Cheap Apartments for Rent in the Laurelwood Neighborhood of Federal Way, WA from $700 (31 Rentals)

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

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Avana Star Lake
$1,302 - $2,533
Total Monthly Price

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$1,302 - $2,533
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1 to 3 Bedroom Apartments Available Now

Avana Star Lake

2211 S STAR LAKE RdFederal Way, WA 98003
Family Friendly
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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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Villa Capri
1 to 3 Bedroom Apartments

Villa Capri

28621 25th Pl SFederal Way, WA 98003
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Soundview
1 to 2 Bedroom Apartments

Soundview

28425 18th Ave SFederal Way, WA 98003
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Laurelwood Gardens
2 to 4 Bedroom Apartments

Laurelwood Gardens

29505 21st Ave SFederal Way, WA 98003

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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Redondo Ridge
2 Bedroom Apartments

Redondo Ridge

30323-30331 15th Ct SFederal Way, WA 98003

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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Avana West Hill
$1,662 - $2,359
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$1,662 - $2,359
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1 to 3 Bedroom Apartments Available Now

Avana West Hill

24849 46th Ave SKent, WA 98032
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Ethos
Rent Specials
$1,696 - $2,956
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$1,696 - $2,956
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Studio to 3 Bedroom Apartments Available Now

Ethos

2200 W Meeker StKent, WA 98032
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Showing Results 1-31, Page 1 of 1

Laurelwood, Federal Way, WA Local Guide

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 Villa Capri priced from $749. Traditions at Federal Way Senior Living has the second lowest priced unit, which is a Studio apartment currently listed from $1,075. Here are the most affordable Laurelwood apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Villa Capri1 Bedroom1BR,1BA$749
Traditions at Federal Way Senior LivingStudio - SpruceStudio,1BA$1,075
La Madera ApartmentsStudio at 60% Utilities CoveredStudio,1BA$1,299
Avana Star LakeA11BR,1BA$1,302
Crestview West ApartmentsStudio 1 Bath S2Studio,1BA$1,311
Meridian Court Senior Affordable ApartmentsB12BR,1BA$1,382
Ridge & ShoresA11BR,1BA$1,413
Tree PointeOne Bedroom1BR,1BA$1,425
THE BLVD2 Bed 1 Bath2BR,1BA$1,515
Arbor Woods Apartments1BR/1.0BA1BR,1BA$1,525

Best Value Apartments for Rent in Laurelwood, WA

As of May 14, 2026 the best value apartment in the Laurelwood area is the $1.47 price per square foot 28803 46th Pl S Model at 28803 46th Pl S, Unit 1 in the in the Woodmont neighborhood starting from $2,500. The second greatest value Laurelwood apartment is the Fountainside Model at Fountain Lake Townhomes starting at $2,750 with a $2.01 price per square foot in the Meredith neighborhood. Here is today’s list of the best values for Laurelwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
28803 46th Pl S, Unit 128803 46th Pl S3BR,1BA$1.47
Fountain Lake TownhomesFountainside3BR,2.5BA$2.01
Ridge & ShoresC13BR,2BA$2.18
THE BLVD2 Bed 1 Bath2BR,1BA$1.59
Tree PointeTwo Bedroom Two Bath2BR,2BA$2.08
Mariposa2 Bed, 1.5 Bath A (60% Income Restricted)2BR,1.5BA$1.89
Uptown SquareArmstrong1BR,1BA$1.82
The Lodge at Peasley Canyon2 Bedroom 1 Bath Plan Spruce2BR,1BA$2.05
Villa Capri2 Bedroom2BR,1BA$1.92
Greystone Meadows1x1 L1BR,1BA$2.15

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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Pet Friendly Lifestyle
Laurelwood, Federal Way, WA

Ranked #7

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,525.

What is the price of a cheap apartment in Laurelwood?

The cheapest apartment in Laurelwood is Villa Capri which is listed at $749, while the average apartment in Laurelwood costs $2,569.

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 62 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 $1,035 which is $1,534 cheaper than the average rent for all rentals in Laurelwood.

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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.

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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.