
Cheap Homes for Rent in Woodway, WA from $1,300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Woodway.


9011 236th St SW, Unit D

19837 25th Ave NE

19414 Aurora Ave N
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.

18100 15th Ave NE

19855 25th Ave NE

26420 NE Pennsylvania Ave

550 Elm Way
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 | $2,376 | $1,795 | $3,850 |
| Woodway 3 Bedroom Homes for Rent | $3,253 | $2,500 | $4,500 |
| Woodway 4 Bedroom Homes for Rent | $4,029 | $2,900 | $4,795 |
| Woodway 5 Bedroom Homes for Rent | $6,100 | $5,700 | $6,500 |
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Woodway, WA Local Guide
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Cheapest Neighborhoods for Apartments in Woodway, WA
Pricing Updated: 05/23/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Woodway Park | $2,295 | $2,295 | 1 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Compass Apartments | The Waldron, The Decatur and The Sucia | 1BR,1BA | $1,550 |
| The Village at Westgate | A1 - Studio - 420 sqft - Nature | Studio,1BA | $1,620 |
| EDMONDS HIGHLANDS | One Bed One Bath | 1BR,1BA | $1,646 |
Best Value Apartments for Rent in Woodway, WA and Nearby
As of May 23, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Highland Lofts Apartments | 2BDRM | 2BR,2BA | $2.28 |
| EDMONDS HIGHLANDS | Two Bedroom One Bath | 2BR,1BA | $2.34 |
| Westhaven Commons, a 55+ Community | 2BR/2.0BA | 2BR,2BA | $2.48 |
| 303 Edmonds St, Unit 101 | 303 Edmonds St | 1BR,1BA | $2.59 |
| Compass Apartments | The Waldron, The Decatur and The Sucia | 1BR,1BA | $2.64 |
| Brackett Apartments | 1 Bed 1 Bath A | 1BR,1BA | $3.50 |
| The Village at Westgate | A1 - Studio - 420 sqft - Nature | Studio ,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.
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 $1,550 to $3,291. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Woodway ranging from $1,350 to $6,500.
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 $1,350 to $6,500 with an average monthly rent of $3,233.
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

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.

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.