
Cheap Apartments for Rent in the Twin Lakes Neighborhood of Federal Way, WA from $800 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Twin Lakes area of Federal Way.


ReNew Dash Point

Sunset Three Twenty
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.

Panther Lake Apartments

Greystone Meadows

2739 SW 347th Pl
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.
Twin Lakes, Federal Way, WA Local Guide

How much does it cost to rent an apartment in Twin Lakes?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Twin Lakes Studio Apartments | $1,703 | $1,561 | $1,846 |
Twin Lakes 1 Bedroom Apartments | $1,695 | $1,300 | $2,335 |
Twin Lakes 2 Bedroom Apartments | $2,114 | $1,525 | $2,746 |
Twin Lakes 3 Bedroom Apartments | $2,370 | $1,800 | $3,102 |
Twin Lakes 4 Bedroom Apartments | $3,504 | $3,049 | $3,960 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Twin Lakes Neighborhood of Federal Way, WA.
See all Apartments in Federal WayExplore Federal Way
Twin Lakes, Federal Way, WA Local Guide
- Nearby Federal Way neighborhoods
- Nearby Cities
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Cheapest Available Twin Lakes Apartments for Rent
 The cheapest available apartment rental in the Twin Lakes area of Federal Way, WA is a 1 Bed unit found at Pavilion priced from $1,472. Panther Lake Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,495. Here are the most affordable Twin Lakes apartments for rent in Federal Way, WA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Pavilion | Metro | 1BR,1BA | $1,472 |
Panther Lake Apartments | One Bedroom Flat | 1BR,1BA | $1,495 |
Greystone Meadows | 1x1 S | 1BR,1BA | $1,499 |
Northview Terrace | 1BR/1.0BA | 1BR,1BA | $1,500 |
Cedar Gardens Apartments | 1BR/1.0BA | 1BR,1BA | $1,525 |
Best Value Apartments for Rent in Twin Lakes, WA
As of June 25, 2025 the best value apartment in the Twin Lakes area is the $2.22 price per square foot Fairwood Model at Arcadia Townhomes in the in the Alderbrook neighborhood starting from $2,550. The second greatest value Twin Lakes apartment is the C1 Model at ReNew Dash Point starting at $2,015 with a $1.83 price per square foot in the Redondo neighborhood. Here is today’s list of the best values for Twin Lakes apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Arcadia Townhomes | Fairwood | 3BR,2BA | $2.22 |
ReNew Dash Point | C1 | 3BR,1BA | $1.83 |
Trellis Apartments | Cherry | 2BR,2BA | $2.30 |
Bayview Apartment Homes | 2 Bed 1 Bath | 2BR,1BA | $2.21 |
Sunset Three Twenty | 2 Bed - 1 Bath (Renovated) | 2BR,1BA | $2.20 |
Terra | 2x1 | 2BR,1BA | $2.10 |
Glen Park At West Campus | A2 | 1BR,1BA | $2.00 |
Panther Lake Apartments | One Bedroom Flat | 1BR,1BA | $2.14 |
Pavilion | Metro | 1BR,1BA | $2.11 |
Northview Terrace | 1BR/1.0BA | 1BR,1BA | $2.21 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleTwin Lakes, Federal Way, WA
Ranked #10
Among neighborhoods in Federal Way, WA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Twin Lakes, Federal Way, WA
Olympic View Elementary School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Federal Way. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, transit availability, pet-friendly communities, places to raise kids, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Twin Lakes Neighborhood in Federal Way, WA
Walk Score®
22 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
19 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
26 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Twin Lakes Apartments
How much is rent for a Cheap One Bedroom Twin Lakes Apartment?
The lowest price for a Cheap One Bedroom Twin Lakes Apartment is $1,472 at Pavilion.
What is the lowest price for a Cheap Two Bedroom Twin Lakes Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Twin Lakes is starting from $1,625 at Panther Lake Apartments.
What is the most affordable Twin Lakes Three Bedroom Apartment?
The best deal on a cheap Twin Lakes Three Bedroom Apartment rental is at ReNew Dash Point and starts from $2,015.
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.