29326 32nd Pl S
AuburnWA98001
Cheap Homes for Rent in Federal Way, WA from $800 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Federal Way.
31182 3rd Ct S
Federal WayWA98003
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.
1844 S 250th Pl
Des MoinesWA98198
1844 S 250th Pl
Des MoinesWA98198
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2605 S 272nd St
KentWA98032
The Art of the Rental Viewing: What to look for during a property tour
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.
2621 S 272nd St, Unit 2
2621 S 272nd St
KentWA98032
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29645 18th Ave S
Federal WayWA98003
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6209 20th St E
FifeWA98424
32710 3rd Pl S
Federal WayWA98003
26242 33rd Ave S
KentWA98032
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
32812 22nd Ave SW
Federal WayWA98023
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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 | $2,292 | $1,850 | $2,540 |
| Federal Way 3 Bedroom Homes for Rent | $2,938 | $2,000 | $3,700 |
| Federal Way 4 Bedroom Homes for Rent | $3,422 | $2,750 | $4,600 |
| Federal Way 5 Bedroom Homes for Rent | $4,300 | $4,200 | $4,400 |
| Federal Way 6 Bedroom Homes for Rent | $3,950 | $3,950 | $3,950 |
Browse Top Homes for Rent in Federal Way
Explore Federal Way
Federal Way, WA Local Guide
- Federal Way Neighborhoods
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Cheapest Neighborhoods for Apartments in Federal Way, WA
Pricing Updated: 07/27/2025Current apartment rentals in the Federal Way, WA area range in price from $800 to $4,600 with an overall median price of $3,688. The three Federal Way neighborhoods with the lowest median rent pricing are West Campus at $2,000, Madrona at $2,760, and Enchanted Village at $2,700. 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 |
|---|---|---|---|
| West Campus | $2,750 | $2,000 | 1 |
| Madrona | $3,185 | $2,760 | 7 |
| Enchanted Village | $3,260 | $2,700 | 3 |
| Steel Lake | $3,264 | $800 | 1 |
| Kitts Corner | $3,437 | $880 | 6 |
| Campus Highlands | $3,497 | $3,349 | 3 |
| Alderbrook | $3,499 | $880 | 21 |
| Twin Lakes | $3,650 | $2,495 | 19 |
| Adelaide | $3,800 | $2,600 | 2 |
| Lakota | $3,800 | $880 | 16 |
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 $1,100. Avana Star Lake in the Woodmont neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,292. 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 | A01 | 1BR,1BA | $1,100 |
| Avana Star Lake | A1 | 1BR,1BA | $1,292 |
| Crestview West Apartments | Studio 1 Bath S2 | Studio,1BA | $1,311 |
| Arbor Woods Apartments | Classic 1 Bedroom | 1BR,1BA | $1,325 |
| Traditions at Federal Way Senior Living | Studio | Studio,1BA | $1,333 |
Best Value Apartments for Rent in Federal Way, WA
As of July 27, 2025 the best value apartment in the Federal Way area is the $1.72 price per square foot Meridian Model at Watermark in the in the Jovita neighborhood starting from $2,302. The second greatest value Federal Way apartment is the 3x2 S Model at Greystone Meadows starting at $2,149 with a $1.96 price per square foot in the Alderbrook 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. |
|---|---|---|---|
| Watermark | Meridian | 4BR,2BA | $1.72 |
| Greystone Meadows | 3x2 S | 3BR,2BA | $1.96 |
| Campus View | TH2 | 2BR,1.5BA | $1.83 |
| Pavilion | Trimonti | 2BR,2BA | $1.79 |
| Mariposa | 2 Bed, 1.5 Bath (60% Income Restricted) | 2BR,1.5BA | $1.96 |
| Uptown Square | Armstrong | 1BR,1BA | $1.76 |
| Edgewood Heights | 1 Bedroom | 1BR,1BA | $1.93 |
| Kitts Corner | Athens | 1BR,1BA | $1.93 |
| Redondo Heights I | 1 Bedroom 1 Bathroom (S.S) | 1BR,1BA | $1.95 |
| View at the Lake | 1x1 | 1BR,1BA | $1.99 |
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Frequently Asked Questions about Federal Way
What type of rentals are currently available in Federal Way?
There are currently 244 Apartments for Rent in Federal Way, WA with pricing that ranges from $905 to $3,961. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Way ranging from $800 to $4,600.
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 $800 to $4,600 with an average monthly rent of $3,042.
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 $3,398, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,700. Four Bedroom Single-Family rentals are also available starting from $2,750 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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.