Cheap Apartments for Rent in the Lakota Neighborhood of Federal Way, WA from $800 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakota area of Federal Way.

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.

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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.

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Westboro Apartments
1 to 3 Bedroom Apartments

Westboro Apartments

32930 1st Ave SFederal Way, WA 98023
  • Utilities Included
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Celebration Senior Living
1 to 2 Bedroom Apartments

Celebration Senior Living

1524 S 328th StFederal Way, WA 98003
Senior Living
  • Utilities Included

Cash 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.

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Parkway Apartments
1 to 2 Bedroom Apartments

Parkway Apartments

2206 SW 334th PlFederal Way, WA 98023
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The Commons
1 to 2 Bedroom Apartments

The Commons

190 S 334 StFederal Way, WA 98003
property at 31003 14th Ave S

$1,600 - $1,645

1 To 2 Bedroom Rentals

Available Now

31003 14th Ave S

Federal WayWA98003
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The Cove
1 to 2 Bedroom Apartments

The Cove

33131 1st Ave SWFederal Way, WA 98023
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Northview Terrace
1 to 2 Bedroom Apartments

Northview Terrace

1412 SW 312th StFederal Way, WA 98023

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.

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Redondo Ridge
2 Bedroom Apartments

Redondo Ridge

30323-30331 15th Ct SFederal Way, WA 98003
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The Fairways
Rent Specials
$1,510 - $2,574
Total Monthly Price

Total Monthly Price

Base Rent
$1,510 - $2,574
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1 to 3 Bedroom Apartments Available Now

The Fairways

4901 Fairwood Blvd NETacoma, WA 98422
Corporate Housing
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Showing Results 1-35, Page 1 of 1

Lakota, Federal Way, WA Local Guide

Cheapest Available Lakota Apartments for Rent

 

The cheapest available apartment rental in the Lakota area of Federal Way, WA is a 2 Beds unit found at Lake Apartments priced from $1,295. Bayview Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,399. Here are the most affordable Lakota apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Lake Apartments2 BR/ 1 BA2BR,1BA$1,295
Bayview Apartment Homes1 Bed 1 Bath A1BR,1BA$1,399
Panther Lake ApartmentsOne Bedroom Loft1BR,1BA$1,450
Sunset Three TwentyA1: 1 Bed 1 Bath1BR,1BA$1,452
The CommonsOne Bedroom1BR,1BA$1,485
Park at Dashpoint ApartmentsCedar 1x11BR,1BA$1,505
The FairwaysA11BR,1BA$1,510
ReNew Dash PointA21BR,1BA$1,529
Campus View1L1BR,1BA$1,550
Rai Apartments1x11BR,1BA$1,550

Best Value Apartments for Rent in Lakota, WA

As of July 10, 2026 the best value apartment in the Lakota area is the $1.08 price per square foot 2 BR/ 1 BA Model at Lake Apartments in the in the Redondo neighborhood starting from $1,295. The second greatest value Lakota apartment is the C1 Model at Ridge & Shores starting at $2,459 with a $2.07 price per square foot in the West Campus neighborhood. Here is today’s list of the best values for Lakota apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lake Apartments2 BR/ 1 BA2BR,1BA$1.08
Ridge & ShoresC13BR,2BA$2.07
Arcadia TownhomesFairwood3BR,2BA$2.14
Uptown SquareArmstrong1BR,1BA$1.85
Glen Park At West CampusA21BR,1BA$1.96
Kitts CornerAthens1BR,1BA$2.10
Panther Lake ApartmentsTwo Bedroom Junior2BR,1BA$2.16
Park at Dashpoint ApartmentsCedar 1x11BR,1BA$1.98
Campus View1L1BR,1BA$2.07
Sunset Three TwentyA1: 1 Bed 1 Bath1BR,1BA$1.94

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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Quick 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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Pet Friendly Lifestyle
Lakota, Federal Way, WA

Ranked #9

Among cities in Washington for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Lakota, Federal Way, WA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States, including Federal Way. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Lakota Apartments

What is the price of a cheap apartment in Lakota?

The cheapest apartment in Lakota is Bayview Apartment Homes which is listed at $1,399, while the average apartment in Lakota costs $2,602.

What types of apartments are the cheapest in Lakota?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Lakota that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lakota?

Cheap apartments in Lakota have an average cost of $1,446 which is $1,156 cheaper than the average rent for all rentals in Lakota.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.