27022 47th Ave S
KentWA98032
Cheap Homes for Rent in Federal Way, WA from $855 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Federal Way.
918 S 258th Pl
Des MoinesWA98198
2811 SW 337th St
Federal WayWA98023
2811 SW 337th St
Federal WayWA98023
2609 S 272nd St
KentWA98032
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
31003 14th Ave S
Federal WayWA98003
33020 10th Ave SW
Federal WayWA98023
30812 16th Pl SW, Unit D
30812 16th Pl SW
Federal WayWA98023
1906 SW 318th Pl
Federal WayWA98023
2500 S 286th Pl
Federal WayWA98003
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.
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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 | $1,940 | $1,700 | $2,600 |
| Federal Way 3 Bedroom Homes for Rent | $2,808 | $2,100 | $3,599 |
| Federal Way 4 Bedroom Homes for Rent | $3,484 | $2,900 | $4,500 |
| Federal Way 5 Bedroom Homes for Rent | $3,664 | $2,998 | $4,200 |
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: 09/10/2026Current apartment rentals in the Federal Way, WA area range in price from $960 to $4,000 with an overall median price of $1,770. The three Federal Way neighborhoods with the lowest median rent pricing are Redondo at $1,629, Laurelwood at $1,675, and Marine Hills at $1,745. 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 | $1,629 | $999 | 206 |
| Laurelwood | $1,675 | $999 | 210 |
| Marine Hills | $1,745 | $960 | 137 |
| Adelaide | $1,750 | $960 | 166 |
| Mirror Lake | $1,760 | $960 | 118 |
| Twin Lakes | $1,763 | $960 | 97 |
| Lakota | $1,778 | $960 | 102 |
| Alderbrook | $1,787 | $960 | 146 |
| Steel Lake | $1,787 | $999 | 30 |
| West Campus | $1,794 | $960 | 63 |
Cheapest Available Federal Way Apartments for Rent
The cheapest available apartment rental in Federal Way, WA is a Studio unit found at 27004-27030 47Th Ave S in the Woodmont neighborhood priced from $855. 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 |
|---|---|---|---|
| 27004-27030 47Th Ave S | 0BR/1.0BA | Studio,1BA | $855 |
| Meridian Court Senior Affordable Apartments | A03 | 1BR,1BA | $999 |
| Avana Star Lake | A1 | 1BR,1BA | $1,271 |
Best Value Apartments for Rent in Federal Way, WA
As of September 10, 2026 the best value apartment in the Federal Way area is the $1.97 price per square foot Greenwood Model at Arcadia Townhomes in the in the Alderbrook neighborhood starting from $2,750. The second greatest value Federal Way apartment is the London Model at Kitts Corner starting at $2,450 with a $1.79 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. |
|---|---|---|---|
| Arcadia Townhomes | Greenwood | 3BR,2.5BA | $1.97 |
| Kitts Corner | London | 4BR,2BA | $1.79 |
| Providence Landing | 3 Bed 2 Bath | 3BR,2BA | $1.79 |
| Lake Apartments | 2 BR/ 1 BA | 2BR,1BA | $1.21 |
| Pacific Heights | 254 2X2 T | 2BR,2BA | $1.62 |
| Park at Dashpoint | 3 Bedrooms, 2 full | 3BR,2BA | $1.99 |
| Mariposa | 2 Bed, 1 Bath A (60% Income Restricted) | 2BR,1BA | $1.96 |
| Align Apartments | Residence 1 | 2BR,1BA | $1.94 |
| Crossroads at Meridian Apartments | Two Bedroom | 2BR,1BA | $1.96 |
| Glen Park At West Campus | A1 | 1BR,1BA | $1.72 |
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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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.
Read ArticleReal 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
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Frequently Asked Questions about Federal Way
What type of rentals are currently available in Federal Way?
There are currently 260 Apartments for Rent in Federal Way, WA with pricing that ranges from $960 to $4,995. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Way ranging from $800 to $4,500.
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 $4,500 with an average monthly rent of $2,795.
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 $3,075, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $3,599. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $2,400.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.