
Cheap Homes for Rent in the Balboa Neighborhood of Spokane, WA from $500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Balboa area of Spokane.


6029 N Mayfair St, Unit 7

6104 N Lidgerwood St, Unit 7

6017 N Atlantic St

39 E Westview Ave, Unit #4
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.

3620 W Broad Ave

39 E Westview Ave, Unit #3

512 E Liberty Ave

102 E Weile Ave

3218 N Maple St
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.

5628 N Assembly St
Balboa, Spokane, WA Local Guide

How much does it cost to rent a home in Balboa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Balboa 2 Bedroom Homes for Rent | $1,626 | $1,095 | $2,295 |
| Balboa 3 Bedroom Homes for Rent | $2,147 | $1,595 | $2,700 |
| Balboa 4 Bedroom Homes for Rent | $2,692 | $1,950 | $6,500 |
| Balboa 5 Bedroom Homes for Rent | $2,950 | $2,700 | $3,200 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 3 mile radius of the Balboa Neighborhood of Spokane, WA.
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Balboa, Spokane, WA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rosewood Club | 1/2 Month Free & Free Carport!! | 1BR,1BA | $1,040 |
| Cedar Meadows | 2 Bedroom 1 Bath | 2BR,1BA | $1,045 |
| Serrano Apartments | Cayenne | 2BR,1BA | $1,045 |
| Colfax Sandhill Apartments | Colfax- 1 bedroom | 1BR,1BA | $1,050 |
| Forest Park Court | 1 bed 1 Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Northridge Court | 3 bed 2 bath | 3BR,2BA | $1.23 |
| GoGo Heights | 3x2 | 3BR,2BA | $1.36 |
| Cedar Crossing Apartments | 3 Bed/2 Bath Townhome | 3BR,2BA | $1.43 |
| Castlegate Apartments | 2BR/2.0BA | 2BR,2BA | $1.28 |
| Serrano Apartments | Pequin | 3BR,1.5BA | $1.35 |
| Mayfair Court | Mayfair Court 2 bedroom | 2BR,1.5BA | $1.22 |
| Cedar Forest Estates | 2 Bedroom 1 Bath | 2BR,1BA | $1.23 |
| Cedar Flats | 1 Bed | 1BR,1BA | $1.46 |
| Forest Park | 2 bed 1 bath | 2BR,1BA | $1.41 |
| Cedar Meadows | 2 Bedroom 1 Bath | 2BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleBalboa, Spokane, WA
Ranked #40
Among cities in Washington for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Balboa, Spokane, WA
School data provided by Great Schools
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

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.

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.

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.

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.