Zumper
modified
Updated 10 Hours Ago

Highlights

  • Off street parking
  • Cozy space
  • No on-site laundry

Location

5420 S Tacoma Way, Tacoma, WA 98409, USA|South Tacoma
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Contact

Management

Love My Space

Leasing office

(844) 906-0739 ext. 3064

Property Overview

5420 South Tacoma Way is a verified property with a strong overall rating, combining excellent value, a high-quality living experience, and a convenient location. It offers off-street parking and a cozy space, though there is no on-site laundry, and nearby top-rated elementary and middle schools are within about 0.6 miles.

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

8.9
Very Good
With a solid 8.9 out of 10 overall, 5420 South Tacoma Way is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 5420 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

  • Middle school nearby
  • Elementary school nearby

Floor plans

5420 South Tacoma Way - 6Studio-1 bath$895 /mo9 units availableGreat location! This beautiful studio is within walking distance to shopping and many restaurants. Freeways are only minutes away! Make this cozy space your new home. WHAT SHOULD I KNOW ABOUT THIS SPACE? 1. Rent = $895 + $89.02 for W/S/G/E 2. Security Deposit =$895 3. First Month's Rent + Security Deposit are due at move-in. Last Month's Rent is due in full by end of month three. 4. Off street parking 5. No laundry on-site 6. No pets WILL I QUALIFY FOR THIS SPACE? 1. Solid employment for the last 6 months 2. Monthly income of at least 3 times monthly rent 3. 580+ Credit Score 4. Rent paid in full and on time for the last 12 months 5. No evictions

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
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About 5420 South Tacoma Way

HomeApartments in TacomaSouth Tacoma 5420 South Tacoma Way

Great location! This beautiful studio is within walking distance to shopping and many restaurants. Freeways are only minutes away! Make this cozy space your new home. WHAT SHOULD I KNOW ABOUT THIS SPACE? 1. Rent = $895 + $89.02 for W/S/G/E 2. Security Deposit =$895 3. First Month's Rent + Security Deposit are due at move-in. Last Month's Rent is due in full by end of month three. 4. Off street parking 5. No laundry on-site 6. No pets WILL I QUALIFY FOR THIS SPACE? 1. Solid employment for the last 6 months 2. Monthly income of at least 3 times monthly rent 3. 580+ Credit Score 4. Rent paid in full and on time for the last 12 months 5. No evictions


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.
8.9
/10
Very Good
With a solid 8.9 out of 10 overall, 5420 South Tacoma Way is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 5420 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 5420 South Tacoma Way
Price·10A 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.
5420 South Tacoma Way offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A 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.
With multiple in-demand amenities, 5420 South Tacoma Way is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
5420 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·9A 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.
5420 South Tacoma Way has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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.
5420 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 5420 South Tacoma Way compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 1 mile away
Elementary school nearby
There is an elementary school 1 mile away

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away

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Rent trends in South Tacoma

studio apartments at 5420 South Tacoma Way cost about 18% less than the average rent price for studio apartments in South Tacoma.

Median rents as of Sep 5 2026.
South Tacoma
Tacoma
A table of studio rental data trends in Tacoma
MonthMedian Rent
September 2024$1,295
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$1,236
April 2026$1,242
May 2026$1,204
June 2026$1,198
July 2026$1,195
August 2026$1,199
September 2026$1,200
A table of studio rental data trends in South Tacoma
MonthMedian Rent
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
April 2026$1,039
May 2026$1,178
June 2026$1,123
July 2026$1,066
August 2026$1,027
September 2026$1,095

Affordability calculator

Can I afford to live at 5420 S Tacoma Way?

Bedrooms

Studio

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

$35,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $35,800 annually to afford this studio monthly rent price of $895.
For more information on rent affordability, visit our rent calculator.

Schools near 5420 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 5420 South Tacoma Way

Getting around Tacoma near 5420 S Tacoma Way

Walking

5/10
Some shops and stores are within a few minutes.

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 5420 S Tacoma Way, Tacoma

Groceries

7/10
Wide variety of groceries within a short drive, including some within walking distance

Shopping

8/10
Wide variety of shops within a few minutes' walk

Cafes

7/10
Wide variety of cafés within a short drive, including some within walking distance

Restaurants

8/10
Wide variety of restaurants within a few minutes’ walk

Primary schools

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

High schools

5/10
At least one high school within a 20-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

9/10
Exceptional variety of bars right within a few minutes’ walk

Explore the area around 5420 S Tacoma Way

Grocery Outlet
3510 S 56th St
Union 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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