
Cheap Apartments for Rent in the Balboa Neighborhood of Spokane, WA from $500 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Balboa area of Spokane.


VINTAGE AT SPOKANE - A 55+ Community

Colfax Sandhill Apartments

Lincoln Village Apartments

Rosewood Club

The Grove

Brentwood Gardens Apartment Community

Velo Apartments Spokane

Woodstone Communities

North Hill Millennium
Balboa, Spokane, WA Local Guide

How much does it cost to rent an apartment in Balboa?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Balboa Studio Apartments | $1,002 | $755 | $1,295 |
Balboa 1 Bedroom Apartments | $1,252 | $850 | $1,555 |
Balboa 2 Bedroom Apartments | $1,484 | $895 | $2,190 |
Balboa 3 Bedroom Apartments | $2,089 | $1,175 | $2,695 |
Balboa 4 Bedroom Apartments | $2,732 | $2,595 | $2,795 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 3 mile radius of the Balboa Neighborhood of Spokane, WA.
See all Apartments in SpokaneExplore Spokane
Balboa, Spokane, WA Local Guide
- Nearby Spokane neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Forest Park Court priced from $875. Colfax Sandhill Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Balboa apartments for rent in Spokane, WA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Forest Park Court | Alpine | 1BR,1BA | $875 |
Colfax Sandhill Apartments | Colfax- 1 bedroom | 1BR,1BA | $900 |
Rosewood Club | One Bedroom- Classic | 1BR,1BA | $950 |
Serrano Apartments | Tabasco | 2BR,1BA | $1,025 |
Cedar Meadows | 2 Bedroom 1 Bath | 2BR,1BA | $1,045 |
Woodstone Communities | 1 Bedroom | 1BR,1BA | $1,050 |
North Hill Millennium | Studio | Studio,1BA | $1,090 |
Northridge Court | 1 bed 1 bath | 1BR,1BA | $1,100 |
Magnesium Village | 1-1 | 1BR,1BA | $1,195 |
VINTAGE AT SPOKANE - A 55+ Community | 2 Bedroom 1 Bath 60% | 2BR,1BA | $1,199 |
Best Value Apartments for Rent in Balboa, WA
As of February 19, 2025 the best value apartment in the Balboa area is the $1.42 price per square foot Two Bedroom Model at Farwell North in the in the Balboa neighborhood starting from $1,640. The second greatest value Balboa apartment is the 2x2B Model at GoGo Heights starting at $1,314 with a $1.15 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Farwell North | Two Bedroom | 2BR,2BA | $1.42 |
GoGo Heights | 2x2B | 2BR,2BA | $1.15 |
Bellwood Park Apartments | 2x2 | 2BR,2BA | $1.19 |
The Grove | Begonia | 3BR,1.5BA | $1.27 |
Serrano Apartments | Pequin | 3BR,1.5BA | $1.29 |
539 W Central Ave, Unit 539 W Central | 539 W Central Ave | 2BR,1BA | $1.38 |
Velo Apartments Spokane | 2 x 1.5 | 2BR,1.5BA | $1.61 |
Cedar Crossing Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.53 |
Cedar Meadows | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
Rosewood Club | One Bedroom- Renovated | 1BR,1BA | $1.47 |
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.
Pet Friendly LifestyleBalboa, Spokane, WA
Ranked #18
Among neighborhoods in Spokane, WA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Balboa, Spokane, WA
School data provided by Great Schools
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
What is the Cheapest Studio apartment in Balboa?
Currently the most affordable Cheap Studio Apartment in Balboa is at North Hill Millennium listed at $1,090.
How much is rent for a Cheap One Bedroom Balboa Apartment?
The lowest price for a Cheap One Bedroom Balboa Apartment is $875 at Forest Park Court.
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 $1,025 at Serrano Apartments.
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 $1,275.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.