Cheap Homes for Rent in the Mirror Lake Neighborhood of Federal Way, WA from $1,000 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in the Mirror Lake area of Federal Way.

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.

property at 31003 14th Ave S

$1,500 - $1,545

1 To 2 Bedroom Rentals

Available Now

31003 14th Ave S

Federal WayWA98003

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.

property at 2500 S 286th Pl

$1,650 - $1,795

2 Bedroom Rentals

Available Now

2500 S 286th Pl

Federal WayWA98003

Mirror Lake, Federal Way, WA Local Guide

Cheapest Available Mirror Lake Apartments for Rent

 

The cheapest available apartment rental in the Mirror Lake area of Federal Way, WA is a 1 Bed unit found at Meridian Court Senior Affordable Apartments priced from $1,250. Lake Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,295. Here are the most affordable Mirror Lake apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Meridian Court Senior Affordable ApartmentsA061BR,1BA$1,250
Lake Apartments2 BR/ 1 BA2BR,1BA$1,295
Crestview West ApartmentsStudio 1 Bath S2Studio,1BA$1,311

Best Value Apartments for Rent in Mirror Lake, WA

As of July 14, 2026 the best value apartment in the Mirror Lake area is the $2.06 price per square foot 4 Bedroom 2 Bath Model at Blue Ridge Apartments in the in the Woodmont neighborhood starting from $2,850. The second greatest value Mirror Lake apartment is the 3 Bed 2 Bath Model at Providence Landing starting at $2,310 with a $1.79 price per square foot in the Jovita neighborhood. Here is today’s list of the best values for Mirror Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Blue Ridge Apartments4 Bedroom 2 Bath4BR,2BA$2.06
Providence Landing3 Bed 2 Bath3BR,2BA$1.79
Lake Apartments2 BR/ 1 BA2BR,1BA$1.08
Mariposa2 Bed, 1 Bath A (60% Income Restricted)2BR,1BA$1.96
Uptown SquareArmstrong1BR,1BA$1.85
Glen Park At West CampusA21BR,1BA$1.90
Kitts CornerAthens1BR,1BA$2.07
Pacific Heights254 1X1 T1BR,1BA$2.03
Sunset Three TwentyA1: 1 Bed 1 Bath1BR,1BA$1.91
Campus View1L1BR,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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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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Quick 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.

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Frequently Asked Questions about Mirror Lake

What type of rentals are currently available in Mirror Lake?

There are currently 117 Apartments for Rent in Mirror Lake, WA with pricing that ranges from $960 to $3,349. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mirror Lake ranging from $1,000 to $5,200.

What is the current price range for Rental Homes in Mirror Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mirror Lake ranges from $1,000 to $5,200 with an average monthly rent of $3,171.

How much are larger Three and Four Bedroom Rentals in Mirror Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Mirror Lake range from $1,467 to $3,349, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $3,510. Four Bedroom Single-Family rentals are also available starting from $4,495 and Four Bedroom Apartments start at $2,502.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

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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.

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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.