Cheap Apartments for Rent in the Balboa Neighborhood of Spokane, WA from $600 (61 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Balboa area of Spokane.

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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Jake at Indian Trail
Rent Specials
$1,376 - $1,911
Total Monthly Price

Total Monthly Price

Base Rent
$1,376 - $1,911
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Jake at Indian Trail

8808 N Indian Trail RdSpokane, WA 99208
Luxury
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  • 3D Tour

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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Lilac Plaza Retirement Home
Studio to 1 Bedroom Apartments

Lilac Plaza Retirement Home

7007 N Wiscomb StSpokane, WA 99208
Senior Living
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Pine Villa
1 to 3 Bedroom Apartments

Pine Villa

33 E Graves RdSpokane, WA 99218
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Wedgewood Park
1 to 3 Bedroom Apartments

Wedgewood Park

212 E Wedgewood AveSpokane, WA 99208
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Stonegate Apartments
1 to 2 Bedroom Apartments

Stonegate Apartments

6121-6123 N Lidgerwood StSpokane, WA 99208
  • 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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Greenwood Apartments
Studio to 2 Bedroom Apartments

Greenwood Apartments

7001-7025 N Atlantic StSpokane, WA 99208
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Forest Park Court
Studio to 2 Bedroom Apartments

Forest Park Court

8805 N Colton StSpokane, WA 99218
  • Utilities Included
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Astor Community
Studio to 2 Bedroom Apartments

Astor Community

6020 N Astor StSpokane, WA 99208
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Alexan Court
1 to 2 Bedroom Apartments

Alexan Court

6120 N Lidgerwood StSpokane, WA 99208
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Country Homes Court
1 to 2 Bedroom Apartments

Country Homes Court

508 W Shasta WaySpokane, WA 99208
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Singletree Apartments
1 Bedroom Apartments

Singletree Apartments

6211 N Lidgerwood StSpokane, WA 99208
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Colton Apartments
1 to 2 Bedroom Apartments

Colton Apartments

6120 N Colton StSpokane, WA 99208
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Balboa, Spokane, WA Local Guide

Cheapest Available Balboa Apartments for Rent

 

The cheapest available apartment rental in the Balboa area of Spokane, WA is a 1 Bed unit found at Brentwood Gardens Apartments priced from $1,000. Colfax Sandhill Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Balboa apartments for rent in Spokane, WA:

Apartment ListingModel NameBed/BathPriced From
Brentwood Gardens Apartments1BR/1.0BA1BR,1BA$1,000
Colfax Sandhill ApartmentsColfax- 1 bedroom1BR,1BA$1,000
Rosewood Club1BR/1.0BA1BR,1BA$1,040
Cedar Meadows2 Bedroom 1 Bath2BR,1BA$1,045
Serrano ApartmentsCayenne2BR,1BA$1,045
Woodstone Communities1 Bedroom1BR,1BA$1,050
The GroveAster1BR,1BA$1,075
Mayfair CourtMayfair Court 1 Bedroom1BR,1BA$1,085
North Hill MillenniumStudioStudio,1BA$1,090

Best Value Apartments for Rent in Balboa, WA

As of May 08, 2026 the best value apartment in the Balboa area is the $1.23 price per square foot 3 bed 2 bath Model at Northridge Court in the in the Balboa neighborhood starting from $1,550. The second greatest value Balboa apartment is the Pequin Model at Serrano Apartments starting at $1,385 with a $1.40 price per square foot in the Balboa neighborhood. Here is today’s list of the best values for Balboa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Northridge Court3 bed 2 bath3BR,2BA$1.23
Serrano ApartmentsPequin3BR,1.5BA$1.40
Mayfair CourtMayfair Court 2 bedroom2BR,1.5BA$1.22
Cedar Forest Estates2 Bedroom 1 Bath2BR,1BA$1.23
Cedar Flats1 Bed1BR,1BA$1.46
Forest Park2 bed 1 bath2BR,1BA$1.44
Cedar Meadows2 Bedroom 1 Bath2BR,1BA$1.22
628 W Cleveland Ave, Unit #2628 W Cleveland AveStudio ,1BA$1.25
Colfax Sandhill ApartmentsColfax- 1 bedroom1BR,1BA$1.31
Brentwood Gardens Apartments1BR/1.0BA1BR,1BA$1.34

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
Balboa, Spokane, WA

Ranked #41

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Balboa, Spokane, WA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Central Spokane, WA. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Balboa Apartments

What is the Cheapest Studio apartment in Balboa?

Currently the most affordable Cheap Studio Apartment in Balboa is at North Hill Millennium listed at $1,090.

How much is rent for a Cheap One Bedroom Balboa Apartment?

The lowest price for a Cheap One Bedroom Balboa Apartment is $1,000 at Brentwood Gardens Apartments.

What is the lowest price for a Cheap Two Bedroom Balboa Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Balboa is starting from $1,045 at Cedar Meadows.

What is the most affordable Balboa Three Bedroom Apartment?

The best deal on a cheap Balboa Three Bedroom Apartment rental is at Serrano Apartments and starts from $1,385.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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

Written by: Lauren Harrington

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

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.