Cheap Apartments for Rent in the Laurelwood Neighborhood of Federal Way, WA from $900 (14 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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Villa Capri
1 to 3 Bedroom Apartments

Villa Capri

28621 25th Pl SFederal Way, WA 98003

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Showing Results 1-14, 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 2 Beds unit found at Villa Capri priced from $935. Meridian Court Senior Affordable Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Laurelwood apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Villa Capri2 Bedroom2BR,1BA$935
Meridian Court Senior Affordable ApartmentsA031BR,1BA$1,250
Avana Star LakeA21BR,1BA$1,296
THE BLVDStudioStudio,1BA$1,299
La Madera ApartmentsStudio at 60% Utilities CoveredStudio,1BA$1,299

Best Value Apartments for Rent in Laurelwood, WA

As of January 24, 2026 the best value apartment in the Laurelwood area is the $1.92 price per square foot 2525 S 288th St Model at 2525 S 288th St, Unit 3 in the in the Woodmont neighborhood starting from $2,695. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
2525 S 288th St, Unit 32525 S 288th St3BR,2.5BA$1.92
WatermarkBonney2BR,2BA$1.83
Brookside Village2x2_10232BR,2BA$2.15
Redondo RidgeTwo Bed2BR,1.5BA$2.17
Mariposa2 Bed, 1.5 Bath (60% Income Restricted)2BR,1.5BA$1.96
Uptown SquareArmstrong1BR,1BA$1.76
Portofino ApartmentsModel 22BR,2BA$2.21
Greystone Meadows1x1 L1BR,1BA$2.11
Tree PointeOne Bedroom1BR,1BA$2.07
Villa Capri1 Bedroom1BR,1BA$2.07

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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
Laurelwood, Federal Way, WA

Ranked #8

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 $1,409.

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 $2,404.

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 58 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 $1,014 which is $1,390 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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.