
Cheap Apartments for Rent in the Laurelwood Neighborhood of Federal Way, WA from $600 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Laurelwood area of Federal Way.


Meridian Court Senior Affordable Apartments

La Madera Apartments

Crestview West Apartments

Total Monthly Price
Avana Star Lake
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.

Traditions at Federal Way Senior Living

Riverstone Apartments

Villa Capri

29326 32nd Pl S

THE BLVD
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.
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 | $1,470 | $1,285 | $1,650 |
| Laurelwood 1 Bedroom Apartments | $1,582 | $600 | $2,180 |
| Laurelwood 2 Bedroom Apartments | $1,937 | $1,299 | $2,787 |
| Laurelwood 3 Bedroom Apartments | $2,452 | $1,973 | $2,897 |
| Laurelwood 4 Bedroom Apartments | $2,380 | $2,300 | $2,500 |
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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Villa Capri has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. 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 |
| Villa Capri | 1 Bedroom | 1BR,1BA | $1,275 |
| THE BLVD | Studio | Studio,1BA | $1,285 |
Best Value Apartments for Rent in Laurelwood, WA
As of March 30, 2026 the best value apartment in the Laurelwood area is the $1.65 price per square foot 28803 46th Pl S Model at 28803 46th Pl S, Unit 1 in the in the Woodmont neighborhood starting from $2,800. The second greatest value Laurelwood apartment is the Fountainside Model at Fountain Lake Townhomes starting at $2,700 with a $1.98 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 28803 46th Pl S, Unit 1 | 28803 46th Pl S | 3BR,1BA | $1.65 |
| Fountain Lake Townhomes | Fountainside | 3BR,2.5BA | $1.98 |
| Providence Landing | 2 Bed 2 Bath | 2BR,2BA | $1.78 |
| The Lodge at Peasley Canyon | 2 Bedroom 2 Bath Plan Cedar A | 2BR,2BA | $2.03 |
| Mariposa | 2 Bed, 1.5 Bath A (60% Income Restricted) | 2BR,1.5BA | $1.95 |
| Uptown Square | Armstrong | 1BR,1BA | $1.77 |
| Greystone Meadows | 2x1 | 2BR,1BA | $2.06 |
| Arbor Woods Apartments | 2BR/1.0BA | 2BR,1BA | $2.18 |
| Tree Pointe | One Bedroom | 1BR,1BA | $2.07 |
| Villa Capri | 1 Bedroom | 1BR,1BA | $1.96 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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 #8
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 the Cheapest Studio apartment in Laurelwood?
Currently the most affordable Cheap Studio Apartment in Laurelwood is at THE BLVD listed at $1,285.
How much is rent for a Cheap One Bedroom Laurelwood Apartment?
The lowest price for a Cheap One Bedroom Laurelwood Apartment is $1,199 at Meridian Court Senior Affordable Apartments.
What is the lowest price for a Cheap Two Bedroom Laurelwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Laurelwood is starting from $1,299 at Meridian Court Senior Affordable Apartments.
What is the most affordable Laurelwood Three Bedroom Apartment?
The best deal on a cheap Laurelwood Three Bedroom Apartment rental is at Avana Star Lake and starts from $1,973.
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

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.

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.

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.

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.