29326 32nd Pl S
AuburnWA98001
Cheap Homes for Rent in Federal Way, WA from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Federal Way.
24203 36th Ave S
KentWA98032
26117 20th Ave S
Des MoinesWA98198
33640 27th Pl SW
Federal WayWA98023
33640 27th Pl SW
Federal WayWA98023
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
31003 14th Ave S, Unit G03, Unit G03
31003 14th Ave S
Federal WayWA98003
33020 10th Ave SW, Unit Y101, Unit Y101
33020 10th Ave SW
Federal WayWA98023
25818 19th Ave S, Unit #2, Unit #2
25818 19th Ave S
Des MoinesWA98198
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$1,495Studio Apartments Available May 11
25818 19th Ave S, Unit 2
25818 19th Ave SDes Moines, WA 98198
1924 S 254th Pl
Des MoinesWA98198
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.
Showing Results 1-10, Page 1 of 1
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 | $2,079 | $1,795 | $2,500 |
| Federal Way 3 Bedroom Homes for Rent | $3,002 | $1,858 | $3,600 |
| Federal Way 4 Bedroom Homes for Rent | $3,481 | $2,850 | $5,250 |
| Federal Way 5 Bedroom Homes for Rent | $4,195 | $4,195 | $4,195 |
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
- Federal Way Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Federal Way, WA
Pricing Updated: 04/27/2026Current apartment rentals in the Federal Way, WA area range in price from $960 to $3,350 with an overall median price of $2,521. The three Federal Way neighborhoods with the lowest median rent pricing are Redondo at $999, Twin Lakes at $1,300, and Laurelwood at $999. 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 |
|---|---|---|---|
| Redondo | $2,333 | $999 | 123 |
| Twin Lakes | $2,363 | $1,300 | 103 |
| Laurelwood | $2,405 | $999 | 127 |
| Marine Hills | $2,405 | $960 | 144 |
| Adelaide | $2,474 | $960 | 147 |
| Lakota | $2,474 | $960 | 98 |
| Mirror Lake | $2,474 | $960 | 121 |
| Steel Lake | $2,474 | $960 | 156 |
| West Campus | $2,537 | $960 | 47 |
| Alderbrook | $2,673 | $960 | 150 |
Cheapest Available Federal Way Apartments for Rent
The cheapest available apartment rental in Federal Way, WA is a 1 Bed unit found at Villa Capri in the Woodmont neighborhood priced from $749. Meridian Court Senior Affordable Apartments in the Jovita neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable Federal Way apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villa Capri | 1 Bedroom | 1BR,1BA | $749 |
| Meridian Court Senior Affordable Apartments | A03 | 1BR,1BA | $999 |
| Terra | Studio | Studio,1BA | $1,230 |
Best Value Apartments for Rent in Federal Way, WA
As of April 27, 2026 the best value apartment in the Federal Way area is the $1.50 price per square foot 3x3.5 Model at Modern 3 bedroom Townhomes with Garage in the in the Jovita neighborhood starting from $2,800. The second greatest value Federal Way apartment is the 28803 46th Pl S Model at 28803 46th Pl S, Unit 1 starting at $2,800 with a $1.65 price per square foot in the Woodmont 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. |
|---|---|---|---|
| Modern 3 bedroom Townhomes with Garage | 3x3.5 | 3BR,3.5BA | $1.50 |
| 28803 46th Pl S, Unit 1 | 28803 46th Pl S | 3BR,1BA | $1.65 |
| Providence Landing | 3 Bed 2 Bath | 3BR,2BA | $1.79 |
| Pacific Heights | 254 2X2 M | 2BR,2BA | $1.77 |
| Traditions at Federal Way Senior Living | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.42 |
| Park at Dashpoint Apartments | Cypress 2x2 | 2BR,2BA | $1.67 |
| Uptown Square | Armstrong | 1BR,1BA | $1.82 |
| The Park at Fife | 2x1 Deluxe | 2BR,1BA | $1.87 |
| Villa Capri | 2 Bedroom | 2BR,1BA | $1.86 |
| Tree Pointe | One Bedroom | 1BR,1BA | $1.90 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 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
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.
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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
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Federal Way
What type of rentals are currently available in Federal Way?
There are currently 250 Apartments for Rent in Federal Way, WA with pricing that ranges from $960 to $3,350. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Way ranging from $725 to $5,250.
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 $725 to $5,250 with an average monthly rent of $2,562.
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 $3,259, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,858 to $3,600. Four Bedroom Single-Family rentals are also available starting from $2,850 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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.