Cheap Apartments for Rent in the Madrona Neighborhood of Tacoma, WA from $1,105 (42 Rentals)

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

property at 4343 S Alder St
$1,285
1 Bedroom Rentals
Available Sep 21
Affordability

4343 S Alder St

TacomaWA98409

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
$1,425 - $2,256

Total Monthly Price

Base Rent$1,425 - $2,256
Total Monthly PriceVaries
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 2424 South 41st Street
$1,800

Total Monthly Price

Base Rent$1,800
Total Monthly Price$1,800
1 Bedroom, 1.5 Bath Condo for Rent
Available Now
Affordability

2424 South 41st Street, Unit 522B

2424 South 41st Street
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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9 Clark Pl
Studio Apartments

9 Clark Pl

9 Clark PlTacoma, WA 98409
Student Housing
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iStudios
1 to 2 Bedroom Apartments

iStudios

3825 S Junett 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

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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Bella Vista
1 to 2 Bedroom Apartments

Bella Vista

3502 S Mason AveTacoma, WA 98409
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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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Showing Results 1-42, 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. Unionaire Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,325. 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
Unionaire Apartments1BR/1.0BA1BR, 1BA$1,325
Alder Court ApartmentsStudio EfficiencyStudio, 1BA$1,350
Cedar Court ApartmentsOne Bedroom Economy1BR, 1BA$1,395
South Warner St1x11BR, 1BA$1,395
4319 S AlderOne Bedroom1BR, 1BA$1,395
Villas at LawrenceOne Bedroom1BR, 1BA$1,435
Garden Villa ApartmentsOne Bedroom Standard1BR, 1BA$1,470
Lodge at Madrona Ridge1x1Bc1BR, 1BA$1,471
Paddington PlaceType I1BR, 1BA$1,495

Best Value Apartments for Rent in Madrona, WA

As of September 18, 2026 the best value apartment in the Madrona area is the $1.16 price per square foot 3903 Mason Loop Rd Model at 3903 Mason Loop Rd, Unit UnitC in the Madrona neighborhood starting from $1,850. The second greatest value Madrona apartment is the 3 Bedrooms, 2.5 Bathrooms Model at Pine Street Townhomes in the Madrona neighborhood starting at $2,595 with a $1.87 price per square foot. 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.
3903 Mason Loop Rd, Unit UnitC3903 Mason Loop Rd2BR, 1BA$1.16
Pine Street Townhomes3 Bedrooms, 2.5 Bathrooms3BR, 2.5BA$1.87
Warner Street Townhomes2/2.502BR, 2.5BA$1.97
Lincoln Heights3 Bedroom 1 Bath Single3BR, 1BA$2.00
Junett St Townhouses3BR/2.5BA3BR, 2.5BA$1.87
Orchard TerraceTwo Bedroom2BR, 1.5BA$1.68
The LookoutWillow2BR, 2BA$1.81
The Verandas Apartment Homes1 Bed 1 Bath1BR, 1BA$2.09
Garden Villa ApartmentsOne Bedroom Standard1BR, 1BA$2.01
Unionaire Apartments1BR/1.0BA1BR, 1BA$2.08

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 Alder Court Apartments listed at $1,350.

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 $1,625 at Orchard Terrace.

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 $1,900.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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 How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.