29326 32nd Pl S
AuburnWA98001
Cheap Homes for Rent in Federal Way, WA from $1,000 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Federal Way.
2739 SW 347th Pl
Federal WayWA98023
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.
31003 14th Ave S, Unit C9
31003 14th Ave S
Federal WayWA98003
33020 10th Ave SW
Federal WayWA98023
2605 S 272nd St
KentWA98032
29409 35th Ave S
AuburnWA98001
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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.
6209 20th St E
FifeWA98424
2621 S 272nd St, Unit 2
2621 S 272nd St
KentWA98032
32710 3rd Pl S
Federal WayWA98003
533 S 323rd Pl
Federal WayWA98003
32902 26th Pl SW
Federal WayWA98023
225 21st Pl SE
AuburnWA98002
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
1702 C St SE
AuburnWA98002
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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 | $2,231 | $2,000 | $2,550 |
| Federal Way 3 Bedroom Homes for Rent | $3,059 | $2,000 | $5,400 |
| Federal Way 4 Bedroom Homes for Rent | $3,512 | $2,800 | $4,600 |
| Federal Way 5 Bedroom Homes for Rent | $3,881 | $3,549 | $4,500 |
Browse Top Homes for Rent in Federal Way
Explore Federal Way
Federal Way, WA Local Guide
- Federal Way Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Federal Way, WA
Pricing Updated: 06/04/2025Current apartment rentals in the Federal Way, WA area range in price from $775 to $4,240 with an overall median price of $2,713. The three Federal Way neighborhoods with the lowest median rent pricing are Lakota at $860, Mirror Lake at $775, 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 |
|---|---|---|---|
| Lakota | $2,397 | $860 | 131 |
| Mirror Lake | $2,397 | $775 | 145 |
| Twin Lakes | $2,397 | $1,300 | 123 |
| Steel Lake | $2,398 | $775 | 96 |
| Adelaide | $2,400 | $1,350 | 69 |
| Laurelwood | $2,452 | $775 | 78 |
| Marine Hills | $2,452 | $999 | 84 |
| Redondo | $3,000 | $1,311 | 45 |
| Alderbrook | $3,017 | $860 | 158 |
| Campus Highlands | $3,017 | $1,381 | 121 |
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 Redondo neighborhood priced from $999. Avana Star Lake in the Woodmont neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,304. 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 | $999 |
| Avana Star Lake | A2 | 1BR,1BA | $1,304 |
| Crestview West | Studio 1 Bath S2 | Studio,1BA | $1,311 |
| Miro | 1 Bed 1 Bath | 1BR,1BA | $1,327 |
| Terra | 1x1 | 1BR,1BA | $1,336 |
Best Value Apartments for Rent in Federal Way, WA
As of June 04, 2025 the best value apartment in the Federal Way area is the $1.93 price per square foot B4 Model at Glen Park At West Campus in the in the West Campus neighborhood starting from $2,118. 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 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. |
|---|---|---|---|
| Glen Park At West Campus | B4 | 2BR,2BA | $1.93 |
| Campus View | TH2 | 2BR,1.5BA | $1.83 |
| Crosspointe | Two Bedroom Two Bath | 2BR,2BA | $1.95 |
| Edgewood Heights | 1 Bedroom | 1BR,1BA | $1.93 |
| Crossroads at Meridian Apartments | Two Bedroom | 2BR,1BA | $1.93 |
| 24431 27th Ave S, Unit 3 | 24431 27th Ave S | 2BR,1BA | $1.86 |
| Kitts Corner | Athens | 1BR,1BA | $1.93 |
| Uptown Square | Bolden | 1BR,1BA | $1.95 |
| Redondo Heights I | 1 Bedroom 1 Bathroom (S.S) | 1BR,1BA | $1.78 |
| Kently Pointe Apartments | 1 Bed 1 Bath (A) | 1BR,1BA | $1.96 |
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Frequently Asked Questions about Federal Way
What type of rentals are currently available in Federal Way?
There are currently 248 Apartments for Rent in Federal Way, WA with pricing that ranges from $775 to $7,039. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Way ranging from $1,000 to $5,400.
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 $1,000 to $5,400 with an average monthly rent of $2,840.
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 $7,039, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $5,400. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $2,397.
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 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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.