6532 N Drumheller St
SpokaneWA99208
Cheap Homes for Rent in Balboa Neighborhood of Spokane, WA from $500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Balboa area of Spokane.
2418 N Atlantic St
SpokaneWA99205
3424 W Princeton Ave
SpokaneWA99205
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$1,0251 Bedroom Apartments Available Now
6029 N Mayfair St, Unit 7
6029 N Mayfair StSpokane, WA 99208
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.
714 W Kiernan Ave, Unit A
714 W Kiernan Ave
SpokaneWA99205
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$1,4952 Bedroom Apartments Available Now
2715 W Euclid Ave, Unit 101
2715 W Euclid AveSpokane, WA 99205
5304 N Elgin St
SpokaneWA99205
2405 W Columbia Ave
SpokaneWA99205
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.
4003 N Post St
SpokaneWA99205
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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 | $1,743 | $1,195 | $2,400 |
| Balboa 3 Bedroom Homes for Rent | $2,384 | $1,945 | $2,895 |
| Balboa 4 Bedroom Homes for Rent | $3,298 | $2,100 | $9,995 |
| Balboa 5 Bedroom Homes for Rent | $2,772 | $2,750 | $2,795 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 9 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 2 Beds unit found at Rosewood Club priced from $190. Serrano Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable Balboa apartments for rent in Spokane, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rosewood Club | 2BR/1.0BA | 2BR,1BA | $190 |
| Serrano Apartments | Cayenne | 2BR,1BA | $995 |
| Colfax Sandhill Apartments | Colfax- 1 bedroom | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Balboa, WA
As of June 09, 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 3 Bed/2 Bath Townhome Model at Cedar Crossing Apartments starting at $1,650 with a $1.43 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 |
| Cedar Crossing Apartments | 3 Bed/2 Bath Townhome | 3BR,2BA | $1.43 |
| GoGo Heights | 2x2A | 2BR,2BA | $1.36 |
| Mayfair Apartments | 2 Bedrooms 2 Bathrooms | 2BR,2BA | $1.38 |
| 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 |
| Cedar Meadows | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| Serrano Apartments | Tabasco | 2BR,1BA | $1.38 |
| Colfax Sandhill Apartments | Colfax- 1 bedroom | 1BR,1BA | $1.31 |
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 Article
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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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 LifestyleBalboa, Spokane, WA
Ranked #37
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 $190 to $2,861. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa ranging from $596 to $9,995.
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 $9,995 with an average monthly rent of $2,232.
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 $1,945 to $2,895. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $2,616.
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
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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.