1702 Balsa Ct
MiltonWA98354
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
24203 36th Ave S
KentWA98032
26117 20th Ave S
Des MoinesWA98198
518 S 321st St
Federal WayWA98003
33016 17th Pl S
Federal WayWA98003
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.
25324 38th Ave S
KentWA98032
2531 S 248th St
KentWA98032
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$1,8502 Bedroom Apartments Available Now
2014 S 308th St
2014 S 308th StFederal Way, WA 98003
5811 27th St NE
TacomaWA98422
24022 25th Ave S
Des MoinesWA98198
4233 S 252nd Pl
KentWA98032
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 | $2,071 | $1,795 | $2,600 |
| Federal Way 3 Bedroom Homes for Rent | $3,049 | $2,595 | $3,850 |
| Federal Way 4 Bedroom Homes for Rent | $3,541 | $2,975 | $4,099 |
| Federal Way 5 Bedroom Homes for Rent | $3,795 | $3,795 | $3,795 |
Browse Top Homes for Rent in Federal Way
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Federal Way, WA Local Guide
- Federal Way Neighborhoods
- Nearby Cities
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- School Districts
Cheapest Neighborhoods for Apartments in Federal Way, WA
Pricing Updated: 01/26/2026Current apartment rentals in the Federal Way, WA area range in price from $775 to $4,099 with an overall median price of $3,547. The three Federal Way neighborhoods with the lowest median rent pricing are Steel Lake at $775, Marine Hills at $2,300, and West Campus at $900. 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 | $2,795 | $775 | 2 |
| Marine Hills | $2,995 | $2,300 | 1 |
| West Campus | $3,400 | $900 | 2 |
| Laurelwood | $3,497 | $775 | 5 |
| Redondo | $3,497 | $800 | 4 |
| Mirror Lake | $3,547 | $775 | 10 |
| Campus Highlands | $3,700 | $2,950 | 5 |
| Enchanted Village | $3,700 | $775 | 6 |
| Madrona | $3,700 | $1,875 | 9 |
| Alderbrook | $3,795 | $900 | 18 |
Cheapest Available Federal Way Apartments for Rent
The cheapest available apartment rental in Federal Way, WA is a 2 Beds unit found at Villa Capri in the Woodmont neighborhood priced from $978. Terra in the Alderbrook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,225. Here is today’s list of the most affordable Federal Way apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villa Capri | 2 Bedroom | 2BR,1BA | $978 |
| Terra | 1x1 | 1BR,1BA | $1,225 |
| Meridian Court Senior Affordable Apartments | A03 | 1BR,1BA | $1,250 |
| Cove East | Oak | 2BR,1BA | $1,285 |
| Timber Heights | 1 Bed | 1BR,1BA | $1,295 |
Best Value Apartments for Rent in Federal Way, WA
As of January 26, 2026 the best value apartment in the Federal Way area is the $1.92 price per square foot 2525 S 288th St Model at 2525 S 288th St, Unit 3 in the in the Woodmont neighborhood starting from $2,695. The second greatest value Federal Way apartment is the C1 Model at Glen Park At West Campus starting at $2,532 with a $1.96 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. |
|---|---|---|---|
| 2525 S 288th St, Unit 3 | 2525 S 288th St | 3BR,2.5BA | $1.92 |
| Glen Park At West Campus | C1 | 3BR,2.5BA | $1.96 |
| Enchanted Woods | 3x2 Upper Floor Premium | 3BR,2BA | $1.53 |
| Pacific Heights | 254 2X2 M | 2BR,2BA | $1.62 |
| Watermark | Bonney | 2BR,2BA | $1.83 |
| Uptown Square | Armstrong | 1BR,1BA | $1.76 |
| The Park at Fife | 2x1 Deluxe | 1BR,1BA | $1.92 |
| Kitts Corner | Athens | 1BR,1BA | $1.93 |
| Cove East | Oak | 2BR,1BA | $1.61 |
| Terra | 1x1 | 1BR,1BA | $1.76 |
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
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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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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 $905 to $3,585. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Way ranging from $775 to $4,099.
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 $775 to $4,099 with an average monthly rent of $2,685.
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 $3,585, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,595 to $3,850. Four Bedroom Single-Family rentals are also available starting from $2,975 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
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
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.
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.
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.