bedroom Apartments

Westwood Apartments

17422-17432 52nd Ave WLynnwood, WA 98037
  • Utilities Included
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The Cedars
Studio to 2 Bedroom Apartments

The Cedars

4410 176th St SWLynnwood, WA 98037
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Camelot West
1 to 3 Bedroom Apartments

Camelot West

19412 40th Ave WLynnwood, WA 98036
  • Utilities Included

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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Elevate
1 to 3 Bedroom Apartments

Elevate

4800 168th St SWLynnwood, WA 98037
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Novela
1 to 3 Bedroom Apartments

Novela

16604 48th Ave WLynnwood, WA 98037

Alderwood Heights, Lynnwood, WA Local Guide

Cheapest Available Alderwood Heights Apartments for Rent

 

The cheapest available apartment rental in the Alderwood Heights area of Seattle, WA is a 1 Bed unit found at Alderwood Park priced from $1,415. City Center at Lynnwood has the second lowest priced unit, which is a Studio apartment currently listed from $1,486. Here are the most affordable Alderwood Heights apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Alderwood ParkA11BR,1BA$1,415
City Center at LynnwoodS3Studio,1BA$1,486
Alderwood Court Senior Affordable ApartmentsA31BR,1BA$1,499
Beaver Cove2 Bedroom 1 Bath 60% AMI2BR,1BA$1,499
Brittany Place1X1 Small 1st Floor - B1081BR,1BA$1,600
Duet Apartments1x1 B1BR,1BA$1,623
Alderwood Heights1X11BR,1BA$1,689
EnsoThe StonemountStudio,1BA$1,750
Lynnwood Garden Village2 Bed 1 Bath Second Level2BR,1BA$1,755
Avalon Alderwood PlaceS3-537sf-DIStudio,1BA$1,765

Best Value Apartments for Rent in Alderwood Heights, WA

As of May 31, 2026 the best value apartment in the Alderwood Heights area is the $2.19 price per square foot 3 Bed 2 Bath A Model at Elevate in the in the Meadowdale neighborhood starting from $2,550. The second greatest value Alderwood Heights apartment is the 2 Beds, 1 bath Model at Hillside Apartments starting at $1,995 with a $1.83 price per square foot in the Meadowdale neighborhood. Here is today’s list of the best values for Alderwood Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Elevate3 Bed 2 Bath A3BR,2BA$2.19
Hillside Apartments2 Beds, 1 bath2BR,1BA$1.83
NovelaBradbury3BR,2BA$2.29
Alderwood ParkB22BR,2BA$2.34
Beaver Cove2 Bedroom 1 Bath - Utilities Covered2BR,1BA$1.81
Lynnwood Garden Village2 Bed 1 Bath Second Level2BR,1BA$2.19
Duet Apartments1x1 B1BR,1BA$2.11
Alderwood Court Senior Affordable ApartmentsB22BR,1BA$2.86
Brittany Place1X1 Small 1st Floor - B1081BR,1BA$2.36
Alderwood Heights1X11BR,1BA$2.51

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
Alderwood Heights, Lynnwood, WA

Ranked #10

Among cities in Washington for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Alderwood Heights Apartments

What is a cheap apartment in Alderwood Heights?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Alderwood Heights is under $1,765.

What is the price of a cheap apartment in Alderwood Heights?

The cheapest apartment in Alderwood Heights is Alderwood Park which is listed at $1,415, while the average apartment in Alderwood Heights costs $3,690.

What types of apartments are the cheapest in Alderwood Heights?

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 36 regular apartments in Alderwood Heights 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 Alderwood Heights?

Cheap apartments in Alderwood Heights have an average cost of $819 which is $2,871 cheaper than the average rent for all rentals in Alderwood Heights.

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.

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