Cheap Apartments for Rent in the Alderbrook Neighborhood of Federal Way, WA from $800 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Alderbrook area of Federal Way.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Westboro Apartments
1 to 3 Bedroom Apartments

Westboro Apartments

32930 1st Ave SFederal Way, WA 98023
  • Utilities Included
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Celebration Senior Living
1 to 2 Bedroom Apartments

Celebration Senior Living

1524 S 328th StFederal Way, WA 98003
Senior Living
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Parkway Apartments
1 to 2 Bedroom Apartments

Parkway Apartments

2206 SW 334th PlFederal Way, WA 98023
  • Utilities Included
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Terra
Studio to 2 Bedroom Apartments

Terra

2111 SW 352nd StFederal Way, WA 98023
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The Commons
1 to 2 Bedroom Apartments

The Commons

190 S 334 StFederal Way, WA 98003
property at 31003 14th Ave S

$1,500 - $1,545

1 To 2 Bedroom Rentals

Available Now

31003 14th Ave S

Federal WayWA98003
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The Cove
1 to 2 Bedroom Apartments

The Cove

33131 1st Ave SWFederal Way, WA 98023
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Align Apartments
2 to 3 Bedroom Apartments

Align Apartments

35434-35434 25th Ave SWFederal Way, WA 98023
Corporate Housing

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Northview Terrace
1 to 2 Bedroom Apartments

Northview Terrace

1412 SW 312th StFederal Way, WA 98023
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The Fairways
Rent Specials
$1,565 - $2,574
Total Monthly Price

Total Monthly Price

Base Rent
$1,565 - $2,574
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Fairways

4901 Fairwood Blvd NETacoma, WA 98422
Corporate Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-40, Page 1 of 1

Alderbrook, Federal Way, WA Local Guide

Cheapest Available Alderbrook Apartments for Rent

 

The cheapest available apartment rental in the Alderbrook area of Federal Way, WA is a Studio unit found at Terra priced from $1,200. Lake Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,295. Here are the most affordable Alderbrook apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
TerraStudioStudio,1BA$1,200
Lake Apartments2 BR/ 1 BA2BR,1BA$1,295
Bayview Apartment Homes1 Bed 1 Bath A1BR,1BA$1,399
Sunset Three TwentyA1: 1 Bed 1 Bath1BR,1BA$1,433
Panther Lake ApartmentsOne Bedroom Loft1BR,1BA$1,450
The CommonsOne Bedroom1BR,1BA$1,492
ReNew Dash PointA21BR,1BA$1,529
Encore1 Bedroom, 1 full1BR,1BA$1,533
Campus View1L1BR,1BA$1,550
Greystone Meadows1x1 S1BR,1BA$1,564

Best Value Apartments for Rent in Alderbrook, WA

As of July 15, 2026 the best value apartment in the Alderbrook area is the $1.08 price per square foot 2 BR/ 1 BA Model at Lake Apartments in the in the Redondo neighborhood starting from $1,295. The second greatest value Alderbrook apartment is the Residence 3 Model at Align Apartments starting at $2,275 with a $1.95 price per square foot in the New Tacoma neighborhood. Here is today’s list of the best values for Alderbrook apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lake Apartments2 BR/ 1 BA2BR,1BA$1.08
Align ApartmentsResidence 33BR,2BA$1.95
Ridge & ShoresB32BR,2BA$2.07
CrosspointeTwo Bedroom One Bath2BR,1BA$1.99
Uptown SquareArmstrong1BR,1BA$1.85
The Norpoint 8 Apartments2BR/1.0BA2BR,1BA$2.06
Glen Park At West CampusA21BR,1BA$1.90
Kitts CornerAthens1BR,1BA$2.07
Sunset Three TwentyA1: 1 Bed 1 Bath1BR,1BA$1.91
Campus View1L1BR,1BA$2.07

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Alderbrook, Federal Way, WA

Ranked #8

Among cities in Washington for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Washington and customized analysis for Central Federal Way, WA. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, family-friendliness, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Alderbrook Apartments

What is the price of a cheap apartment in Alderbrook?

The cheapest apartment in Alderbrook is Terra which is listed at $1,275, while the average apartment in Alderbrook costs $2,904.

What types of apartments are the cheapest in Alderbrook?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 28 regular apartments in Alderbrook that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Alderbrook?

Cheap apartments in Alderbrook have an average cost of $1,455 which is $1,449 cheaper than the average rent for all rentals in Alderbrook.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.