Cheap Apartments for Rent in Federal Way, WA from $960 (107 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
$1,258 - $2,271

Total Monthly Price

Base Rent$1,258 - $2,271
Total Monthly PriceVaries
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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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

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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Terra
Studio to 2 Bedroom Apartments

Terra

2111 SW 352nd StFederal Way, WA 98023
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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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Villa Capri
1 to 3 Bedroom Apartments

Villa Capri

28621 25th Pl SFederal Way, WA 98003
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Park at Dashpoint
1 to 3 Bedroom Apartments

Park at Dashpoint

31736 SW 50th LnFederal Way, WA 98023
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Soundview
1 to 2 Bedroom Apartments

Soundview

28425 18th Ave SFederal Way, WA 98003

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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Federal Way, WA Local Guide

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Cheapest Neighborhoods for Apartments in Federal Way, WA

Pricing Updated: 09/04/2026

Current apartment rentals in the Federal Way, WA area range in price from $960 to $4,000 with an overall median price of $1,774. The three Federal Way neighborhoods with the lowest median rent pricing are Redondo at $1,636, Laurelwood at $1,672, and Marine Hills at $1,722. 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
Redondo$1,636$999240
Laurelwood$1,672$999241
Marine Hills$1,722$960168
Adelaide$1,741$960208
Mirror Lake$1,743$960148
Lakota$1,750$960117
Twin Lakes$1,750$960116
Alderbrook$1,787$960167
Steel Lake$1,787$99927
West Campus$1,825$96072

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 $999. Avana Star Lake in the Woodmont neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,258. Here is today’s list of the most affordable Federal Way apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meridian Court Senior Affordable ApartmentsA031BR,1BA$999
Avana Star LakeA11BR,1BA$1,258
Terra1x11BR,1BA$1,261
Maplewood1B 1B1BR,1BA$1,300
Crestview West ApartmentsStudio 1 Bath S1Studio,1BA$1,311
The BLVD1 Bedroom 60 Percent AMI1BR,1BA$1,325
The Park at Fife1x11BR,1BA$1,380
Traditions at Federal Way Senior LivingStudio - SpruceStudio,1BA$1,389
The Lakes1 Bed, 1 Bath B1BR,1BA$1,407
Mariposa1 Bed, 1 Bath B (50% Income Restricted)1BR,1BA$1,409

Best Value Apartments for Rent in Federal Way, WA

As of September 04, 2026 the best value apartment in the Federal Way area is the $1.79 price per square foot London Model at Kitts Corner in the in the West Campus neighborhood starting from $2,450. 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.
Kitts CornerLondon4BR,2BA$1.79
Providence Landing3 Bed 2 Bath3BR,2BA$1.79
Lake Apartments2 BR/ 1 BA2BR,1BA$1.21
Glen Park At West CampusB52BR,2BA$1.91
Riverstone ApartmentsC2u - 3x2 upper floor3BR,2BA$1.89
Park at Dashpoint3 Bedrooms, 2 full3BR,2BA$1.99
Pacific Heights254 2X2 T2BR,2BA$1.62
Mariposa2 Bed, 1 Bath A (60% Income Restricted)2BR,1BA$1.96
Align ApartmentsResidence 12BR,1BA$1.94
Crossroads at Meridian ApartmentsTwo Bedroom2BR,1BA$1.96

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Navigating the Rental Market: Tips for First-Time Renters

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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 $1,409.

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 $999, while the average apartment in Federal Way costs $1,774.

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 421 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 $951 which is $823 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.

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