Cheap Apartments for Rent in the Madrona Neighborhood of Federal Way, WA from $1,300 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Madrona area of Federal Way.

property at 34816 1st Ave S

34816 1st Ave S

Federal WayWA98003

Seattle's Best Affordable Neighborhoods

Learn about Seattle, WA and the best places to live with original content written by our Local Expert Sharon Stallings

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Madrona, Federal Way, WA Local Guide

Cheapest Available Madrona Apartments for Rent

 

The cheapest available apartment rental in the Madrona area of Federal Way, WA is a 1 Bed unit found at Terra priced from $1,364. Kitts Corner has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,415. Here are the most affordable Madrona apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Terra1x11BR,1BA$1,364
Kitts CornerAthens1BR,1BA$1,415
Panther Lake ApartmentsOne Bedroom Flat1BR,1BA$1,495
Panther Lake Lot 141X11BR,1BA$1,500
PavilionMetro1BR,1BA$1,507

Best Value Apartments for Rent in Madrona, WA

As of April 11, 2025 the best value apartment in the Madrona area is the $2.13 price per square foot Walnut Model at Trellis Apartments in the in the Alderbrook neighborhood starting from $2,450. The second greatest value Madrona apartment is the B2 Model at Glen Park At West Campus starting at $1,977 with a $1.86 price per square foot in the West Campus neighborhood. Here is today’s list of the best values for Madrona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Trellis ApartmentsWalnut3BR,2BA$2.13
Glen Park At West CampusB22BR,2BA$1.86
Cedar Gardens Apartments2BR/1.0BA2BR,1BA$2.10
Kitts CornerAthens1BR,1BA$1.73
Trouve1-Bedroom Den1BR,1BA$2.36
Sunset Three Twenty1 Bed - 1 Bath (Renovated)1BR,1BA$2.28
Panther Lake ApartmentsOne Bedroom Flat1BR,1BA$2.14
Panther Lake Lot 141X11BR,1BA$2.14
PavilionMetro1BR,1BA$2.16
The FairwaysA31BR,1BA$2.42

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Pet Friendly Lifestyle
Madrona, Federal Way, WA

Ranked #12

Among neighborhoods in Federal Way, WA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Washington and customized analysis for Central Federal Way. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Madrona Apartments

What is the price of a cheap apartment in Madrona?

The cheapest apartment in Madrona is Terra which is listed at $1,364, while the average apartment in Madrona costs $2,771.

What types of apartments are the cheapest in Madrona?

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 46 regular apartments in Madrona that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Madrona?

Cheap apartments in Madrona have an average cost of $1,173 which is $1,598 cheaper than the average rent for all rentals in Madrona.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.