
Cheap Homes for Rent in Woodway, WA from $1,500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Woodway.


5618 198th St SW

13426 Greenwood Ave N

8021 234th Street SW

19855 25th Ave NE

21307 48th Ave W

700 N 160th St
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.

4800 200th St SW

7616 230th St SW

20301 19th Ave NE

22715 Lakeview Dr

14124 Phinney Ave N

7909 218th St SW

8104 238th St SW C
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.
Woodway, WA Local Guide

How much does it cost to rent a home in Woodway?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Woodway 2 Bedroom Homes for Rent | $2,607 | $1,595 | $3,850 |
| Woodway 3 Bedroom Homes for Rent | $3,271 | $2,475 | $4,400 |
| Woodway 4 Bedroom Homes for Rent | $4,298 | $3,750 | $4,795 |
| Woodway 5 Bedroom Homes for Rent | $4,688 | $4,295 | $5,550 |
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Woodway, WA Local Guide
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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 $1,500. Westhaven Commons, a 55+ Community in the Downtown Edmonds neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,595. Here is today’s list of the most affordable Woodway apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Compass Apartments | The Waldron, The Decatur and The Sucia | 1BR,1BA | $1,500 |
| Westhaven Commons, a 55+ Community | 1BR/1.0BA | 1BR,1BA | $1,595 |
| EDMONDS HIGHLANDS | One Bed One Bath | 1BR,1BA | $1,646 |
| The Village at Westgate | A2 - Studio - 460 sqft - Patio, Nature | Studio,1BA | $1,695 |
| Brackett Apartments | 1 Bed 1 Bath B | 1BR,1BA | $2,028 |
Best Value Apartments for Rent in Woodway, WA and Nearby
As of July 08, 2026 the best value apartment in the Woodway area is the $2.34 price per square foot Two Bedroom One Bath Model at EDMONDS HIGHLANDS in the in the Downtown Edmonds neighborhood starting from $1,987. The second greatest value Woodway apartment is the 1BR/1.0BA Model at Westhaven Commons, a 55+ Community starting at $1,595 with a $2.28 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| EDMONDS HIGHLANDS | Two Bedroom One Bath | 2BR,1BA | $2.34 |
| Westhaven Commons, a 55+ Community | 1BR/1.0BA | 1BR,1BA | $2.28 |
| The Village at Westgate | B5 - One Bed - 675 sqft - Patio, Courtyard | 1BR,1BA | $3.70 |
| Compass Apartments | The Waldron, The Decatur and The Sucia | 1BR,1BA | $2.55 |
| Brackett Apartments | 1 Bed 1 Bath A | 1BR,1BA | $3.95 |
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.
Read ArticleReal 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Woodway
What type of rentals are currently available in Woodway?
There are currently 142 Apartments for Rent in Woodway, WA with pricing that ranges from $1,375 to $2,927. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Woodway ranging from $1,595 to $5,550.
What is the current price range for Rental Homes in Woodway?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Woodway ranges from $1,595 to $5,550 with an average monthly rent of $3,338.
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

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.

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.

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.

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.