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Cheap Apartments for Rent in the Laurelwood Neighborhood of Federal Way, WA from $500 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Laurelwood area of Federal Way.
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Rent Specials
$1,199 - $1,6851 to 2 Bedroom Apartments Available Now
Meridian Court Senior Affordable Apartments
31420 23rd Ave SFederal Way, WA 98003
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Rent Specials
$1,243 - $2,3931 to 3 Bedroom Apartments Available Now
Avana Star Lake
2211 S STAR LAKE RdFederal Way, WA 98003
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$1,311 - $2,039Studio to 2 Bedroom Apartments Available Now
Crestview West Apartments
27912 Pacific Hwy SFederal Way, WA 98003
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$1,375 - $2,005Studio to 3 Bedroom Apartments Available Now
La Madera Apartments
28620 Pacific Hwy SFederal Way, WA 98003
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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Rent Specials
$1,399 - $2,043Studio to 2 Bedroom Apartments Available Now
Traditions at Federal Way Senior Living
31701 Pete Von Reichbauer WayFederal Way, WA 98003
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Rent Specials
$1,299 - $1,860Studio to 2 Bedroom Apartments Available Now
THE BLVD
2136 S 272nd StKent, WA 98032
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$1,400 - $2,0281 to 2 Bedroom Apartments Available Now
The Village at Newport
2500 S 272nd StKent, WA 98032
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.
Showing Results 1-10, Page 1 of 1
Laurelwood, Federal Way, WA Local Guide
Dedication of Downtown Flag and Veterans Way by Darel Roa Photography is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Laurelwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Laurelwood Studio Apartments | $1,471 | $1,299 | $1,601 |
| Laurelwood 1 Bedroom Apartments | $1,607 | $550 | $2,154 |
| Laurelwood 2 Bedroom Apartments | $1,981 | $1,626 | $2,987 |
| Laurelwood 3 Bedroom Apartments | $2,492 | $1,943 | $2,903 |
| Laurelwood 4 Bedroom Apartments | $2,274 | $2,102 | $2,452 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 1 mile radius of the Laurelwood Neighborhood of Federal Way, WA.
See all Apartments in Federal WayExplore Federal Way
Laurelwood, Federal Way, WA Local Guide
- Nearby Federal Way neighborhoods
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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 $1,199. Avana Star Lake has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,243. 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 | A06 | 1BR,1BA | $1,199 |
| Avana Star Lake | A2 | 1BR,1BA | $1,243 |
| THE BLVD | Studio | Studio,1BA | $1,299 |
Best Value Apartments for Rent in Laurelwood, WA
As of December 08, 2025 the best value apartment in the Laurelwood area is the $1.74 price per square foot Joplin Model at Uptown Square in the in the West Campus neighborhood starting from $2,400. 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. |
|---|---|---|---|
| Uptown Square | Joplin | 4BR,2BA | $1.74 |
| Watermark | Bonney | 2BR,2BA | $1.83 |
| The Lodge at Peasley Canyon | 2 Bedroom 2 Bath Plan Cedar A | 2BR,2BA | $2.03 |
| Mariposa | 2 Bed, 1.5 Bath (60% Income Restricted) | 2BR,1.5BA | $1.96 |
| Tree Pointe | Two Bedroom One Bath | 2BR,1BA | $2.03 |
| Greystone Meadows | 2x1 | 2BR,1BA | $2.06 |
| Soundview | 2 Bedroom | 2BR,1BA | $2.15 |
| Portofino Apartments | Model 2 | 2BR,2BA | $2.21 |
| Kently Pointe Apartments | 1 Bed 1 Bath (A) | 1BR,1BA | $2.09 |
| Villa Capri | 1 Bedroom | 1BR,1BA | $2.07 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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Pet Friendly LifestyleLaurelwood, Federal Way, WA
Ranked #4
Among cities in Washington 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 $1,460.
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 $1,199, 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 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 $1,427 which is $1,241 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
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.