Cheap Apartments for Rent in the Madrona Neighborhood of Tacoma, WA from $1,100 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Madrona area of Tacoma.

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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Apex
Rent Specials
$1,370 - $2,363
Total Monthly Price

Total Monthly Price

Base Rent
$1,370 - $2,363
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Apex

2424 S 41st StTacoma, WA 98409
Corporate Housing
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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.

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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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property at 3638 S Monroe St

$3,300

Total Monthly Price

Total Monthly Price

Base Rent
$3,300
Total Monthly Price
$3,300

2 Bedroom, 1 Bath Home for Rent

Available Now

3638 S Monroe St

TacomaWA98409
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TNC Apartments
1 Bedroom Apartments

TNC Apartments

1919 S Tyler StTacoma, WA 98405
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4312 S Puget Sound Ave
Studio to 1 Bedroom Apartments

4312 S Puget Sound Ave

4312 S Puget Sound AveTacoma, WA 98409
Corporate Housing
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iStudios
1 to 2 Bedroom Apartments

iStudios

3825 S Junett StTacoma, WA 98409
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9 Clark Pl
Studio Apartments

9 Clark Pl

9 Clark PlTacoma, WA 98409
Student Housing

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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Cedar Place
Studio to 1 Bedroom Apartments

Cedar Place

4338 S Cedar StTacoma, WA 98409
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South Warner St
1 to 2 Bedroom Apartments

South Warner St

4510 S Warner StTacoma, WA 98409
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3903 S Tyler St
Studio to 2 Bedroom Apartments

3903 S Tyler St

3903 S Tyler StTacoma, WA 98409
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Unionaire
Studio to 2 Bedroom Apartments

Unionaire

1902 S Union AveTacoma, WA 98405
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Hazelwood Terrace
2 to 3 Bedroom Apartments

Hazelwood Terrace

3021-3035 S Orchard StTacoma, WA 98466

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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Warner II
2 to 3 Bedroom Apartments

Warner II

4341 S Warner StTacoma, WA 98409
Showing Results 1-43, Page 1 of 1

Madrona, Tacoma, WA Local Guide

Cheapest Available Madrona Apartments for Rent

 

The cheapest available apartment rental in the Madrona area of Tacoma, WA is a 1 Bed unit found at El Popo priced from $1,200. The Monroe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,205. Here are the most affordable Madrona apartments for rent in Tacoma, WA:

Apartment ListingModel NameBed/BathPriced From
El Popo1 Bedroom - Fully Renovated1BR,1BA$1,200
The Monroe1x1 Income Restricted 65%1BR,1BA$1,205
iStudiosNEW Style G1BR,1BA$1,295
Cedar Court ApartmentsStudio EconomyStudio,1BA$1,295
Alder Court ApartmentsStudio EfficiencyStudio,1BA$1,350
Villas at LawrenceOne Bedroom Economy1BR,1BA$1,375
ApexMt. OlympusStudio,1BA$1,389
South Warner St1x11BR,1BA$1,395
Lodge at Madrona Ridge1x1Cc1BR,1BA$1,469
Garden Villa ApartmentsOne Bedroom Standard1BR,1BA$1,470

Best Value Apartments for Rent in Madrona, WA

As of July 31, 2026 the best value apartment in the Madrona area is the $1.93 price per square foot 4 Bedrooms, 3 Bathrooms Model at Pine Street Townhomes in the in the Madrona neighborhood starting from $2,695. The second greatest value Madrona apartment is the 3BR/2.5BA Model at Junett St Townhouses starting at $2,295 with a $2.15 price per square foot in the Madrona neighborhood. Here is today’s list of the best values for Madrona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pine Street Townhomes4 Bedrooms, 3 Bathrooms4BR,3BA$1.93
Junett St Townhouses3BR/2.5BA3BR,2.5BA$2.15
4319 S AlderTwo Bedroom2BR,2BA$1.90
Lincoln Heights3 Bedroom 1 Bath Townhome3BR,1BA$2.18
3903 S Tyler St2BR/2.0BA2BR,2BA$1.67
The LookoutWillow2BR,2BA$1.81
Hallie Court ApartmentsTwo Bedroom2BR,1BA$2.07
Garden Villa ApartmentsOne Bedroom Standard1BR,1BA$2.01
Orchard TerraceOne Bedroom1BR,1BA$2.13
The Monroe1x1 Income Restricted 65%1BR,1BA$2.21

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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Quick 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.

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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 Tacoma, WA. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, places that make kids happy, raising pets, transit options, 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 Madrona Apartments

What is the Cheapest Studio apartment in Madrona?

Currently the most affordable Cheap Studio Apartment in Madrona is at Cedar Court Apartments listed at $1,295.

How much is rent for a Cheap One Bedroom Madrona Apartment?

The lowest price for a Cheap One Bedroom Madrona Apartment is $1,200 at El Popo.

What is the lowest price for a Cheap Two Bedroom Madrona Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madrona is starting from $1,525 at 3903 S Tyler St.

What is the most affordable Madrona Three Bedroom Apartment?

The best deal on a cheap Madrona Three Bedroom Apartment rental is at Lincoln Heights and starts from $2,100.

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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.