
Cheap Homes for Rent in Five Mile Prairie Neighborhood of Spokane, WA from $500 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Five Mile Prairie area of Spokane.

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.

6029 N Mayfair St, Unit 7
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.
Five Mile Prairie, Spokane, WA Local Guide

How much does it cost to rent a home in Five Mile Prairie?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Mile Prairie 3 Bedroom Homes for Rent | $2,350 | $2,300 | $2,400 |
| Five Mile Prairie 4 Bedroom Homes for Rent | $3,095 | $2,795 | $3,395 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Five Mile Prairie Neighborhood of Spokane, WA.
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Five Mile Prairie, Spokane, WA Local Guide
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Best Value Apartments for Rent in Five Mile Prairie, WA
As of June 10, 2026 the best value apartment in the Five Mile Prairie area is the $1.34 price per square foot 723 E Sitka Ave Model at 723 E Sitka Ave in the in the Lidgerwood neighborhood starting from $1,875. The second greatest value Five Mile Prairie apartment is the 3 bed 2 bath Model at Northridge Court starting at $1,550 with a $1.23 price per square foot in the Balboa neighborhood. Here is today’s list of the best values for Five Mile Prairie apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 723 E Sitka Ave | 723 E Sitka Ave | 2BR,2BA | $1.34 |
| Northridge Court | 3 bed 2 bath | 3BR,2BA | $1.23 |
| Bellwood Park Apartments | 2x2 | 2BR,2BA | $1.23 |
| Morning Glory Circle | 2 Bedroom 2 Bath | 2BR,2BA | $1.37 |
| GoGo Heights | 2x2A | 2BR,2BA | $1.36 |
| Mayfair Court | Mayfair Court 2 bedroom | 2BR,1.5BA | $1.22 |
| Cedar Forest Estates | 2 Bedroom 1 Bath | 2BR,1BA | $1.23 |
| Dakota Flats | One Bedroom, One Bathroom | 1BR,1BA | $1.40 |
| Cedar Meadows | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| 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 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 LifestyleFive Mile Prairie, Spokane, WA
Ranked #26
Among cities in Washington for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Five Mile Prairie
What type of rentals are currently available in Five Mile Prairie?
There are currently 47 Apartments for Rent in Five Mile Prairie, WA with pricing that ranges from $190 to $2,861. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Mile Prairie ranging from $596 to $3,395.
What is the current price range for Rental Homes in Five Mile Prairie?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Five Mile Prairie ranges from $596 to $3,395 with an average monthly rent of $2,109.
How much are larger Three and Four Bedroom Rentals in Five Mile Prairie?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Five Mile Prairie range from $1,295 to $2,861, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $2,400. Four Bedroom Single-Family rentals are also available starting from $2,795 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

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.

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.