Cheap Apartments for Rent in the South Tacoma Neighborhood of Tacoma, WA from $500 (21 Rentals)

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

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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Oak Trace Apartments
1 to 4 Bedroom Apartments

Oak Trace Apartments

7419 S Verde StTacoma, WA 98409
  • Utilities Included
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Manitou Park
1 to 2 Bedroom Apartments

Manitou Park

4215 S 66th StTacoma, WA 98409
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Bay Terrace
1 to 3 Bedroom Apartments

Bay Terrace

2500 G StTacoma, WA 98405
  • Utilities Included

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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Fairway View
1 to 2 Bedroom Apartments

Fairway View

6611 Lakewood Dr WUniversity Place, WA 98467
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

South Tacoma, Tacoma, WA Local Guide

Cheapest Available South Tacoma Apartments for Rent

 

The cheapest available apartment rental in the South Tacoma area of Tacoma, WA is a 1 Bed unit found at Pinegar Manor priced from $1,050. White Rock Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,085. Here are the most affordable South Tacoma apartments for rent in Tacoma, WA:

Apartment ListingModel NameBed/BathPriced From
Pinegar ManorPinegar Manor1BR,1BA$1,050
White Rock ApartmentsStudio - Fully RenovatedStudio,1BA$1,085
AV LoftsStudio BStudio,1BA$1,087
iStudiosNEW Style F1BR,1BA$1,195
Jefferson Yards Apartments0BR/1.0BAStudio,1BA$1,200

Best Value Apartments for Rent in South Tacoma, WA

As of June 28, 2026 the best value apartment in the South Tacoma area is the $1.89 price per square foot 3 Bed 2 Bath Model at The Verandas Apartment Homes in the in the Madrona neighborhood starting from $2,345. The second greatest value South Tacoma apartment is the 2 Bedroom Model at Alameda West Apartments starting at $1,850 with a $1.82 price per square foot in the South Tacoma neighborhood. Here is today’s list of the best values for South Tacoma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Verandas Apartment Homes3 Bed 2 Bath3BR,2BA$1.89
Alameda West Apartments2 Bedroom2BR,1.5BA$1.82
Park Place ApartmentsTwo Bedroom2BR,1BA$1.81
Mullen Cove Apartments1BD/1BA - 905 SQ FT1BR,1BA$1.49
5031 S Orchard St2 Beds, 1 Baths2BR,1BA$1.66
Valley ViewCopalis2BR,1BA$1.94
Madrona Park2X12BR,1BA$1.69
Viridian GroveThe Alder2BR,2BA$1.89
Christine Apartments3BR/1.0BA3BR,1BA$1.78
Pinegar ManorPinegar Manor1BR,1BA$1.50

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 Lifestyle Ratings of rentals and neighborhoods across the USA, including South Tacoma, Tacoma, and the greater Tacoma area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best outdoor access, features that make it easier to raise kids, raising pets, transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap South Tacoma Apartments

What is the Cheapest Studio apartment in South Tacoma?

Currently the most affordable Cheap Studio Apartment in South Tacoma is at White Rock Apartments listed at $1,085.

How much is rent for a Cheap One Bedroom South Tacoma Apartment?

The lowest price for a Cheap One Bedroom South Tacoma Apartment is $1,050 at Pinegar Manor.

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

Today's best deal for a Cheap Two Bedroom Apartment in South Tacoma is starting from $1,445 at Sundance Apartments.

What is the most affordable South Tacoma Three Bedroom Apartment?

The best deal on a cheap South Tacoma Three Bedroom Apartment rental is at Christine Apartments and starts from $1,535.

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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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.

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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.

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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.