29326 32nd Pl S
AuburnWA98001
Cheap Homes for Rent in Laurelwood Neighborhood of Federal Way, WA from $700 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Laurelwood area of Federal Way.
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.
28707 13th Ave S
Federal WayWA98003
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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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 a home in Laurelwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Laurelwood 2 Bedroom Homes for Rent | $2,125 | $1,750 | $2,500 |
| Laurelwood 3 Bedroom Homes for Rent | $3,263 | $2,935 | $3,895 |
| Laurelwood 4 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
| Laurelwood 5 Bedroom Homes for Rent | $3,625 | $3,625 | $3,625 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in Laurelwood, WA
As of December 14, 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 |
| Mariposa | 2 Bed, 1.5 Bath (60% Income Restricted) | 2BR,1.5BA | $1.96 |
| Soundview | 2 Bedroom | 2BR,1BA | $2.15 |
| Portofino Apartments | Model 2 | 2BR,2BA | $2.21 |
| Greystone Meadows | 1x1 L | 1BR,1BA | $2.11 |
| Tree Pointe | One Bedroom | 1BR,1BA | $2.07 |
| Kently Pointe Apartments | 1 Bed 1 Bath (A) | 1BR,1BA | $2.22 |
| Signature Pointe | Spruce | 1BR,1BA | $2.25 |
| 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.
Read Article
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 Laurelwood
What type of rentals are currently available in Laurelwood?
There are currently 55 Apartments for Rent in Laurelwood, WA with pricing that ranges from $1,273 to $2,987. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Laurelwood ranging from $770 to $3,895.
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 $770 to $3,895 with an average monthly rent of $2,680.
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 $2,008 to $2,903, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,935 to $3,895. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,102.
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.