Cheap Apartments for Rent in the Enchanted Village Neighborhood of Federal Way, WA from $1,400 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Enchanted Village area of Federal Way.

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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property at 700 SW 368th St

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Total Monthly Price
$1,595

1 Bedroom, 1 Bath Home for Rent

Available Jul 15

700 SW 368th St

Federal WayWA98023
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The Commons
1 to 2 Bedroom Apartments

The Commons

190 S 334 StFederal 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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Sundance
$1,799 - $2,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,799 - $2,750
Total Monthly Price
$1,799 - $2,750
1 to 3 Bedroom Apartments Available Now

Sundance

210 27th AveMilton, WA 98354
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property at 85 22nd Avenue Ct

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500
Total Monthly Price
$2,500

3 Bedroom, 1 Bath Home for Rent

Available Jul 25

85 22nd Avenue Ct

MiltonWA98354

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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Showing Results 1-18, Page 1 of 1

Enchanted Village, Federal Way, WA Local Guide

Cheapest Available Enchanted Village Apartments for Rent

 

The cheapest available apartment rental in the Enchanted Village area of Federal Way, WA is a 1 Bed unit found at Panther Lake Apartments priced from $1,450. The Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,492. Here are the most affordable Enchanted Village apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Panther Lake ApartmentsOne Bedroom Loft1BR,1BA$1,450
The CommonsOne Bedroom1BR,1BA$1,492
Pacific Heights254 1X1 T1BR,1BA$1,525
Enchanted Woods1x1 Premium1BR,1BA$1,525
Encore1 Bedroom, 1 full1BR,1BA$1,533

Best Value Apartments for Rent in Enchanted Village, WA

As of July 11, 2026 the best value apartment in the Enchanted Village area is the $2.19 price per square foot Two Bedroom Townhome Large Model at The Commons in the in the West Campus neighborhood starting from $2,297. The second greatest value Enchanted Village apartment is the Two Bedroom One Bath Model at Crosspointe starting at $1,815 with a $1.99 price per square foot in the Jovita neighborhood. Here is today’s list of the best values for Enchanted Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The CommonsTwo Bedroom Townhome Large2BR,1.5BA$2.19
CrosspointeTwo Bedroom One Bath2BR,1BA$1.99
Sundance2x1-9052BR,1BA$2.26
Crossroads at Meridian ApartmentsTwo Bedroom2BR,1BA$1.96
Kitts CornerAthens1BR,1BA$2.10
Panther Lake ApartmentsTwo Bedroom Junior2BR,1BA$2.16
Campus View1L1BR,1BA$2.07
Pacific Heights254 1X1 T1BR,1BA$2.03
Encore1 Bedroom, 1 full1BR,1BA$2.16
Enchanted Woods1x1 Premium1BR,1BA$2.30

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.

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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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Quick 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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Best Local Schools in
Enchanted Village, Federal Way, WA

School data provided by Great Schools

Lifestyle Ratings

Our team is proud to bring you Lifestyle Ratings of rentals in cities across the United States, including Federal Way. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Enchanted Village Apartments

What is the price of a cheap apartment in Enchanted Village?

The cheapest apartment in Enchanted Village is Panther Lake Apartments which is listed at $1,450, while the average apartment in Enchanted Village costs $2,904.

What types of apartments are the cheapest in Enchanted Village?

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 27 regular apartments in Enchanted Village 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 Enchanted Village?

Cheap apartments in Enchanted Village have an average cost of $1,513 which is $1,391 cheaper than the average rent for all rentals in Enchanted Village.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

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

Written by: Robin Stewart

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.