close
View Me
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.
31182 3rd Ct S
Federal WayWA98003
29326 32nd Pl S
AuburnWA98001
26117 20th Ave S
Des MoinesWA98198
420 S 321st Pl
Federal WayWA98003
close
View Me
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.
28418 16th Ave S
Federal WayWA98003
28610 16th Ave S
Federal WayWA98003
28307 18th Ave S
Federal WayWA98003
close
View Me
10703 16th St E
EdgewoodWA98372
29126 42nd Ave S
AuburnWA98001
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.
Showing Results 1-12, Page 1 of 1
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 | $2,157 | $1,795 | $2,900 |
| Federal Way 3 Bedroom Homes for Rent | $2,933 | $2,200 | $4,000 |
| Federal Way 4 Bedroom Homes for Rent | $3,182 | $700 | $4,000 |
| Federal Way 5 Bedroom Homes for Rent | $3,541 | $3,395 | $3,845 |
Browse Top Homes for Rent in Federal Way
Explore Federal Way
Federal Way, WA Local Guide
- Federal Way Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Federal Way, WA
Pricing Updated: 10/26/2025Current apartment rentals in the Federal Way, WA area range in price from $550 to $4,965 with an overall median price of $2,661. The three Federal Way neighborhoods with the lowest median rent pricing are Steel Lake at $999, Laurelwood at $1,111, and Twin Lakes at $1,300. 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 |
|---|---|---|---|
| Steel Lake | $2,252 | $999 | 41 |
| Laurelwood | $2,427 | $1,111 | 45 |
| Twin Lakes | $2,499 | $1,300 | 58 |
| Redondo | $2,531 | $550 | 124 |
| Adelaide | $2,671 | $550 | 134 |
| Lakota | $2,671 | $550 | 80 |
| Mirror Lake | $2,671 | $550 | 130 |
| West Campus | $2,671 | $905 | 47 |
| Alderbrook | $2,673 | $550 | 116 |
| Campus Highlands | $2,673 | $905 | 155 |
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 $1,099. Cove East in the West Campus neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,285. 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 | $1,099 |
| Cove East | Oak | 2BR,1BA | $1,285 |
| Crestview West Apartments | Studio 1 Bath S2 | Studio,1BA | $1,311 |
| The Park at Fife | 1x1 | 1BR,1BA | $1,380 |
| View at the Lake | 1x1 | 1BR,1BA | $1,380 |
Best Value Apartments for Rent in Federal Way, WA
As of October 26, 2025 the best value apartment in the Federal Way area is the $1.63 price per square foot Sydney Model at Kitts Corner in the in the West Campus neighborhood starting from $2,671. The second greatest value Federal Way apartment is the Bonney Model at Watermark starting at $1,903 with a $1.83 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kitts Corner | Sydney | 5BR,3BA | $1.63 |
| Watermark | Bonney | 2BR,2BA | $1.83 |
| 28803 46th Pl S, Unit 2 | 28803 46th Pl S | 1BR,1.5BA | $1.75 |
| Pointe East | 2x1 | 2BR,1BA | $1.67 |
| Pacific Heights | 254 2X1 T | 2BR,1BA | $1.88 |
| The Ridge and The Shores | Driftwood | 2BR,1BA | $1.91 |
| Uptown Square | Bolden | 1BR,1BA | $1.95 |
| Cove East | Oak | 2BR,1BA | $1.61 |
| Mariposa | 1 Bed, 1 Bath (60% Income Restricted) | 1BR,1BA | $1.89 |
| View at the Lake | 1x1 | 1BR,1BA | $1.97 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleThe 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.
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.
Let everyone know!
Do you know the Federal Way area?
If you’re an expert on all things Federal Way, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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!
Explore Federal Way, WA Rentals by Map
See the most popular apartments and homes in Federal Way, WA
Frequently Asked Questions about Federal Way
What type of rentals are currently available in Federal Way?
There are currently 254 Apartments for Rent in Federal Way, WA with pricing that ranges from $550 to $4,965. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Way ranging from $700 to $4,500.
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 $700 to $4,500 with an average monthly rent of $2,925.
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 $1,800 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $4,000. Four Bedroom Single-Family rentals are also available starting from $700 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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.