Cheap Apartments for Rent in the Enchanted Village Neighborhood of Federal Way, WA from $1,300 (17 Rentals)

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

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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The Commons
1 to 2 Bedroom Apartments

The Commons

190 S 334 StFederal Way, WA 98003

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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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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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Sitka Heights
1 to 2 Bedroom Apartments

Sitka Heights

6926 5th St EFife, WA 98424
Corporate Housing
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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 Park 16 priced from $1,333. Panther Lake Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,495. Here are the most affordable Enchanted Village apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Park 16Hummingbird1BR,1BA$1,333
Panther Lake ApartmentsOne Bedroom Flat1BR,1BA$1,495
Encore Apartment Homes1x1 A1BR,1BA$1,536
Campus View1L1BR,1BA$1,550
CrosspointeOne Bedroom One Bath1BR,1BA$1,575

Best Value Apartments for Rent in Enchanted Village, WA

As of January 11, 2026 the best value apartment in the Enchanted Village area is the $1.75 price per square foot London Model at Kitts Corner in the in the West Campus neighborhood starting from $2,397. The second greatest value Enchanted Village apartment is the Cedar Cottage Model at Meridian at Stone Creek starting at $2,995 with a $2.28 price per square foot in the Madrona 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.
Kitts CornerLondon4BR,2BA$1.75
Meridian at Stone CreekCedar Cottage2BR,2BA$2.28
Enchanted Woods3x2 Upper Floor Premium3BR,2BA$1.53
Sundance3x2-11603BR,2BA$2.28
Pacific Heights254 2X2 M2BR,2BA$1.62
Campus View1L1BR,1BA$2.07
CrosspointeOne Bedroom One Bath1BR,1BA$2.22
Encore Apartment Homes1x1 A1BR,1BA$2.17
Panther Lake ApartmentsOne Bedroom Flat1BR,1BA$2.14
Park 16Hummingbird1BR,1BA$2.04

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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The 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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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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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

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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 a cheap apartment in Enchanted Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Enchanted Village is under $1,847.

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

The cheapest apartment in Enchanted Village is Park 16 which is listed at $1,333, while the average apartment in Enchanted Village costs $2,671.

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 39 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 $1,375 which is $1,296 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

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!