Cheap Apartments for Rent in the Balboa Neighborhood of Spokane, WA from $600 (69 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

$597 - $800

Total Monthly Price

Total Monthly Price

Base Rent
$597 - $800
Total Monthly Price
$597 - $800

1 Bedroom, 3.5 Bath Home for Rent

Available Now

6532 N Drumheller St

SpokaneWA99208
property at 6215 N Cedar St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Now

6215 N Cedar St

SpokaneWA99205

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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GoGo Heights
Rent Specials
$1,250 - $1,699
Total Monthly Price

Total Monthly Price

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$1,250 - $1,699
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2 to 3 Bedroom Apartments Available Now

GoGo Heights

7002 N Colton StSpokane, WA 99208
Cost Per Sq.Ft.
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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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Jake at Indian Trail
Rent Specials
$1,361 - $1,911
Total Monthly Price

Total Monthly Price

Base Rent
$1,361 - $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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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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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
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Greenwood Apartments
Studio to 2 Bedroom Apartments

Greenwood Apartments

7001-7025 N Atlantic StSpokane, WA 99208

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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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 Studio unit found at Forest Park Court priced from $900. Serrano Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Balboa apartments for rent in Spokane, WA:

Apartment ListingModel NameBed/BathPriced From
Forest Park CourtStudioStudio,1BA$900
Serrano ApartmentsJalapeno1BR,1BA$950
Colfax Sandhill ApartmentsColfax- 1 bedroom1BR,1BA$1,000
Rosewood Club1BR/1.0BA1BR,1BA$1,040
Cedar Meadows2 Bedroom 1 Bath2BR,1BA$1,045
Woodstone Communities1 Bedroom1BR,1BA$1,050
Mayfair CourtMayfair Court 1 Bedroom1BR,1BA$1,085
North Hill MillenniumStudioStudio,1BA$1,090
Forest Park1 Bed 1 Bath1BR,1BA$1,100
Brentwood Gardens Apartments1BR/1.0BA1BR,1BA$1,100

Best Value Apartments for Rent in Balboa, WA

As of June 22, 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 Raz Model at Cedar Forest Estates starting at $1,310 with a $1.06 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 Forest EstatesRaz2BR,2BA$1.06
The GroveBegonia w/washer-dryer3BR,1.5BA$1.36
GoGo Heights2x2A2BR,2BA$1.36
Mayfair Apartments2 Bedrooms 2 Bathrooms2BR,2BA$1.38
Mayfair CourtMayfair Court 2 bedroom2BR,1.5BA$1.22
Cedar Meadows2 Bedroom 1 Bath2BR,1BA$1.22
Brentwood Gardens Apartments1BR/1.0BA1BR,1BA$1.38
Colfax Sandhill ApartmentsColfax- 1 bedroom1BR,1BA$1.31
Serrano ApartmentsJalapeno1BR,1BA$1.40

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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Pet Friendly Lifestyle
Balboa, Spokane, WA

Ranked #37

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 a cheap apartment in Balboa?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Balboa is under $1,100.

What is the price of a cheap apartment in Balboa?

The cheapest apartment in Balboa is Serrano Apartments which is listed at $950, while the average apartment in Balboa costs $2,631.

What types of apartments are the cheapest in Balboa?

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 6 regular apartments in Balboa 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 Balboa?

Cheap apartments in Balboa have an average cost of $139 which is $2,492 cheaper than the average rent for all rentals in Balboa.

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

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.