
Cheap Apartments for Rent in the Laurelwood Neighborhood of Federal Way, WA from $1,000 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Laurelwood area of Federal Way.


Avana Star Lake

Arbor Woods Apartments

Crestview West Apartments

Traditions at Federal Way Senior Living
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.

La Madera Apartments

View at the Lake

Mariposa
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.

29326 32nd Pl S

Cottonwood

Kently Pointe Apartments
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.
Laurelwood, Federal Way, WA Local Guide

How much does it cost to rent an apartment in Laurelwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Laurelwood Studio Apartments | $1,578 | $1,299 | $2,000 |
Laurelwood 1 Bedroom Apartments | $1,636 | $1,095 | $3,961 |
Laurelwood 2 Bedroom Apartments | $1,986 | $1,285 | $2,632 |
Laurelwood 3 Bedroom Apartments | $2,500 | $2,016 | $3,156 |
Laurelwood 4 Bedroom Apartments | $2,452 | $2,452 | $2,452 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 1 mile radius of the Laurelwood Neighborhood of Federal Way, WA.
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Laurelwood, Federal Way, WA Local Guide
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Cheapest Available Laurelwood Apartments for Rent
 The cheapest available apartment rental in the Laurelwood area of Federal Way, WA is a 1 Bed unit found at Meridian Court Senior Affordable Apartments priced from $1,250. Crestview West Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,311. Here are the most affordable Laurelwood apartments for rent in Federal Way, WA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Meridian Court Senior Affordable Apartments | A05 | 1BR,1BA | $1,250 |
Crestview West Apartments | Studio 1 Bath S2 | Studio,1BA | $1,311 |
Arbor Woods Apartments | Classic 1 Bedroom | 1BR,1BA | $1,325 |
Traditions at Federal Way Senior Living | Studio | Studio,1BA | $1,333 |
Avana Star Lake | A2 | 1BR,1BA | $1,351 |
Best Value Apartments for Rent in Laurelwood, WA
As of July 21, 2025 the best value apartment in the Laurelwood area is the $1.99 price per square foot 3 Bedroom 2 Bath Plan Hemlock Model at The Lodge at Peasley Canyon in the in the Jovita neighborhood starting from $2,350. The second greatest value Laurelwood apartment is the Bonney Model at Watermark starting at $1,903 with a $1.83 price per square foot in the Jovita neighborhood. Here is today’s list of the best values for Laurelwood apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Lodge at Peasley Canyon | 3 Bedroom 2 Bath Plan Hemlock | 3BR,2BA | $1.99 |
Watermark | Bonney | 2BR,2BA | $1.83 |
Brookside Village | 2x2_1026 | 2BR,2BA | $1.95 |
Greystone Meadows | 2x2 | 2BR,2BA | $1.86 |
Mariposa | 2 Bed, 1.5 Bath (60% Income Restricted) | 2BR,1.5BA | $1.96 |
Uptown Square | Armstrong | 1BR,1BA | $1.76 |
Portofino Apartments | Model 2 | 2BR,2BA | $2.21 |
Timber Heights | 2 Bedroom Standard Remodeled, Balcony No W/D | 2BR,1BA | $2.12 |
Redondo Heights I | 1 Bedroom 1 Bathroom (S.S) | 1BR,1BA | $1.95 |
View at the Lake | 1x1 | 1BR,1BA | $1.99 |
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.
Pet Friendly LifestyleLaurelwood, Federal Way, WA
Ranked #6
Among neighborhoods in Federal Way, WA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Laurelwood Apartments
What is a cheap apartment in Laurelwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Laurelwood is under $1,495.
What is the price of a cheap apartment in Laurelwood?
The cheapest apartment in Laurelwood is Meridian Court Senior Affordable Apartments which is listed at $1,250, while the average apartment in Laurelwood costs $2,668.
What types of apartments are the cheapest in Laurelwood?
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 43 regular apartments in Laurelwood 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 Laurelwood?
Cheap apartments in Laurelwood have an average cost of $1,192 which is $1,476 cheaper than the average rent for all rentals in Laurelwood.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.