33640 27th Pl SW
Federal WayWA98023
Cheap Homes for Rent in Alderbrook Neighborhood of Federal Way, WA from $1,000 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Alderbrook area of Federal Way.
33640 27th Pl SW
Federal WayWA98023
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.
31003 14th Ave S, Unit G03, Unit G03
31003 14th Ave S
Federal WayWA98003
33020 10th Ave SW, Unit Y101, Unit Y101
33020 10th Ave SW
Federal WayWA98023
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.
30217 1st Pl S
Federal WayWA98003
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Alderbrook, Federal Way, WA Local Guide
How much does it cost to rent a home in Alderbrook?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alderbrook 2 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
| Alderbrook 3 Bedroom Homes for Rent | $2,916 | $1,858 | $3,595 |
| Alderbrook 4 Bedroom Homes for Rent | $3,266 | $2,850 | $3,599 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Alderbrook Neighborhood of Federal Way, WA.
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Alderbrook, Federal Way, WA Local Guide
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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 $1,230. Bayview Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $1,275. Here are the most affordable Alderbrook apartments for rent in Federal Way, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Terra | Studio | Studio,1BA | $1,230 |
| Bayview Apartment Homes | Studio | Studio, | $1,275 |
| Ridge & Shores | A1 | 1BR,1BA | $1,437 |
Best Value Apartments for Rent in Alderbrook, WA
As of April 27, 2026 the best value apartment in the Alderbrook area is the $2.01 price per square foot Three Bedroom Two Bath Model at Crosspointe in the in the Jovita neighborhood starting from $2,375. The second greatest value Alderbrook apartment is the Armstrong Model at Uptown Square starting at $1,645 with a $1.82 price per square foot in the West Campus neighborhood. Here is today’s list of the best values for Alderbrook apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Crosspointe | Three Bedroom Two Bath | 3BR,2BA | $2.01 |
| Uptown Square | Armstrong | 1BR,1BA | $1.82 |
| Greystone Meadows | 2x1 | 2BR,1BA | $1.97 |
| Sunset Three Twenty | 2 Bed - 1 Bath (Renovated) | 2BR,1BA | $2.03 |
| Maplewood | 2B 1B | 2BR,1BA | $2.01 |
| Glen Park At West Campus | A2 | 1BR,1BA | $1.98 |
| Kitts Corner | Athens | 1BR,1BA | $2.00 |
| Panther Lake Apartments | Two Bedroom Junior | 2BR,1BA | $2.03 |
| Campus View | 1F | 1BR,1BA | $1.93 |
| Ridge & Shores | A1 | 1BR,1BA | $1.89 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick 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 LifestyleAlderbrook, Federal Way, WA
Ranked #10
Among cities in Washington for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Alderbrook
What type of rentals are currently available in Alderbrook?
There are currently 76 Apartments for Rent in Alderbrook, WA with pricing that ranges from $960 to $3,259. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alderbrook ranging from $1,050 to $3,599.
What is the current price range for Rental Homes in Alderbrook?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Alderbrook ranges from $1,050 to $3,599 with an average monthly rent of $2,310.
How much are larger Three and Four Bedroom Rentals in Alderbrook?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Alderbrook range from $1,800 to $3,259, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,858 to $3,595. Four Bedroom Single-Family rentals are also available starting from $2,850 and Four Bedroom Apartments start at $2,096.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.