Cheap Apartments for Rent in the Madrona Neighborhood of Federal Way, WA from $1,300 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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

Read Article
Showing Results 1-11, Page 1 of 1

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 $1,360. Traditions at Federal Way has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,411. Here are the most affordable Madrona apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Terra1x11BR,1BA$1,360
Traditions at Federal Way1x11BR,1BA$1,411
Panther Lake ApartmentsOne Bedroom Flat1BR,1BA$1,495
Panther Lake Lot 141X11BR,1BA$1,500
Cedar Gardens Apartments1BR/1.0BA1BR,1BA$1,550

Best Value Apartments for Rent in Madrona, WA

As of March 29, 2025 the best value apartment in the Madrona area is the $1.99 price per square foot Bella Model at Pavilion in the in the Alderbrook neighborhood starting from $2,208. The second greatest value Madrona apartment is the B4 Model at Glen Park At West Campus starting at $2,120 with a $1.94 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.
PavilionBella3BR,2BA$1.99
Glen Park At West CampusB42BR,2BA$1.94
Trellis ApartmentsCherry2BR,2BA$2.02
Align ApartmentsResidence 12BR,1BA$2.33
Trouve1-Bedroom Den1BR,1BA$2.36
Sunset Three Twenty1 Bed - 1 Bath (Renovated)1BR,1BA$2.26
Panther Lake ApartmentsOne Bedroom Flat1BR,1BA$2.14
Panther Lake Lot 141X11BR,1BA$2.14
The FairwaysA31BR,1BA$2.29
Traditions at Federal Way1x11BR,1BA$2.28

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Madrona, Federal Way, WA

Ranked #9

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

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

How much is rent for a Cheap One Bedroom Madrona Apartment?

The lowest price for a Cheap One Bedroom Madrona Apartment is $1,360 at Terra.

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

Today's best deal for a Cheap Two Bedroom Apartment in Madrona is starting from $1,625 at Panther Lake Apartments.

What is the most affordable Madrona Three Bedroom Apartment?

The best deal on a cheap Madrona Three Bedroom Apartment rental is at Pavilion and starts from $2,169.

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.