Cheap Homes for Rent in the Balboa Neighborhood of Spokane, WA from $500 (11 Rentals)

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

property at 6532 N Drumheller St

$596

Total Monthly Price

Total Monthly Price

Base Rent
$596

Total Monthly Price
$596

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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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 Rosewood Club priced from $1,040. 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
Rosewood Club1/2 Month Free & Free Carport!!1BR,1BA$1,040
Cedar Meadows2 Bedroom 1 Bath2BR,1BA$1,045
Serrano ApartmentsCayenne2BR,1BA$1,045
Colfax Sandhill ApartmentsColfax- 1 bedroom1BR,1BA$1,050
Forest Park Court1 bed 1 Bath1BR,1BA$1,050

Best Value Apartments for Rent in Balboa, WA

As of July 24, 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 3x2 Model at GoGo Heights starting at $1,699 with a $1.36 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
GoGo Heights3x23BR,2BA$1.36
Cedar Crossing Apartments3 Bed/2 Bath Townhome3BR,2BA$1.43
Castlegate Apartments2BR/2.0BA2BR,2BA$1.28
Serrano ApartmentsPequin3BR,1.5BA$1.35
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$1.41
Cedar Meadows2 Bedroom 1 Bath2BR,1BA$1.22

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 #40

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Balboa

What type of rentals are currently available in Balboa?

There are currently 167 Apartments for Rent in Balboa, WA with pricing that ranges from $755 to $3,500. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa ranging from $596 to $6,500.

What is the current price range for Rental Homes in Balboa?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Balboa ranges from $596 to $6,500 with an average monthly rent of $2,096.

How much are larger Three and Four Bedroom Rentals in Balboa?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Balboa range from $1,295 to $2,861, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $2,516.

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 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.

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

Written by: Robin Stewart

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.