27022 47th Ave S
KentWA98032
Cheap Homes for Rent in Federal Way, WA from $800 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Federal Way.
518 S 321st St
Federal WayWA98003
2811 SW 337th St
Federal WayWA98023
2811 SW 337th St
Federal WayWA98023
Seattle's Best Affordable Neighborhoods
Learn about Seattle, WA and the best places to live with original content written by our Local Expert Sharon Stallings
2811 SW 337th St
Federal WayWA98023
37245 39th Ave S
AuburnWA98001
31003 14th Ave S
Federal WayWA98003
29326 32nd Pl S
AuburnWA98001
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
700 SW 368th St
Federal WayWA98023
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Federal Way, WA Local Guide
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 | $2,139 | $1,750 | $2,800 |
| Federal Way 3 Bedroom Homes for Rent | $2,976 | $2,000 | $3,799 |
| Federal Way 4 Bedroom Homes for Rent | $3,419 | $2,695 | $4,250 |
| Federal Way 6 Bedroom Homes for Rent | $5,200 | $5,200 | $5,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Federal Way, WA Local Guide
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Cheapest Neighborhoods for Apartments in Federal Way, WA
Pricing Updated: 07/26/2026Current apartment rentals in the Federal Way, WA area range in price from $960 to $3,351 with an overall median price of $2,574. The three Federal Way neighborhoods with the lowest median rent pricing are Twin Lakes at $1,401, Alderbrook at $960, and Campus Highlands at $960. 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 |
|---|---|---|---|
| Twin Lakes | $2,372 | $1,401 | 106 |
| Alderbrook | $2,549 | $960 | 143 |
| Campus Highlands | $2,549 | $960 | 219 |
| Enchanted Village | $2,549 | $1,399 | 123 |
| Madrona | $2,549 | $960 | 203 |
| Adelaide | $2,550 | $960 | 171 |
| Kitts Corner | $2,550 | $960 | 135 |
| Lakota | $2,550 | $960 | 93 |
| Mirror Lake | $2,550 | $960 | 131 |
| West Campus | $2,550 | $960 | 50 |
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 $935. Willow Green Village in the West Fife neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. 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 | $935 |
| Willow Green Village | 1X1 Renovated | 1BR,1BA | $1,150 |
| Terra | Studio | Studio,1BA | $1,200 |
Best Value Apartments for Rent in Federal Way, WA
As of July 26, 2026 the best value apartment in the Federal Way area is the $1.79 price per square foot 3 Bed 2 Bath Model at Providence Landing in the in the Jovita neighborhood starting from $2,310. The second greatest value Federal Way apartment is the 2 BR/ 1 BA Model at Lake Apartments starting at $1,295 with a $1.08 price per square foot in the Redondo 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. |
|---|---|---|---|
| Providence Landing | 3 Bed 2 Bath | 3BR,2BA | $1.79 |
| Lake Apartments | 2 BR/ 1 BA | 2BR,1BA | $1.08 |
| 1800 11th Ave, Unit C | 1800 11th Ave | 2BR,1.5BA | $1.74 |
| Glen Park At West Campus | B4 | 2BR,2BA | $1.72 |
| Mark Twain Apartments | 2 x 1 Small | 2BR,1BA | $1.47 |
| Campus View | TH1 | 2BR,1.5BA | $1.81 |
| Sunset Three Twenty | B2: 2 Bed 2 Bath | 2BR,2BA | $1.93 |
| Mariposa | 2 Bed, 1 Bath A (60% Income Restricted) | 2BR,1BA | $1.96 |
| Edgewood Heights | 1 Bedroom | 1BR,1BA | $1.96 |
| Crossroads at Meridian Apartments | Two Bedroom | 2BR,1BA | $1.96 |
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.
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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.
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Federal Way, WAPopulation: 97,044
Ranked #324
in US Census Population by City
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
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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 $960 to $3,351. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Way ranging from $895 to $5,200.
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 $895 to $5,200 with an average monthly rent of $2,682.
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 $1,467 to $3,351, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,799. Four Bedroom Single-Family rentals are also available starting from $2,695 and Four Bedroom Apartments start at $2,045.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.