Cheap Apartments for Rent in the Madison Park Neighborhood of Seattle, WA from $500 (344 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Madison Park area of Seattle.

property at 5015 17th Ave NE

5015 17th Ave NE

SeattleWA98105

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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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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Arbora Court
$1,099 - $1,961Studio to 3 Bedroom Apartments Available Now

Arbora Court

4731 15th Ave NESeattle, WA 98105
  • Verified
  • Utilities Included

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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Madison Park, Seattle, WA Local Guide

Cheapest Available Madison Park Apartments for Rent

 

The cheapest available apartment rental in the Madison Park area of Seattle, WA is a Studio unit found at Sun Property priced from $683. Luna Mia Co-Living Studios has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Madison Park apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Sun PropertyFurnished dorm roomStudio,$683
Luna Mia Co-Living StudiosLease Today and Receive 6 Weeks Free! Classic a...Studio,$699
Sun lightMicro Studio STUDENT ONLYStudio,1BA$745
422 11th Ave - Amazing Studios!StudioStudio,1BA$750
Madison 2.0 Studios in Capitol Hill!MFTE- Income Specific UnitsStudio,1BA$795
Modern Cozy Studio Apartments in First HillStudioStudio,1BA$799
Hudson House0BD/0.5BA 171 sq ftStudio,$799
Lincoln CourtSStudio,1BA$825
Amherst Micro StudiosMicro StudioStudio,1BA$825
Husky Court Apartments0BR/1.0BAStudio,1BA$849

Best Value Apartments for Rent in Madison Park, WA

As of November 13, 2025 the best value apartment in the Madison Park area is the $0.58 price per square foot Pod Second Floor Model at 4538 18th Ave NE in the in the University District neighborhood starting from $875. The second greatest value Madison Park apartment is the 4x2 Model at Forde Apartments starting at $2,200 with a $1.54 price per square foot in the University District neighborhood. Here is today’s list of the best values for Madison Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4538 18th Ave NEPod Second Floor6BR,1.5BA$0.58
Forde Apartments4x24BR,2BA$1.54
Boylston Court1BD/1BA1BR,1BA$1.90
Parsonage4 Bedroom 14BR,2BA$1.14
Kelo2BR/1.0BA2BR,1BA$2.18
The Frederick Apartments2BR/1.0BA2BR,1BA$2.12
Bayview ApartmentsBAY - 1 bed, 1 bath, 675 SF1BR,1BA$2.11
Camden Apartments1BR/1.0BA1BR,1BA$2.25
Normandy1X11BR,1BA$2.21
Elizabeth James House1B1BR,1BA$2.08

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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Seattle Apartment Guide: Find Your Rental Near Tech Hubs like Amazon, Google, and Adobe

Cut down on your commute! Discover Seattle's top neighborhoods to rent near major employers like Amazon, Meta, and Fred Hutchinson. Find your ideal work-life balance in the Emerald City.

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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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Picking the Perfect Seattle Neighborhood for College Life

Learn About the Best Neighborhoods to Rent Near College Campuses in Seattle, WA | Find Seattle Off-Campus Student Housing at ApartmentHomeLiving.com

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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
Madison Park, Seattle, WA

Ranked #13

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

Our team of engineers and researchers is proud to bring you Lifestyle Ratings of rentals in cities and towns across the United States and customized analysis for Seattle, Washington. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and easy access to the parks, family-friendliness, raising pets, transit options, and more. These search options are in the site filters at the top of this page.

Getting Around the Madison Park Neighborhood in Seattle, WA

Walk Score®

79 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

31 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Madison Park Apartments

What is a cheap apartment in Madison Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Madison Park is under $849.

What is the price of a cheap apartment in Madison Park?

The cheapest apartment in Madison Park is Holiday Apartments which is listed at $883, while the average apartment in Madison Park costs $2,895.

What types of apartments are the cheapest in Madison Park?

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 289 regular apartments in Madison Park 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 Madison Park?

Cheap apartments in Madison Park have an average cost of $1,115 which is $1,780 cheaper than the average rent for all rentals in Madison Park.

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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The 10 Best Affordable Neighborhoods in Seattle, WA

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. My husband, two children, and I moved to West Seattle in 1995.

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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.