31182 3rd Ct S
Federal WayWA98003
Cheap Homes for Rent in Federal Way, WA from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Federal Way.
29326 32nd Pl S
AuburnWA98001
27022 47th Ave S
KentWA98032
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.
420 S 321st Pl
Federal WayWA98003
25818 19th Ave S, Unit #2
25818 19th Ave S
Des MoinesWA98198
2605 S 272nd St
KentWA98032
105 S 340th St
Federal WayWA98003
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2506 S 317th St
Federal WayWA98003
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28610 16th Ave S
Federal WayWA98003
24713 21st Ave S
Des MoinesWA98198
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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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Federal Way, WA Local Guide
Dedication of Downtown Flag and Veterans Way by Darel Roa Photography is licensed under CC BY-SA 3.0
How much does it cost to rent a home in Federal Way?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Federal Way 2 Bedroom Homes for Rent | $2,140 | $1,800 | $2,850 |
| Federal Way 3 Bedroom Homes for Rent | $2,934 | $2,160 | $3,500 |
| Federal Way 4 Bedroom Homes for Rent | $3,346 | $2,900 | $3,799 |
| Federal Way 5 Bedroom Homes for Rent | $3,850 | $3,850 | $3,850 |
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Federal Way, WA Local Guide
- Federal Way Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Neighborhoods for Apartments in Federal Way, WA
Pricing Updated: 09/10/2025Current apartment rentals in the Federal Way, WA area range in price from $905 to $4,965 with an overall median price of $2,625. The three Federal Way neighborhoods with the lowest median rent pricing are Redondo at $1,264, Twin Lakes at $1,300, and Laurelwood at $1,264. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Federal Way Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Redondo | $2,256 | $1,264 | 117 |
| Twin Lakes | $2,458 | $1,300 | 57 |
| Laurelwood | $2,668 | $1,264 | 127 |
| Marine Hills | $2,668 | $905 | 124 |
| Adelaide | $2,671 | $905 | 129 |
| Alderbrook | $2,671 | $905 | 108 |
| Campus Highlands | $2,671 | $905 | 150 |
| Kitts Corner | $2,671 | $905 | 120 |
| Lakota | $2,671 | $905 | 79 |
| Madrona | $2,671 | $905 | 139 |
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 $1,199. The Park at Fife in the Waller neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Federal Way apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meridian Court Senior Affordable Apartments | A06 | 1BR,1BA | $1,199 |
| The Park at Fife | 1x1 | 1BR,1BA | $1,300 |
| Crestview West Apartments | Studio 1 Bath S2 | Studio,1BA | $1,311 |
| Arbor Woods Apartments | Classic 1 Bedroom | 1BR,1BA | $1,325 |
| La Madera Apartments | Studio at 50% Utilities Covered | Studio,1BA | $1,375 |
Best Value Apartments for Rent in Federal Way, WA
As of September 10, 2025 the best value apartment in the Federal Way area is the $1.99 price per square foot 3 Bedroom 2 Bath Plan Hemlock Model at The Lodge at Peasley Canyon in the in the Jovita neighborhood starting from $2,350. The second greatest value Federal Way apartment is the TH2 Model at Campus View starting at $1,850 with a $1.83 price per square foot in the West Campus neighborhood. Here is today’s list of the best values for Federal Way apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Lodge at Peasley Canyon | 3 Bedroom 2 Bath Plan Hemlock | 3BR,2BA | $1.99 |
| Campus View | TH2 | 2BR,1.5BA | $1.83 |
| Mariposa | 2 Bed, 1.5 Bath (60% Income Restricted) | 2BR,1.5BA | $1.96 |
| Edgewood Heights | 1 Bedroom | 1BR,1BA | $1.93 |
| Homestead Apartments | 2x1 | 2BR,1BA | $2.00 |
| Kitts Corner | Athens | 1BR,1BA | $1.93 |
| Uptown Square | Bolden | 1BR,1BA | $1.95 |
| Pacific Heights | 254 1X1 M | 1BR,1BA | $2.03 |
| Redondo Heights I | 1 Bedroom 1 Bathroom (S.S) | 1BR,1BA | $1.95 |
| Encore Apartment Homes | 1x1 A | 1BR,1BA | $2.04 |
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Best Local Schools in Federal Way, WA
Federal Way Senior High School
Federal Way School District
Public School - Grades 9-12 (1640)
3 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Federal Way
What type of rentals are currently available in Federal Way?
There are currently 251 Apartments for Rent in Federal Way, WA with pricing that ranges from $905 to $4,965. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Way ranging from $750 to $3,850.
What is the current price range for Rental Homes in Federal Way?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Federal Way ranges from $750 to $3,850 with an average monthly rent of $2,438.
How much are larger Three and Four Bedroom Rentals in Federal Way?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Federal Way range from $1,296 to $3,303, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,160 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $2,180.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.