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705 1st Street is an appealing rental option, featuring a prime location that ensures easy access to popular points of interest and transportation, complemented by notable amenities such as off-street parking and on-site laundry facilities. With high ratings of 8-9 across price, value, and trustworthiness, the property reflects a strong balance of quality and affordability. Its distinctive features like exposed brick and hardwood floors enhance its charm, making it stand out in the local market.
Things you’ll love
Less expensiveLaundry available on site| 2BR/1.0BA | 2 bed | 1 bath | $725 /mo | 1 unit available | Welcome to your new home in Cheney, WA! This apartment boasts a prime location, just a stone's throw away from EWU, making it an ideal choice for those who value convenience. The off-street parking ensures your vehicle is always safely tucked away. Step inside to find beautiful hard wood floors that add a touch of elegance to the space. Plus, the on-site laundry facilities mean you can take care of your laundry needs without leaving the comfort of your home. This apartment offers a blend of comfort, style, and convenience that is hard to beat. Tenant Benefit Package – (Required) At Equistead Properties, LLC we provide a Tenant Benefit Package for $25/month, which is mandatory for all residents. This package includes: ✔ Liability Coverage – The Tenant Benefit Package includes liability coverage, which fulfills lease requirements. Tenants are encouraged to obtain additional renter’s insurance to cover personal belongings, but this is not required. ✔ Rent Payment Credit Reporting – Rent payments are reported to TransUnion, Equifax, and Experian, helping you build your credit score. ✔ Financial Wellness 360° – Access to financial coaching, education programs, and budgeting tools to support your financial success. ✔ Identity Theft Protection – Up to $1,000,000 in identity theft expense reimbursement, plus fully managed resolution services. ✔ Credit Monitoring & Score Tracking – Monthly access to your credit score and dark web monitoring alerts. ✔ Exclusive Discounts – Enjoy savings with thousands of local and national retailer discounts. We also offer the Obligo security deposit alternative, allowing you to move in with no upfront security deposit. However, tenants may choose to provide a traditional refundable security deposit instead, in compliance with Washington State law. Experience comfortable and hassle-free living with Equistead Properties, LLC! ***MUST READ BEFORE APPLYING: Applicants must pass a background and residential history check. Must demonstrate verifiable income of at least 2.5x the rent OR provide an approved alternative source of rental assistance or a qualified Co-Signer. Applicants must have a credit score of at least 600 OR provide an alternative qualification such as a co-signer or proof of financial stability. We comply with Washington’s Fair Tenant Screening Act (RCW 59.18.257) and provide screening disclosures before application. No smoking/vaping on the property. Minimum lease term required. Early termination fees may apply. A $150 administrative fee is due at move-in. The $25/month Tenant Benefit Package is required for all residents and includes liability coverage. Security deposit is equal to one month's rent and will be due at lease signing. First month's rent is due the day prior to the lease start date. If the lease does not start on the 1st of the month, rent due at move-in will be pro-rated. Additional fees may apply, including pet fees, utilities, or move-in deposits. All fees will be disclosed in writing prior to lease signing. Equal Housing Opportunity. We comply with Washington State Fair Housing and Source of Income laws. Equistead Properties, LLC does not accept comprehensive, reusable tenant screening reports made available by a consumer reporting agency. |
Let's explore this property.
Apartment Amenities
| Hardwood Floor | Water |
Appliances
| Oven | Oven/Stove |
| Range | Refrigerator |
Building
| Onsite Laundry |
Grounds
| Off-Street Parking |
Services
| Garbage |
One-time.
One-time. Refundable.
No pets allowed.
Questions about this property’s policies and fees?
| Units | 6 |
|---|
Welcome to your new home in Cheney, WA! This apartment boasts a prime location, just a stone's throw away from EWU, making it an ideal choice for those who value convenience. The off-street parking ensures your vehicle is always safely tucked away. Step inside to find beautiful hard wood floors that add a touch of elegance to the space. Plus, the on-site laundry facilities mean you can take care of your laundry needs without leaving the comfort of your home. This apartment offers a blend of comfort, style, and convenience that is hard to beat. Tenant Benefit Package – (Required) At Equistead Properties, LLC we provide a Tenant Benefit Package for $25/month, which is mandatory for all residents. This package includes: ✔ Liability Coverage – The Tenant Benefit Package includes liability coverage, which fulfills lease requirements. Tenants are encouraged to obtain additional renter’s insurance to cover personal belongings, but this is not required. ✔ Rent Payment Credit Reporting – Rent payments are reported to TransUnion, Equifax, and Experian, helping you build your credit score. ✔ Financial Wellness 360° – Access to financial coaching, education programs, and budgeting tools to support your financial success. ✔ Identity Theft Protection – Up to $1,000,000 in identity theft expense reimbursement, plus fully managed resolution services. ✔ Credit Monitoring & Score Tracking – Monthly access to your credit score and dark web monitoring alerts. ✔ Exclusive Discounts – Enjoy savings with thousands of local and national retailer discounts. We also offer the Obligo security deposit alternative, allowing you to move in with no upfront security deposit. However, tenants may choose to provide a traditional refundable security deposit instead, in compliance with Washington State law. Experience comfortable and hassle-free living with Equistead Properties, LLC! ***MUST READ BEFORE APPLYING: Applicants must pass a background and residential history check. Must demonstrate verifiable income of at least 2.5x the rent OR provide an approved alternative source of rental assistance or a qualified Co-Signer. Applicants must have a credit score of at least 600 OR provide an alternative qualification such as a co-signer or proof of financial stability. We comply with Washington’s Fair Tenant Screening Act (RCW 59.18.257) and provide screening disclosures before application. No smoking/vaping on the property. Minimum lease term required. Early termination fees may apply. A $150 administrative fee is due at move-in. The $25/month Tenant Benefit Package is required for all residents and includes liability coverage. Security deposit is equal to one month's rent and will be due at lease signing. First month's rent is due the day prior to the lease start date. If the lease does not start on the 1st of the month, rent due at move-in will be pro-rated. Additional fees may apply, including pet fees, utilities, or move-in deposits. All fees will be disclosed in writing prior to lease signing. Equal Housing Opportunity. We comply with Washington State Fair Housing and Source of Income laws. Equistead Properties, LLC does not accept comprehensive, reusable tenant screening reports made available by a consumer reporting agency.
How 705 1st Street compares to other nearby properties.
Positives
Considerations
2-bedroom apartments at 705 1st Street cost about 42% less than the average rent price for 2-bedroom apartments in Cheney.
| Month | Median Rent |
|---|---|
| February 2024 | $800 |
| March 2024 | $758 |
| April 2024 | $753 |
| May 2024 | $688 |
| June 2024 | $770 |
| July 2024 | $900 |
| August 2024 | $907 |
| September 2024 | $900 |
| October 2024 | $900 |
| November 2024 | $900 |
| December 2024 | $900 |
| March 2025 | $908 |
| April 2025 | $925 |
| May 2025 | $925 |
| June 2025 | $731 |
| July 2025 | $750 |
| August 2025 | $914 |
| September 2025 | $925 |
| October 2025 | $907 |
| November 2025 | $927 |
Can I afford to live at 705 1st Street?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$29,000/yr
520 4th st
cheney, WA, 99004
317 n 7th
cheney, WA, 99004
