Photos















- 1–2 Bedrooms
- $1,799-$1,975Pricing
- 725–874Square Feet
About Steel Lake Plaza
Thanks for checking out Steel Lake Plaza Apartments. We are a locally owned and professionally managed community in Federal Way, WA. Whether you want to walk over to Steel Lake Park, the Transit Center, or to the Commons Mall, everything is close and convenient to Steel Lake Plaza Apartment Homes. We offer large one- and two-bedroom apartment homes with a washer & dryer in each home. Our two-bedroom floorplan offers a fireplace and an additional half-bathroom. All homes have a patio/balcony with extra storage and include one assigned parking space in the rent. We have a great play area and are directly on a bus-line for schools and public transportation. All apartment homes have been updated with new appliances, a dishwasher and forced air heat for energy efficiency. Not to mention we're two minutes away from two I-5 on-ramps, talk about a quick commute! Come Live at Steel Lake Plaza and enjoy all that Federal Way has to offer at your fingertips!
Steel Lake Plaza is located in the Federal Way Neighborhood and 98003 Zip code of Federal Way, WA. This community is professionally managed by Olympic Management Company
Unique Features and Amenities
- 24/7 emergency maintenance
- Additional Storage Space
- Assigned Parking
- Ceiling Fan
- Convenient Freeway Access
- Fireplace (select Homes)
- forced air heat
- Full Size Washer & Dryer
- natural lighting
- Online Maintenance Requests
- Online Payments Available
- Onsite Management
Property Contact Info

Floorplan Pricing and Availability
Steel Lake Plaza offers 1 to 2 Bedroom apartments starting from $1,799 and having 725–874 sq ft. Here is the current pricing and availability:
New! Interactive Property Map
1 Bedroom
1X1 B RENOVATED
$1,799
1 Bed, 1 Bath, 725 sq ftAvailable NowModel Gallery
Floorplans
Photos
Availability Details
Price Availability Date Unit Sq Ft $1,799 Available Now C32 725 Unit C32 Amenities and Features
Kitchen
- Refrigerator
Unit C32 Rent and Fees
Unit Price
- $1,799
View Details and Rent EstimateModel Rent and Fees
Price
- $1,799
Apartment Model: 1X1 B RENOVATED$1,7991 Bedroom, 1 Bath, 725 sq ftAvailable NowFloorplansPhotos![]()
1X1 B RENOVATED - Image 1 ![]()
1X1 B RENOVATED - Image 2 ![]()
1X1 B RENOVATED - Image 3 ![]()
1X1 B RENOVATED - Image 4 ![]()
1X1 B RENOVATED - Image 5 ![]()
1X1 B RENOVATED - Image 6 ![]()
1X1 B RENOVATED - Image 7 ![]()
1X1 B RENOVATED - Image 8 ![]()
1X1 B RENOVATED - Image 9 ![]()
1X1 B RENOVATED - Image 10 ![]()
1X1 B RENOVATED - Floorplan 11 Apartment Unit: C32Apartment Model: 1X1 B RENOVATED$1,7991 Bedroom, 1 Bath, 725 sq ftAvailable Now258 1x1T RENO
$1,799
1 Bed, 1 Bath, 725 sq ftAvailable Apr 15Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft $1,799 April 15, 2026 D37 725 Model Amenities and Features
Features
- Balcony
- Ceiling Fans
- Fireplace
- Storage Space
Kitchen
- Dishwasher
Unit D37 Rent and Fees
Unit Price
- $1,799
View Details and Rent EstimateModel Rent and Fees
Price
- $1,799
Apartment Model: 258 1x1T RENO$1,7991 Bedroom, 1 Bath, 725 sq ftAvailable April 15, 2026![]()
258 1x1T RENO - Floorplan 1 Apartment Unit: D37Apartment Model: 258 1x1T RENO$1,7991 Bedroom, 1 Bath, 725 sq ftAvailable April 15, 20262 Bedrooms
258 2X1.5B RENO
$1,975
2 Beds, 1.5 Baths, 874 sq ftAvailable Apr 3Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft $1,975 April 3, 2026 C19 874 Model Amenities and Features
Features
- Balcony
- Ceiling Fans
- Fireplace
- Storage Space
Kitchen
- Dishwasher
Unit C19 Rent and Fees
Unit Price
- $1,975
View Details and Rent EstimateModel Rent and Fees
Price
- $1,975
Apartment Model: 258 2X1.5B RENO$1,9752 Bedroom, 1.5 Bath, 874 sq ftAvailable April 3, 2026![]()
258 2X1.5B RENO - Floorplan 1 Apartment Unit: C19Apartment Model: 258 2X1.5B RENO$1,9752 Bedroom, 1.5 Bath, 874 sq ftAvailable April 3, 2026
Schedule a Tour
Property Information
- 54 Units
- 3 Stories
- Built in 1978
- View Property Website
Lease Terms
- 6 - 12 mo
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.
Required Fees
Utilities
- Water/Sewer/GarbageiCharged per unit.Usage-Based/mo
Other Fees and Policies
Parking Fees
- Parking FeeiCharged per vehicle.$0/mo
Surface Lot
Pet Policy and Fees
Cats
- 2 Pet Limit
- 60 Lb Weight Limit
Comments: Weight limit should be 60lbs. “Resident agrees to bring pet(s) to the office to be photographed within 5 working days of the effective date of the lease."
Dogs
- 2 Pet Limit
- 60 Lb Weight Limit
Breed restrictions (dogs): certain breeds and breed mixes are prohibited at all times. Prohibited breeds include but are not limited to: Akita, Alaskan Malamute, Boxer, Bull Mastiff, Bull Terrier, Bulldog, Chow Chow, Doberman Pinscher, Dogo Argentino, German Shepherd, Great Dane, Husky, Mastiff, Pit Bull, Presa Canario, Rottweiler, Siberian Husky, Staffordshire Terrier or Wolf Hybrid.
Comments: Weight limit should be 60lbs. “Resident agrees to bring pet(s) to the office to be photographed within 5 working days of the effective date of the lease."
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Features and Amenities
Recreation and Fitness
- Playground
Interior Features
- Balcony
- Storage Space
- Ceiling Fans
- Fireplace
Kitchen Amenities
- Dishwasher
Outdoor Features
- Patio

Map
- Shopping
- Colleges
- Grocery
- Medical
- Transportation

Map
Hours and Contact Info
| Monday | 9:00 am–5:00 pm |
| Tuesday | 9:00 am–5:00 pm |
| Wednesday | 9:00 am–5:00 pm |
| Thursday | 9:00 am–5:00 pm |
| Friday | 9:00 am–5:00 pm |
| Saturday | Closed |
| Sunday | Closed |
Frequently Asked Questions about Steel Lake Plaza
Where is Steel Lake Plaza located?
Steel Lake Plaza is located at 2201 S 312th St near the Federal Way area of Federal Way, WA
What is the current rent range at Steel Lake Plaza?
1 Bedroom to 2 Bedroom Apartments at Steel Lake Plaza currently range from $1,799 to $1,975
When is the leasing office open?
- The office Hours for Steel Lake Plaza are
- Monday 9:00 am–5:00 pm
- Tuesday 9:00 am–5:00 pm
- Wednesday 9:00 am–5:00 pm
- Thursday 9:00 am–5:00 pm
- Friday 9:00 am–5:00 pm
- Saturday Closed
- Sunday Closed
Are pets allowed?
Call us today to find out our pet policy and if we allow pets
Renters Reviews and Ratings
Loud Noise, Garbage Spilled & Dripped on Stairways (Stinks)
January 25, 2022My wife and I lived at the Steel Lake Plaza Apartment for quite sometimes now. We like the old folks that used to live here, love the surrounding communities; the lakes, shopping mall, transit center and nearby grocery stores. However, a newly moved in neighbor across the unit played loud music with strong base at various times; day, nights, weekends, and so early (right before dawn). They stomped as they make their journey up and down the stairs. Very inconsiderate people. Garbage spilled ...(chicken/ pork bones) and it’s juice dripped on the stairways. It stinks! Use to have someone stopped by once a month to clean and vacuum the stairways — not anymore. I have communicated the same issues to the property manager 4-5 times already. She told me that she will check with her manager, before taking any legal actions. I know that she has tried, and she sounded very genuine as well. I told her I appreciated her efforts. Otherwise than that the rental price of the properties at Steel Lake Plaza has been increased substantially, but no improvement whatsoever. Not that I’m aware of anyway. I just want to give an honest review of this place. Thanks! SteveRead MoreReview from Apartments.com
Nearby Schools
Sacajawea Middle School
Federal Way Senior High School
Wildwood Elementary School
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from Steel Lake Plaza.
Big Box and Retail
Target
Walgreens
Safeway
Colleges and Universities
Groceries
Safeway
Albertson's
Hospitals
Shopping Centers
Steel Lake Plaza has 5 shopping centers within 0.2 miles.
Transit Stations
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Federal Way Studio Apartments | $1,440 | $960 | $1,650 |
| Federal Way 1 Bedroom Apartments | $1,654 | $1,150 | $2,395 |
| Federal Way 2 Bedroom Apartments | $2,018 | $1,350 | $3,350 |
| Federal Way 3 Bedroom Apartments | $2,449 | $1,800 | $3,075 |
| Federal Way 4 Bedroom Apartments | $2,252 | $2,096 | $2,500 |
Browse Top Apartments in Federal Way
By Price
By Community Type
- Federal Way Apartments for Rent by Owner
- Federal Way Apartments with Rent Specials
- Federal Way Top Rated Apartments
- Federal Way Corporate Apartments
- Federal Way Furnished Apartments
- Federal Way Gated Apartments
- Federal Way Loft Apartments
- Federal Way Low Income Apartments
- New Federal Way Apartments
- Federal Way Senior Apartments
- Federal Way Short-term Apartments
- Federal Way Apartments with Utilities Included











One assigned parking space per unit.