
Cheap Apartments for Rent in Federal Way, WA from $800 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in Federal Way.


Traditions at Federal Way Senior Living

Meridian Court Senior Affordable Apartments

La Madera Apartments

Crestview West Apartments

Park 16

Maplewood

Total Monthly Price
Avana Star Lake
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.

Arbor Woods Apartments

Pacific Heights

Kitts Corner

Westboro Apartments

Greystone Apartments

Celebration Senior Living

Willamette Court Apartments

Parkway Apartments
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.

Terra

Riverstone Apartments

Campus Landing Apartments

Laurelwood Gardens

Bayview Apartment Homes

Villa Capri

View at the Lake

THE BLVD
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.

The Landing Apartments

The Lakes

The Village at Newport

Mark Twain Apartments

View West Apartments

Buena Casa Apartment Homes

Cottonwood

Woodland Estates
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Timber Heights

Ramallah Apartments LLC
Federal Way, WA Local Guide

How much does it cost to rent an apartment in Federal Way?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Federal Way Studio Apartments | $1,423 | $960 | $1,650 |
| Cheap Federal Way 1 Bedroom Apartments | $1,679 | $1,150 | $2,880 |
| Cheap Federal Way 2 Bedroom Apartments | $2,023 | $1,350 | $3,350 |
| Cheap Federal Way 3 Bedroom Apartments | $2,418 | $1,944 | $3,075 |
| Cheap Federal Way 4 Bedroom Apartments | $2,276 | $2,096 | $2,500 |
Browse Top Apartments in Federal Way
See all Apartments in Federal WayExplore Federal Way
Federal Way, WA Local Guide

- Federal Way Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Federal Way, WA
Pricing Updated: 03/07/2026Current apartment rentals in the Federal Way, WA area range in price from $960 to $3,350 with an overall median price of $2,451. The three Federal Way neighborhoods with the lowest median rent pricing are Twin Lakes at $1,350, Alderbrook at $960, and Campus Highlands at $960. 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 | $2,394 | $1,350 | 96 |
| Alderbrook | $2,413 | $960 | 134 |
| Campus Highlands | $2,413 | $960 | 226 |
| Enchanted Village | $2,413 | $1,333 | 145 |
| Kitts Corner | $2,413 | $960 | 124 |
| Madrona | $2,413 | $960 | 221 |
| Adelaide | $2,420 | $960 | 135 |
| Lakota | $2,420 | $960 | 78 |
| Mirror Lake | $2,440 | $960 | 112 |
| Laurelwood | $2,460 | $1,250 | 119 |
Cheapest Available Federal Way Apartments for Rent
 The cheapest available apartment rental in Federal Way, WA is a 2 Beds unit found at Villa Capri in the Woodmont neighborhood priced from $978. Traditions at Federal Way Senior Living in the Jovita neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here is today’s list of the most affordable Federal Way apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villa Capri | 2 Bedroom | 2BR,1BA | $978 |
| Traditions at Federal Way Senior Living | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| Terra | Studio | Studio,1BA | $1,186 |
| Meridian Court Senior Affordable Apartments | A06 | 1BR,1BA | $1,250 |
| THE BLVD | Studio | Studio,1BA | $1,285 |
| The Landing Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,290 |
| Timber Heights | 1 Bed | 1BR,1BA | $1,295 |
| La Madera Apartments | Studio at 60% Utilities Covered | Studio,1BA | $1,299 |
| Crestview West Apartments | Studio 1 Bath S2 | Studio,1BA | $1,311 |
| Bayview Apartment Homes | Studio | Studio, | $1,325 |
Best Value Apartments for Rent in Federal Way, WA
As of March 07, 2026 the best value apartment in the Federal Way area is the $1.59 price per square foot 28803 46th Pl S Model at 28803 46th Pl S, Unit 1 in the in the Woodmont neighborhood starting from $2,700. The second greatest value Federal Way apartment is the C1 Model at Glen Park At West Campus starting at $2,593 with a $2.00 price per square foot in the West Campus 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. |
|---|---|---|---|
| 28803 46th Pl S, Unit 1 | 28803 46th Pl S | 3BR,1BA | $1.59 |
| Glen Park At West Campus | C1 | 3BR,2.5BA | $2.00 |
| Encore Apartment Homes | 3 Bedrooms, 2 Bathrooms | 3BR,2BA | $2.00 |
| Pacific Heights | 254 2X2 M | 2BR,2BA | $1.58 |
| Uptown Square | Armstrong | 1BR,1BA | $1.77 |
| The Park at Fife | 2x1 Deluxe | 2BR,1BA | $1.92 |
| Greystone Meadows | 2x1 | 2BR,1BA | $2.04 |
| Riverstone Apartments | B1f - 2x1 first floor | 2BR,1BA | $1.99 |
| Kitts Corner | Athens | 1BR,1BA | $1.83 |
| Mariposa | 1 Bed, 1 Bath B (60% Income Restricted) | 1BR,1BA | $1.94 |
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.
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
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
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 $1,325.
What is the price of a cheap apartment in Federal Way?
The cheapest apartment in Federal Way is Traditions at Federal Way Senior Living which is listed at $1,050, while the average apartment in Federal Way costs $2,451.
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 474 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 $1,156 which is $1,295 cheaper than the average rent for all rentals in Federal Way.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.