Cheap Apartments for Rent in the Balboa Neighborhood of Spokane, WA from $600 (56 Rentals)

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

property at 6532 N Drumheller St

$595 - $650

Total Monthly Price

Total Monthly Price

Base Rent
$595 - $650
Total Monthly Price
$595 - $650

1 Bedroom, 1 Bath Home for Rent

Available Now

6532 N Drumheller St

SpokaneWA99208

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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
  • Utilities Included
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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

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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Greenwood Apartments
Studio to 2 Bedroom Apartments

Greenwood Apartments

7001-7025 N Atlantic StSpokane, WA 99208
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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

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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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 2 Beds unit found at Serrano Apartments priced from $1,025. Cedar Meadows has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,045. Here are the most affordable Balboa apartments for rent in Spokane, WA:

Apartment ListingModel NameBed/BathPriced From
Serrano ApartmentsCayenne2BR,1BA$1,025
Cedar Meadows2 Bedroom 1 Bath2BR,1BA$1,045
Colfax Sandhill ApartmentsColfax- 1 bedroom1BR,1BA$1,050
Woodstone Communities1 Bedroom1BR,1BA$1,060
Mayfair CourtMayfair Court 1 Bedroom1BR,1BA$1,085
North Hill MillenniumStudioStudio,1BA$1,090
Forest Park Court1 bed 1 Bath1BR,1BA$1,100
Cedar Forest Estates2 Bedroom 1 Bath2BR,1BA$1,110
Vintage at Spokane2 Bedroom 1 Bath B | Age 55+2BR,1BA$1,179
The GroveAster W/D1BR,1BA$1,199

Best Value Apartments for Rent in Balboa, WA

As of August 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 2 Bed/2 Bath Townhome Model at Cedar Crossing Apartments starting at $1,550 with a $1.41 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
Cedar Crossing Apartments2 Bed/2 Bath Townhome2BR,2BA$1.41
Castlegate ApartmentsClassic2BR,2BA$1.28
The LusitanoUmbroso2BR,2BA$1.48
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$1.39
Cedar Meadows2 Bedroom 1 Bath2BR,1BA$1.22
Serrano ApartmentsTabasco2BR,1BA$1.33

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 #36

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 $1,050 at Colfax Sandhill 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 $1,025 at Serrano Apartments.

What is the most affordable Balboa Three Bedroom Apartment?

The best deal on a cheap Balboa Three Bedroom Apartment rental is at Northridge Court and starts from $1,550.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.