Cheap Apartments for Rent in the Balboa Neighborhood of Spokane, WA from $500 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Balboa area of Spokane.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Lilac Plaza Retirement Home
Studio to 1 Bedroom Apartments

Lilac Plaza Retirement Home

7007 N Wiscomb StSpokane, WA 99208
Senior Living
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Pine Villa
1 to 3 Bedroom Apartments

Pine Villa

33 E Graves RdSpokane, WA 99218
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Wedgewood Park
1 to 3 Bedroom Apartments

Wedgewood Park

212 E Wedgewood AveSpokane, WA 99208
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Singletree Apartments
1 Bedroom Apartments

Singletree Apartments

6211 N Lidgerwood StSpokane, WA 99208
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Stonegate Apartments
1 to 2 Bedroom Apartments

Stonegate Apartments

6121-6123 N Lidgerwood StSpokane, WA 99208
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Lyons Crest
1 to 2 Bedroom Apartments

Lyons Crest

6612 N Addison StSpokane, WA 99208
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Greenwood Apartments
Studio to 1 Bedroom Apartments

Greenwood Apartments

7001-7025 N Atlantic StSpokane, WA 99208

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Colton Apartments
2 Bedroom Apartments

Colton Apartments

6120 N Colton StSpokane, WA 99208
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Ruby Wynd Apartments
2 Bedroom Apartments

Ruby Wynd Apartments

6008-6014 N Ruby StSpokane, WA 99208
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Alexan Court
1 to 2 Bedroom Apartments

Alexan Court

6120 N Lidgerwood StSpokane, WA 99208
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Country Homes Court
1 to 2 Bedroom Apartments

Country Homes Court

508 W Shasta WaySpokane, WA 99208
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Whitworth Court
2 Bedroom Apartments

Whitworth Court

10110-10112 N Colfax RdSpokane, WA 99218
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Showing Results 1-37, Page 1 of 1

Balboa, Spokane, WA Local Guide

Cheapest Available Balboa Apartments for Rent

 

The cheapest available apartment rental in the Balboa area of Spokane, WA is a 1 Bed unit found at Colfax Sandhill Apartments priced from $900. Forest Park Court has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable Balboa apartments for rent in Spokane, WA:

Apartment ListingModel NameBed/BathPriced From
Colfax Sandhill ApartmentsColfax- 1 bedroom1BR,1BA$900
Forest Park CourtSpruce2BR,1BA$950
Serrano ApartmentsCayenne2BR,1BA$995
Rosewood ClubOne Bedroom- Classic1BR,1BA$1,040
Woodstone Communities1 Bedroom1BR,1BA$1,050
Northridge Court1 bed 1 bath1BR,1BA$1,100
North Hill MillenniumStudioStudio,1BA$1,190
Mayfair CourtMayfair Court 2 bedroom2BR,1BA$1,210
The GroveDaisy2BR,1BA$1,260
VINTAGE AT SPOKANE2 Bedroom 1 Bath B | Age 55+2BR,1BA$1,305

Best Value Apartments for Rent in Balboa, WA

As of May 14, 2025 the best value apartment in the Balboa area is the $1.33 price per square foot Unit C Model at Castlegate Apartments in the in the Balboa neighborhood starting from $1,450. The second greatest value Balboa apartment is the Mayfair Court 2 bedroom Model at Mayfair Court starting at $1,210 with a $1.26 price per square foot in the Balboa neighborhood. Here is today’s list of the best values for Balboa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Castlegate ApartmentsUnit C2BR,2BA$1.33
Mayfair CourtMayfair Court 2 bedroom2BR,1.5BA$1.26
The GroveDaisy2BR,1BA$1.40
Colfax Sandhill ApartmentsSandhill- 2 bedroom2BR,1BA$1.17
Cedar Crossing Apartments2 Bed/1 Bath2BR,1BA$1.59
The LusitanoBravata1BR,1BA$1.69
Rosewood ClubTwo Bedroom- Classic2BR,1BA$1.54
Forest Park CourtSpruce2BR,1BA$1.33
Serrano ApartmentsJalapeno1BR,1BA$1.51
Northridge Court1 bed 1 bath1BR,1BA$1.64

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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Pet Friendly Lifestyle
Balboa, Spokane, WA

Ranked #46

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Balboa, Spokane, WA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Central Spokane, WA. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Balboa Apartments

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

The lowest price for a Cheap One Bedroom Balboa Apartment is $900 at Colfax Sandhill Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Balboa is starting from $950 at Forest Park Court.

What is the most affordable Balboa Three Bedroom Apartment?

The best deal on a cheap Balboa Three Bedroom Apartment rental is at Serrano Apartments and starts from $1,200.

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.