23 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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Property Overview
5420 South Tacoma Way offers a strong overall experience with a Zumper expert rating of 8.9, reflecting its excellent amenities and quality. The property features off-street parking and a cozy space, while maintaining a competitive price rating of 10 for its value. With a notable location score of 9, residents enjoy easy access to schools and points of interest, making it an appealing choice for renters seeking a quality lifestyle.
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.
Things you’ll love
Less expensive- Middle school nearby
- Elementary school nearby
Floor plans
| 5420 South Tacoma Way - 6 | Studio | -1 bath | $895 /mo | 9 units available | 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 |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 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 GoodWith 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.
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
- Less expensive
- Studio units are cheaper than other similar listings nearby
- 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 13% less than the average rent price for studio apartments in South Tacoma.
Median rents as of Apr 18 2026.
South Tacoma
Tacoma
| Month | Median Rent |
|---|---|
| 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 | $1,236 |
| April 2026 | $1,246 |
| Month | Median Rent |
|---|---|
| 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 |
| April 2026 | $1,050 |
Affordability calculator
Can I afford to live at 5420 S Tacoma Way?
Bedrooms
StudioRent-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
8/10
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
5/10
At least one high school within a 20-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
8/10
Wide variety of bars within a few minutes' walk
Explore the area around 5420 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
Cute Teacher Things
5401 South Tacoma Way
Cheehoo Life
4842 S Adams St
Zumiez
4502 S Steele St
Top Tenth Clothing LLC
6232 S Alder St
Overall Laundry Services
6445 S Adams St
Fox Hollow Coffee Shop
4024 S 56th St
Cheers Espresso
4848 South Tacoma Way
Nordstrom Ebar Artisan Coffee
4502 S Steele St
Starbucks
4201 S Steele St
Orange Julius
4502 S Steele St
Discovery Cider Company
5419 South Tacoma Way
Vibe Dive Lounge
5439 South Tacoma Way
Dawson Tavern
5443 South Tacoma Way
Airport Tavern
5406 South Tacoma Way
Golden West Restaurant & Lounge
5228 South Tacoma Way
Pasteles Finos Del Angel
5102 S Washington St
GNC
4502 S Steele St
Evergreen Fruit & Produce
4525 S Orchard St
The Honey Baked Ham Company
2913 S 38th St
H & L Produce
7320 Lakewood Dr W
South Park
SERA Campus (South End Recreation & Adventure)
Wapato Hills Urban Wildlife Habitat
Emerson Property
Manitou Park
Pho V & V
5434 South Tacoma Way
Tortas Locas
5420 South Tacoma Way
Howdy Bagel
5421 South Tacoma Way
Discovery Cider Company
5419 South Tacoma Way
Buddys Chicken & Waffles
5415 South Tacoma Way
S Tacoma Way / S 56th St
Lakewood / Tacoma
S Tacoma Way & S 56th St
S to Seaway TC - N to Everett Station
S Tacoma Way / S 54th St
Lakewood / Tacoma
S Tacoma Way & S 54th St
S to Seaway TC - N to Everett Station
S Tacoma Way / S 56th St
Lakewood / Tacoma
South Tacoma Station
Seattle - Tacoma/Lakewood, Seattle - Tacoma/Lakewood
Tacoma Dome Station
Seattle - Tacoma/Lakewood, Seattle - Tacoma/Lakewood
Lakewood Station
Seattle - Tacoma/Lakewood, Seattle - Tacoma/Lakewood
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