Cheap Apartments for Rent in Woodway, WA from $1,000 (47 Rentals)

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The Gregory
Studio Apartments

The Gregory

505-515 5th Ave SEdmonds, WA 98020
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625 Bell St
1 to 2 Bedroom Apartments

625 Bell St

625 Bell StEdmonds, WA 98020
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9507 Firdale Ave
2 Bedroom Apartments

9507 Firdale Ave

9507 Firdale AveEdmonds, WA 98020

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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126 3rd Ave N
Studio Apartments

126 3rd Ave N

126 3rd Ave NEdmonds, WA 98020
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505 Edmonds St
Studio to 3 Bedroom Apartments

505 Edmonds St

505 Edmonds StEdmonds, WA 98020
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233 3rd Ave N
Studio Apartments

233 3rd Ave N

233 3rd Ave NEdmonds, WA 98020
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Ridge Acres
Studio Apartments

Ridge Acres

23121 Edmonds WayEdmonds, WA 98020
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528 Dayton St
2 Bedroom Apartments

528 Dayton St

528 Dayton StEdmonds, WA 98020
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Seabrook
Studio Apartments

Seabrook

221 3rd Ave SEdmonds, WA 98020
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128 4th Ave S
Studio Apartments

128 4th Ave S

128 4th Ave SEdmonds, WA 98020

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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201 5th Ave N
1 to 2 Bedroom Apartments

201 5th Ave N

201 5th Ave NEdmonds, WA 98020
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271 4th Ave S
2 Bedroom Apartments

271 4th Ave S

271 4th Ave SEdmonds, WA 98020
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520 Maple St
2 Bedroom Apartments

520 Maple St

520 Maple StEdmonds, WA 98020
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Edmonds 4-plex
2 Bedroom Apartments

Edmonds 4-plex

9010 SW 236th StEdmonds, WA 98026
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324 3rd Ave S
1 Bedroom Apartments

324 3rd Ave S

324 3rd Ave SEdmonds, WA 98020
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203 3rd Ave S
Studio Apartments

203 3rd Ave S

203 3rd Ave SEdmonds, WA 98020
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Highland Park
Studio to 3 Bedroom Apartments

Highland Park

1151 5th Ave SEdmonds, WA 98020

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.

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960 5th Ave S
2 Bedroom Apartments

960 5th Ave S

960 5th Ave SEdmonds, WA 98020
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Aring Apartments
Studio to 3 Bedroom Apartments

Aring Apartments

527 Forsyth LnEdmonds, WA 98020
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222 Dayton St
2 to 3 Bedroom Apartments

222 Dayton St

222 Dayton StEdmonds, WA 98020
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421 Sprague St
2 Bedroom Apartments

421 Sprague St

421 Sprague StEdmonds, WA 98020
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411 6th Ave N
2 Bedroom Apartments

411 6th Ave N

411 6th Ave NEdmonds, WA 98020
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Compass Apartments
Studio to 2 Bedroom Apartments

Compass Apartments

23020 Edmonds WayEdmonds, WA 98020
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Edmonds Crest
1 to 2 Bedroom Apartments

Edmonds Crest

8909 238th St SWEdmonds, WA 98026

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Nyland Apartments
1 to 3 Bedroom Apartments

Nyland Apartments

8509 244th StEdmonds, WA 98026
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Sound View
1 to 3 Bedroom Apartments

Sound View

614 6th Ave NEdmonds, WA 98020
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Edmonds Park
1 to 2 Bedroom Apartments

Edmonds Park

424 3rd Ave SEdmonds, WA 98020
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Stella D'Oro Apartments
1 to 2 Bedroom Apartments

Stella D'Oro Apartments

1116-1120 5th Ave SEdmonds, WA 98020
  • Utilities Included
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250 Beach Pl
2 to 3 Bedroom Apartments

250 Beach Pl

250 Beach PlEdmonds, WA 98020

Woodway, WA Local Guide

Cheapest Neighborhoods for Apartments in Woodway, WA

Pricing Updated: 05/21/2026

Current apartment rentals in the Woodway, WA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Woodway Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Woodway Park$2,977$1,199326

Cheapest Available Woodway Apartments for Rent and Nearby

 

The cheapest available apartment rental in Woodway, WA is a 1 Bed unit found at Compass Apartments in the Downtown Edmonds neighborhood priced from $1,550. The Village at Westgate in the Downtown Edmonds neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,620. Here is today’s list of the most affordable Woodway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Compass ApartmentsThe Waldron, The Decatur and The Sucia1BR,1BA$1,550
The Village at WestgateA1 - Studio - 420 sqft - NatureStudio,1BA$1,620
EDMONDS HIGHLANDSOne Bed One Bath1BR,1BA$1,646
Brackett Apartments1 Bed 1 Bath A1BR,1BA$1,828
Westhaven Commons, a 55+ Community2BR/2.0BA2BR,2BA$1,995
Highland Lofts Apartments2BDRM2BR,2BA$2,250

Best Value Apartments for Rent in Woodway, WA and Nearby

As of May 21, 2026 the best value apartment in the Woodway area is the $2.28 price per square foot 2BDRM Model at Highland Lofts Apartments in the in the Lake Ballinger neighborhood starting from $2,250. The second greatest value Woodway apartment is the Two Bedroom One Bath Model at EDMONDS HIGHLANDS starting at $1,987 with a $2.34 price per square foot in the Downtown Edmonds neighborhood. Here is today’s list of the best values for Woodway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Highland Lofts Apartments2BDRM2BR,2BA$2.28
EDMONDS HIGHLANDSTwo Bedroom One Bath2BR,1BA$2.34
Westhaven Commons, a 55+ Community2BR/2.0BA2BR,2BA$2.48
303 Edmonds St, Unit 101303 Edmonds St1BR,1BA$2.59
Compass ApartmentsThe Waldron, The Decatur and The Sucia1BR,1BA$2.64
Brackett Apartments1 Bed 1 Bath A1BR,1BA$3.55
The Village at WestgateA1 - Studio - 420 sqft - NatureStudio ,1BA$3.86

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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Frequently Asked Questions about Cheap Woodway Apartments

What is the price of a cheap apartment in Woodway?

The cheapest apartment in Woodway is Compass Apartments which is listed at $1,550, while the average apartment in Woodway costs $2,977.

What types of apartments are the cheapest in Woodway?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 16 regular apartments in Woodway that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.

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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.