Zumper
modified
20 Hours Ago

Highlights

  • Contemporary finishes
  • Open, airy feel
  • Tall ceilings
  • Spacious and modern 1-bedroom, 1-bath apartment

Location

5240 S Tacoma Way, Tacoma, WA 98409, USA|South Tacoma
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Contact

Management

Love My Space LLC

Leasing office

(253) 210-0123

Property Overview

5236-5240 South Tacoma Way features spacious interiors, ample storage, and in-unit laundry, complemented by character and tall ceilings. With a Zumper expert rating of 8.3 and strong price, amenities, and location ratings of 9 each, the property offers excellent value and convenience. Additionally, it ranks in the 95.24 percentile for value per square foot, highlighting its competitive positioning in the local real estate market.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, 5236-5240 South Tacoma Way is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 5236-5240 South Tacoma Way has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Middle school nearby
  • Laundry available on site

Floor plans

1BR/1.0BA1 bed1 bath900 sqft$1,595 /mo1 unit availableLooking for a modern, comfortable space to call home? This spacious 1-bedroom, 1-bath apartment in Tacoma offers an open, airy layout with stylish finishes — perfect for anyone seeking a clean, contemporary living environment. Apartment Features: • 1 Bedroom | 1 Bathroom • Tall ceilings for a bright, open feel • Open shelving for practical and modern storage • Contemporary finishes throughout • Thoughtfully designed layout for comfort and functionality Conveniently located in Tacoma with easy access to shopping, dining, and everyday essentials, making daily life simple and efficient. Rent: $1595 / month Security Deposit: $1000 Pets: $250 Deposit - $50/mo pet rent Utilities: $107 W/S/G (Electricity not inlcuded)

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Amenities for 5236-5240 South Tacoma Way

Apartment Amenities

High CeilingHigh Ceilings
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units2
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About 5236-5240 South Tacoma Way

HomeApartments in TacomaSouth Tacoma 5236-5240 South Tacoma Way

Looking for a modern, comfortable space to call home? This spacious 1-bedroom, 1-bath apartment in Tacoma offers an open, airy layout with stylish finishes — perfect for anyone seeking a clean, contemporary living environment. Apartment Features: • 1 Bedroom | 1 Bathroom • Tall ceilings for a bright, open feel • Open shelving for practical and modern storage • Contemporary finishes throughout • Thoughtfully designed layout for comfort and functionality Conveniently located in Tacoma with easy access to shopping, dining, and everyday essentials, making daily life simple and efficient. Rent: $1595 / month Security Deposit: $1000 Pets: $250 Deposit - $50/mo pet rent Utilities: $107 W/S/G (Electricity not inlcuded)


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, 5236-5240 South Tacoma Way is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 5236-5240 South Tacoma Way has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 5236-5240 South Tacoma Way
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
5236-5240 South Tacoma Way stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
5236-5240 South Tacoma Way goes above and beyond to provide sought-after conveniences and desirable perks, including high ceiling. Renters looking for popular or luxurious features will find them here—and for that reason, 5236-5240 South Tacoma Way receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
5236-5240 South Tacoma Way is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 5236-5240 South Tacoma Way does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
5236-5240 South Tacoma Way provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 5236-5240 South Tacoma Way compares to other nearby properties.

Positives

More space
The 1-bedroom is 345 sqft larger than other listings nearby
Middle school nearby
There is a middle school 1 mile away
Laundry available on site
Washers and dryers are available in-building or in-unit

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in South Tacoma

1-bedroom apartments at 5236-5240 South Tacoma Way cost about 23% more than the average rent price for 1-bedroom apartments in South Tacoma.

Median rents as of Mar 14 2026.
South Tacoma
Tacoma
A table of studio rental data trends in Tacoma
MonthMedian Rent
March 2024$1,210
April 2024$1,286
May 2024$1,296
June 2024$1,255
July 2024$1,246
August 2024$1,254
September 2024$1,280
October 2024$1,257
November 2024$1,339
December 2024$1,296
January 2025$1,275
February 2025$1,261
March 2025$1,308
April 2025$1,180
May 2025$1,197
June 2025$1,223
July 2025$1,209
August 2025$1,194
September 2025$1,211
October 2025$1,215
November 2025$1,204
December 2025$1,248
January 2026$1,230
February 2026$1,210
March 2026$1,222
A table of studio rental data trends in South Tacoma
MonthMedian Rent
March 2024$1,045
April 2024$1,402
May 2024$2,162
June 2024$1,596
July 2024$1,430
September 2024$1,295
October 2024$1,245
November 2024$1,095
December 2024$1,095
January 2025$1,095
February 2025$1,200
March 2025$1,220
April 2025$1,041
May 2025$1,011
June 2025$1,123
July 2025$1,199
August 2025$1,113
September 2025$1,031
October 2025$1,048
November 2025$999
December 2025$1,200
January 2026$1,200
February 2026$1,084
March 2026$999

Affordability calculator

Can I afford to live at 5240 S Tacoma Way?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$63,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $63,800 annually to afford this 1-bedroom monthly rent price of $1,595.
For more information on rent affordability, visit our rent calculator.

Schools near 5236-5240 South Tacoma Way

Edison Elementary School

5830 s pine st

tacoma, WA, 98409

PK, K-5Public
C+

Madison Headstart

3102 s 43rd st

tacoma, WA, 98409

PKPublic

Willard Early Learning Center

3201 s d st

tacoma, WA, 98418

PKPublic

Clover Park Early Learning Program

10202 earley ave sw

lakewood, WA, 98499

PKPublic

Tacoma Special Services

601 s 8th st

tacoma, WA, 98405

PK, K-12Public
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Internet available near 5236-5240 South Tacoma Way

Getting around Tacoma near 5240 S Tacoma Way

Walking

4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

6/10
Frequent public transit options are within walking distance.

Points of interest for 5240 S Tacoma Way, Tacoma

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

6/10
Several shops within a few minutes’ walk

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Some restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

4/10
At least one high school within a 20-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

6/10
Some bars within a few minutes’ walk

Explore the area around 5240 S Tacoma Way

Grocery Outlet
3510 S 56th St
H & L Mart
4501 S Union Ave
Olympic Grocery & Deli
6601 South Tacoma Way
Emanual Inc Orchard
5610 Orchard St W
Marlene's Market & Deli
2951 S 38th St

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