
Cheap Homes for Rent in Laurelwood Neighborhood of Federal Way, WA from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Laurelwood area of Federal Way.


31003 14th Ave S

2605 S 272nd St
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.

31003 14th Ave S

28422 16th Ave S, Unit 4a
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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 3 Bedroom Homes for Rent | $2,914 | $2,597 | $3,100 |
Laurelwood 4 Bedroom Homes for Rent | $3,175 | $3,150 | $3,200 |
Laurelwood 5 Bedroom Homes for Rent | $4,400 | $4,400 | $4,400 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 2 Beds unit found at Meridian Court Senior Affordable Apartments priced from $1,299. Crestview West Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,311. 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 | B1 | 2BR,1BA | $1,299 |
Crestview West Apartments | Studio 1 Bath S2 | Studio,1BA | $1,311 |
Arbor Woods Apartments | Classic 1 Bedroom | 1BR,1BA | $1,325 |
Best Value Apartments for Rent in Laurelwood, WA
As of June 28, 2025 the best value apartment in the Laurelwood area is the $1.76 price per square foot Armstrong Model at Uptown Square in the in the West Campus neighborhood starting from $1,588. The second greatest value Laurelwood apartment is the 2x1 Model at Greystone Meadows starting at $1,799 with a $2.06 price per square foot in the Alderbrook 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 | Armstrong | 1BR,1BA | $1.76 |
Greystone Meadows | 2x1 | 2BR,1BA | $2.06 |
Timber Heights | 2 Bedroom Standard Remodeled, Balcony No W/D | 2BR,1BA | $2.12 |
Mariposa | 1 Bed, 1 Bath (60% Income Restricted) | 1BR,1BA | $1.94 |
The Lodge at Peasley Canyon | 1 Bedroom 1 Bath | 1BR,1BA | $2.18 |
Watermark | Kitsap | 1BR,1BA | $2.20 |
Redondo Heights I | 1 Bedroom 1 Bathroom (S.S) | 1BR,1BA | $1.78 |
View at the Lake | 1x1 | 1BR,1BA | $1.99 |
Kently Pointe Apartments | 1 Bed 1 Bath (A) | 1BR,1BA | $2.05 |
Meridian Court Senior Affordable Apartments | B1 | 2BR,1BA | $2.00 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Laurelwood
What type of rentals are currently available in Laurelwood?
There are currently 57 Apartments for Rent in Laurelwood, WA with pricing that ranges from $999 to $3,961. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Laurelwood ranging from $775 to $4,400.
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 $775 to $4,400 with an average monthly rent of $2,931.
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 $2,077 to $3,005, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,597 to $3,100. Four Bedroom Single-Family rentals are also available starting from $3,150 and Four Bedroom Apartments start at $2,452.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.