
Cheap Apartments for Rent in the Madrona Neighborhood of Tacoma, WA from $1,000 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madrona area of Tacoma.


The Monroe

Total Monthly Price
Lodge at Madrona Ridge

Rainier Gardens Apartments

Cedar Court Apartments

The Lookout

Alder Court Apartments
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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.

4319 S Alder

4016 S Puget Sound Ave

Total Monthly Price
iStudios

Garden Villa Apartments

3704 S Gunnison St

Fircrest Gardens Apartments

Cedar Place
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Madrona Park

Orchard Terrace

3902 Mason Loop Rd

Hallie Court Apartments

TNC Apartments

4312 S Puget Sound Ave

9 Clark Pl
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3414 S Monroe St

South Warner St

Villas at Lawrence

The Verandas Apartment Homes

Lincoln Heights

Hazelwood Terrace

3903 S Tyler St
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Unionaire

51 S Arizona Ave

4315 S Warner St
Madrona, Tacoma, WA Local Guide

How much does it cost to rent an apartment in Madrona?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madrona Studio Apartments | $1,412 | $1,225 | $1,675 |
| Madrona 1 Bedroom Apartments | $1,451 | $1,095 | $1,695 |
| Madrona 2 Bedroom Apartments | $1,738 | $1,395 | $2,070 |
| Madrona 3 Bedroom Apartments | $2,169 | $1,890 | $2,300 |
| Madrona 4 Bedroom Apartments | $2,850 | $2,850 | $2,850 |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 1 mile radius of the Madrona Neighborhood of Tacoma, WA.
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Madrona, Tacoma, WA Local Guide
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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 The Monroe priced from $1,205. Cedar Court Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here are the most affordable Madrona apartments for rent in Tacoma, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Monroe | 1x1 Income Restricted 65% | 1BR,1BA | $1,205 |
| Cedar Court Apartments | Studio Economy | Studio,1BA | $1,250 |
| Alder Court Apartments | Studio Efficiency | Studio,1BA | $1,315 |
| Villas at Lawrence | One Bedroom | 1BR,1BA | $1,395 |
| 4319 S Alder | One Bedroom | 1BR,1BA | $1,395 |
| Garden Villa Apartments | One Bedroom Standard | 1BR,1BA | $1,415 |
| iStudios | NEW Style F | 1BR,1BA | $1,415 |
| Lodge at Madrona Ridge | 1x1Bc | 1BR,1BA | $1,465 |
| Cedar Place | Type 4 | 1BR,1BA | $1,495 |
| Orchard Terrace | One Bedroom | 1BR,1BA | $1,510 |
Best Value Apartments for Rent in Madrona, WA
As of April 28, 2026 the best value apartment in the Madrona area is the $1.44 price per square foot S 43rd TH 2x2.5 Model at S 43rd Townhomes in the in the Madrona neighborhood starting from $2,350. The second greatest value Madrona apartment is the 3 Bedrooms, 2.5 Bathrooms Model at Pine Street Townhomes starting at $2,800 with a $2.02 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| S 43rd Townhomes | S 43rd TH 2x2.5 | 2BR,2.5BA | $1.44 |
| Pine Street Townhomes | 3 Bedrooms, 2.5 Bathrooms | 3BR,2.5BA | $2.02 |
| Rainier Gardens Apartments | Two Bedroom One and Half Bath w/Garage | 2BR,1BA | $2.06 |
| The Verandas Apartment Homes | 1 Bed 1 Bath | 1BR,1BA | $2.05 |
| Garden Villa Apartments | One Bedroom Standard | 1BR,1BA | $1.94 |
| Cedar Place | Type 2 | 1BR,1BA | $2.05 |
| Orchard Terrace | One Bedroom | 1BR,1BA | $2.18 |
| Lodge at Madrona Ridge | 1x1Bc | 1BR,1BA | $2.14 |
| Villas at Lawrence | One Bedroom | 1BR,1BA | $2.31 |
| The Monroe | 1x1 Income Restricted 65% | 1BR,1BA | $2.21 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
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 $1,250.
How much is rent for a Cheap One Bedroom Madrona Apartment?
The lowest price for a Cheap One Bedroom Madrona Apartment is $1,205 at The Monroe.
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 $1,585 at Lodge at Madrona Ridge.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.