902 15th Ave
MiltonWA98354
Cheap Homes for Rent in Enchanted Village Neighborhood of Federal Way, WA from $2,700 (3 Rentals)
Search the lowest-cost Homes 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.
705 5th Ave
MiltonWA98354
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.
34426 10th Ave SW
Federal WayWA98023
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Enchanted Village, Federal Way, WA Local Guide
How much does it cost to rent a home in Enchanted Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Enchanted Village 3 Bedroom Homes for Rent | $3,400 | $3,400 | $3,400 |
| Enchanted Village 4 Bedroom Homes for Rent | $5,500 | $5,500 | $5,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Enchanted Village Neighborhood of Federal Way, WA.
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Enchanted Village, Federal Way, WA Local Guide
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Best Value Apartments for Rent in Enchanted Village, WA
As of May 27, 2026 the best value apartment in the Enchanted Village area is the $1.55 price per square foot 3x2 Upper Floor Premium Model at Enchanted Woods in the in the Jovita neighborhood starting from $1,999. The second greatest value Enchanted Village apartment is the Barcelona Model at Kitts Corner starting at $1,952 with a $1.75 price per square foot in the West Campus neighborhood. Here is today’s list of the best values for Enchanted Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Enchanted Woods | 3x2 Upper Floor Premium | 3BR,2BA | $1.55 |
| Kitts Corner | Barcelona | 2BR,2BA | $1.75 |
| Crosspointe | Two Bedroom One Bath | 2BR,1BA | $2.12 |
| Crossroads at Meridian Apartments | Two Bedroom | 2BR,1BA | $1.93 |
| Panther Lake Apartments | Two Bedroom Junior | 2BR,1BA | $2.03 |
| Campus View | 1L | 1BR,1BA | $2.07 |
| Sundance | 1x1-725 | 1BR,1BA | $2.34 |
| Encore Apartment Homes | 1x1 A | 1BR,1BA | $2.16 |
| The Commons | One Bedroom | 1BR,1BA | $2.15 |
| Park 16 | Hummingbird | 1BR,1BA | $2.42 |
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 Article
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.
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.
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Best Local Schools in Enchanted Village, Federal Way, WA
Rainier View Elementary School
Federal Way School District
Public School - Grades PK-5 (495)
2 out of 10
School data provided by Great Schools
Frequently Asked Questions about Enchanted Village
What type of rentals are currently available in Enchanted Village?
There are currently 52 Apartments for Rent in Enchanted Village, WA with pricing that ranges from $1,435 to $3,350. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in Enchanted Village ranging from $3,400 to $5,500.
What is the current price range for Rental Homes in Enchanted Village?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Enchanted Village ranges from $3,400 to $5,500 with an average monthly rent of $4,450.
How much are larger Three and Four Bedroom Rentals in Enchanted Village?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Enchanted Village range from $2,139 to $2,712, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,400 to $3,400. Four Bedroom Single-Family rentals are also available starting from $5,500 and Four Bedroom Apartments start at $2,096.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.