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Cheap Apartments for Rent in Federal Way, WA from $500 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Federal Way.
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$905 - $1,395Studio to 2 Bedroom Apartments Available Now
Cove East
33030 1st Ave SFederal Way, WA 98003
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$999 - $1,6851 to 2 Bedroom Apartments Available Now
Meridian Court Senior Affordable Apartments
31420 23rd Ave SFederal Way, WA 98003
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$1,146 - $2,5011 to 3 Bedroom Apartments Available Now
Avana Star Lake
2211 S STAR LAKE RdFederal Way, WA 98003
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$1,300 - $1,8001 to 3 Bedroom Apartments Contact Us For Availability
Maplewood
4519 SW 321st StFederal Way, WA 98023
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$1,311 - $2,039Studio to 2 Bedroom Apartments Available Now
Crestview West Apartments
27912 Pacific Hwy SFederal Way, WA 98003
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$1,375 - $2,005Studio to 3 Bedroom Apartments Available Now
La Madera Apartments
28620 Pacific Hwy SFederal Way, WA 98003
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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$1,380 - $1,7451 to 2 Bedroom Apartments Available Now
View at the Lake
30602 Pacific Hwy SFederal Way, WA 98003
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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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Rent Specials
$1,199 - $2,020Studio to 2 Bedroom Apartments Available Now
THE BLVD
2136 S 272nd StKent, WA 98032
24426 Pacific Hwy S
KentWA98032
23858 Pacific Hwy S
KentWA98032
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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$1,300 - $1,7001 to 2 Bedroom Apartments Contact Us For Availability
Mark Twain Apartments
2408-2419 98th Ave Ct EEdgewood, WA 98371
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$1,380 - $1,7101 Bedroom Apartments Available Now
The Park at Fife
2110-2126 62nd Ave EFife, WA 98424
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$1,388 - $2,7021 to 3 Bedroom Apartments Available Now
The Fairways
4901 Fairwood Blvd NETacoma, WA 98422
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$1,400 - $2,0281 to 2 Bedroom Apartments Available Now
The Village at Newport
2500 S 272nd StKent, WA 98032
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Showing Results 1-30, Page 1 of 1
Federal Way, WA Local Guide
Dedication of Downtown Flag and Veterans Way by Darel Roa Photography is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Federal Way?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Federal Way Studio Apartments | $1,436 | $905 | $1,650 |
| Cheap Federal Way 1 Bedroom Apartments | $1,566 | $550 | $2,150 |
| Cheap Federal Way 2 Bedroom Apartments | $1,976 | $1,285 | $4,965 |
| Cheap Federal Way 3 Bedroom Apartments | $2,404 | $1,800 | $3,500 |
| Cheap Federal Way 4 Bedroom Apartments | $2,280 | $2,180 | $2,452 |
Browse Top Apartments in Federal Way
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Federal Way, WA Local Guide
Written By:
Staff Writer Local Guide Expert
- Federal Way Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Federal Way, WA
Pricing Updated: 10/22/2025Current apartment rentals in the Federal Way, WA area range in price from $550 to $4,965 with an overall median price of $2,679. The three Federal Way neighborhoods with the lowest median rent pricing are Twin Lakes at $1,300, Laurelwood at $1,311, and Redondo at $550. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Federal Way Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Twin Lakes | $2,339 | $1,300 | 73 |
| Laurelwood | $2,431 | $1,311 | 40 |
| Redondo | $2,531 | $550 | 149 |
| Steel Lake | $2,668 | $999 | 67 |
| Adelaide | $2,671 | $550 | 171 |
| Lakota | $2,671 | $550 | 102 |
| Mirror Lake | $2,671 | $550 | 172 |
| West Campus | $2,671 | $905 | 53 |
| Alderbrook | $2,672 | $550 | 139 |
| Campus Highlands | $2,672 | $905 | 177 |
Cheapest Available Federal Way Apartments for Rent
The cheapest available apartment rental in Federal Way, WA is a 1 Bed unit found at Meridian Court Senior Affordable Apartments in the Jovita neighborhood priced from $1,099. THE BLVD in the Woodmont neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here is today’s list of the most affordable Federal Way apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meridian Court Senior Affordable Apartments | A06 | 1BR,1BA | $1,099 |
| THE BLVD | 1 Bed 1 Bath | 1BR,1BA | $1,199 |
| Avana Star Lake | A1 | 1BR,1BA | $1,252 |
| Cove East | Oak | 2BR,1BA | $1,285 |
| Crestview West Apartments | Studio 1 Bath S2 | Studio,1BA | $1,311 |
| Terra | 1x1 | 1BR,1BA | $1,339 |
| The Park at Fife | 1x1 | 1BR,1BA | $1,380 |
| View at the Lake | 1x1 | 1BR,1BA | $1,380 |
| Timber Heights | 1 Bed | 1BR,1BA | $1,395 |
| The Village at Newport | The Collage | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in Federal Way, WA
As of October 23, 2025 the best value apartment in the Federal Way area is the $1.83 price per square foot Bonney Model at Watermark in the in the Jovita neighborhood starting from $1,903. The second greatest value Federal Way apartment is the 28803 46th Pl S Model at 28803 46th Pl S, Unit 2 starting at $1,750 with a $1.75 price per square foot in the Woodmont neighborhood. Here is today’s list of the best values for Federal Way apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Watermark | Bonney | 2BR,2BA | $1.83 |
| 28803 46th Pl S, Unit 2 | 28803 46th Pl S | 1BR,1.5BA | $1.75 |
| Pointe East | 2x1 | 2BR,1BA | $1.67 |
| Mariposa | 2 Bed, 1.5 Bath (60% Income Restricted) | 2BR,1.5BA | $1.96 |
| The Ridge and The Shores | Driftwood | 2BR,1BA | $1.90 |
| Glen Park At West Campus | A2 | 1BR,1BA | $1.87 |
| Kitts Corner | Athens | 1BR,1BA | $1.93 |
| Uptown Square | Bolden | 1BR,1BA | $1.95 |
| Cove East | Oak | 2BR,1BA | $1.61 |
| THE BLVD | 1 Bed 1 Bath | 1BR,1BA | $1.84 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
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Federal Way Overview
Federal Way, WA is close to Seattle yet maintains its own unique character and charm. This dynamic town is a great place for people who love the great outdoors. You can find apartments in Federal Way that are near parks, botanical gardens, and major highways into the mountains. Meanwhile, if you prefer shopping and culture, downtown areas have a great community that you can become part of.
Why live in Federal Way, WA?
Federal Way is a town on the move. In some ways this is literal, thanks to its parks botanical garden, sports fields, jogging friendly trails, and more. However, this town also gains a dynamic energy from being located in close proximity to Tacoma and Seattle. You're a quick drive from all the attractions and perks of these big cities, including art galleries, museums, and shopping plazas. However, you're also able to come home and relax in an apartment in one of Federal Way's peaceful neighborhoods. This town is also a great 'launching point' to explore the Rocky Mountains, Mt. Ranier National Park, and more.
Best Local Schools in Federal Way, WA
Federal Way Senior High School
Federal Way School District
Public School - Grades 9-12 (1640)
3 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Federal Way, WA Rentals by Map
See the most popular apartments and homes in Federal Way, WA
Getting Around Federal Way, WA
Walk Score®
56 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
45 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
37 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Federal Way Apartments
What is a cheap apartment in Federal Way?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Federal Way is under $1,400.
What is the price of a cheap apartment in Federal Way?
The cheapest apartment in Federal Way is Meridian Court Senior Affordable Apartments which is listed at $1,099, while the average apartment in Federal Way costs $2,679.
What types of apartments are the cheapest in Federal Way?
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 613 regular apartments in Federal Way 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 Federal Way?
Cheap apartments in Federal Way have an average cost of $1,196 which is $1,483 cheaper than the average rent for all rentals in Federal Way.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.