Cheap Apartments for Rent in Federal Way, WA from $800 (76 Rentals)

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

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Avana Star Lake
Rent Specials
$1,253 - $2,396
Total Monthly Price

Total Monthly Price

Base Rent
$1,253 - $2,396
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Avana Star Lake

2211 S STAR LAKE RdFederal Way, WA 98003
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Seattle's Best Affordable Neighborhoods

Learn about Seattle, WA and the best places to live with original content written by our Local Expert Sharon Stallings

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Rent According to Income: A Look at Income-Restricted Rentals

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property at 700 SW 368th St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

1 Bedroom, 1 Bath Home for Rent

Available Now

700 SW 368th St

Federal WayWA98023

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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Westboro Apartments
1 to 3 Bedroom Apartments

Westboro Apartments

32930 1st Ave SFederal Way, WA 98023
  • Utilities Included
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Villa Capri
1 to 3 Bedroom Apartments

Villa Capri

28621 25th Pl SFederal Way, WA 98003
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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

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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View at the Lake
1 to 2 Bedroom Apartments

View at the Lake

30602 Pacific Hwy SFederal Way, WA 98003
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Terra
Studio to 2 Bedroom Apartments

Terra

2111 SW 352nd StFederal Way, WA 98023
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Laurelwood Gardens
2 to 4 Bedroom Apartments

Laurelwood Gardens

29505 21st Ave SFederal Way, WA 98003
property at 31003 14th Ave S

$1,400 - $1,800

1 To 2 Bedroom Rentals

Available Now

31003 14th Ave S

Federal WayWA98003
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Soundview
1 to 2 Bedroom Apartments

Soundview

28425 18th Ave SFederal Way, WA 98003
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The Cove
1 to 2 Bedroom Apartments

The Cove

33131 1st Ave SWFederal Way, WA 98023

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Federal Way, WA Local Guide

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Cheapest Neighborhoods for Apartments in Federal Way, WA

Pricing Updated: 07/21/2026

Current apartment rentals in the Federal Way, WA area range in price from $960 to $3,657 with an overall median price of $2,684. The three Federal Way neighborhoods with the lowest median rent pricing are Twin Lakes at $1,300, Adelaide at $960, and Lakota at $960. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Federal Way Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Twin Lakes$2,377$1,30091
Adelaide$2,550$960155
Lakota$2,550$96078
Mirror Lake$2,550$960120
West Campus$2,550$96051
Laurelwood$2,627$1,111155
Redondo$2,627$1,111153
Steel Lake$2,627$1,25034
Marine Hills$2,850$1,11135
Alderbrook$2,854$960130

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 $935. Meridian Court Senior Affordable Apartments in the Jovita neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here is today’s list of the most affordable Federal Way apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Capri2 Bedroom2BR,1BA$935
Meridian Court Senior Affordable ApartmentsA061BR,1BA$1,250
Avana Star LakeA11BR,1BA$1,253
The BLVDStudio 60 Percent AMIStudio,1BA$1,285
Lake Apartments2 BR/ 1 BA2BR,1BA$1,295
TerraStudio1BR,1BA$1,300
Crestview West ApartmentsStudio 1 Bath S2Studio,1BA$1,311
The Park at Fife1x11BR,1BA$1,380
Traditions at Federal Way Senior LivingStudio - SpruceStudio,1BA$1,389
Sunset Three TwentyA1: 1 Bed 1 Bath1BR,1BA$1,392

Best Value Apartments for Rent in Federal Way, WA

As of July 21, 2026 the best value apartment in the Federal Way area is the $1.79 price per square foot C4 Model at Glen Park At West Campus in the in the West Campus neighborhood starting from $2,746. The second greatest value Federal Way apartment is the 3 Bed 2 Bath Model at Providence Landing starting at $2,310 with a $1.79 price per square foot in the Jovita neighborhood. Here is today’s list of the best values for Federal Way apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Glen Park At West CampusC43BR,3BA$1.79
Providence Landing3 Bed 2 Bath3BR,2BA$1.79
Lake Apartments2 BR/ 1 BA2BR,1BA$1.08
Align ApartmentsResidence 33BR,2BA$1.88
1800 11th Ave, Unit Unit C1800 11th Ave2BR,1.5BA$1.74
Riverstone ApartmentsB2f - 2x2 first floor2BR,2BA$1.89
Uptown SquareArmstrong1BR,1BA$1.83
Edgewood Heights1 Bedroom1BR,1BA$1.96
Crossroads at Meridian ApartmentsTwo Bedroom2BR,1BA$1.96
Sunset Three TwentyA1: 1 Bed 1 Bath1BR,1BA$1.86

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

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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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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.

Federal Way, WA
Population: 97,044

Ranked #324

in US Census Population by City

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Best Local Schools in
Federal Way, WA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $1,392.

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 $1,250, while the average apartment in Federal Way costs $2,684.

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 475 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 $1,159 which is $1,525 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

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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

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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

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