2609 S 272nd St
KentWA98032
Cheap Homes for Rent in Laurelwood Neighborhood of Federal Way, WA from $1,500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Laurelwood area of Federal Way.
2613 S 272nd St
KentWA98032
2500 S 286th Pl
Federal WayWA98003
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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$2,0002 Bedroom Apartments Available Now
1737 S 305th Pl, Unit 4
1737 S 305th PlFederal Way, WA 98003
1839 S 286th Ln
Federal WayWA98003
29307 32nd Pl S
AuburnWA98001
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.
2516 S 286th Pl
Federal WayWA98003
Showing Results 1-7, Page 1 of 1
Laurelwood, Federal Way, WA Local Guide
How much does it cost to rent a home in Laurelwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Laurelwood 2 Bedroom Homes for Rent | $1,947 | $1,795 | $2,100 |
| Laurelwood 3 Bedroom Homes for Rent | $2,850 | $2,100 | $3,650 |
| Laurelwood 4 Bedroom Homes for Rent | $3,150 | $3,150 | $3,150 |
| Laurelwood 6 Bedroom Homes for Rent | $5,500 | $5,500 | $5,500 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 $1,200. Lake Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,295. 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 | A07 | 1BR,1BA | $1,200 |
| Lake Apartments | 2 BR/ 1 BA | 2BR,1BA | $1,295 |
| Crestview West Apartments | Studio 1 Bath S2 | Studio,1BA | $1,311 |
Best Value Apartments for Rent in Laurelwood, WA
As of June 21, 2026 the best value apartment in the Laurelwood area is the $1.79 price per square foot 3 Bed 2 Bath Model at Providence Landing in the in the Jovita neighborhood starting from $2,310. The second greatest value Laurelwood apartment is the 2 BR/ 1 BA Model at Lake Apartments starting at $1,295 with a $1.08 price per square foot in the Redondo 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. |
|---|---|---|---|
| Providence Landing | 3 Bed 2 Bath | 3BR,2BA | $1.79 |
| Lake Apartments | 2 BR/ 1 BA | 2BR,1BA | $1.08 |
| Ridge & Shores | C1 | 3BR,2BA | $2.17 |
| Brookhaven Apartments | Two Bedroom Two Bath | 2BR,2BA | $2.10 |
| Mariposa | 2 Bed, 1 Bath A (60% Income Restricted) | 2BR,1BA | $1.96 |
| Uptown Square | Bolden | 1BR,1BA | $2.13 |
| Watermark | Kitsap | 1BR,1BA | $2.23 |
| Soundview | 1 Bedroom | 1BR,1BA | $2.25 |
| Villa Capri | 1 Bedroom | 1BR,1BA | $2.07 |
| The BLVD | 1 Bedroom 80 Percent AMI | 1BR,1BA | $2.08 |
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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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.
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Pet Friendly LifestyleLaurelwood, Federal Way, WA
Ranked #7
Among cities in Washington for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Laurelwood
What type of rentals are currently available in Laurelwood?
There are currently 54 Apartments for Rent in Laurelwood, WA with pricing that ranges from $1,111 to $3,164. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Laurelwood ranging from $1,500 to $5,500.
What is the current price range for Rental Homes in Laurelwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Laurelwood ranges from $1,500 to $5,500 with an average monthly rent of $2,989.
How much are larger Three and Four Bedroom Rentals in Laurelwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Laurelwood range from $1,467 to $3,164, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $3,650. Four Bedroom Single-Family rentals are also available starting from $3,150 and Four Bedroom Apartments start at $2,427.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.