
Cheap Apartments for Rent in the Twin Lakes Neighborhood of Federal Way, WA from $800 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Twin Lakes area of Federal Way.


2811 SW 337th St

Maplewood

Sunset Three Twenty

Glen Park At West Campus

Panther Lake Apartments

Park at Dashpoint
Seattle's Best Affordable Neighborhoods
Learn about Seattle, WA and the best places to live with original content written by our Local Expert Sharon Stallings

ReNew Dash Point

Encore

Ridge & Shores

34018 1st Cir S

Cedardale

Greystone Meadows

34010 1st Cir S
Rent According to Income: A Look at Income-Restricted Rentals
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30812 16th Pl SW, Unit D

Rai Apartments

Westboro Apartments

Parkway Apartments

Terra

Campus Landing Apartments

Bayview Apartment Homes
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Cedar Gardens Apartments

The Cove

Align Apartments

Northview Terrace

1906 SW 318th Pl

3827 Nassau Ave NE

Total Monthly Price
The Fairways
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Norpoint 8
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 1 Bedroom Apartments | $1,642 | $1,375 | $2,299 |
| Twin Lakes 2 Bedroom Apartments | $1,967 | $1,499 | $2,850 |
| Twin Lakes 3 Bedroom Apartments | $2,318 | $1,800 | $3,349 |
| Twin Lakes 4 Bedroom Apartments | $3,950 | $2,400 | $5,500 |
Browse Apartments in this Neighborhood
There are currently 29 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
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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 Terra priced from $1,292. Maplewood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,375. Here are the most affordable Twin Lakes apartments for rent in Federal Way, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Terra | 1x1 | 1BR,1BA | $1,292 |
| Maplewood | 1B 1B | 1BR,1BA | $1,375 |
| Sunset Three Twenty | A1: 1 Bed 1 Bath | 1BR,1BA | $1,415 |
| Glen Park At West Campus | A1 | 1BR,1BA | $1,437 |
| Panther Lake Apartments | One Bedroom Loft | 1BR,1BA | $1,450 |
| Park at Dashpoint | 1 Bedroom, 1 full | 1BR,1BA | $1,465 |
| Bayview Apartment Homes | 1 Bed 1 Bath A | 1BR,1BA | $1,475 |
| ReNew Dash Point | A2 | 1BR,1BA | $1,489 |
| Encore | 1 Bedroom, 1 full | 1BR,1BA | $1,533 |
| Ridge & Shores | A1 | 1BR,1BA | $1,546 |
Best Value Apartments for Rent in Twin Lakes, WA
As of August 31, 2026 the best value apartment in the Twin Lakes area is the $1.95 price per square foot Residence 3 Model at Align Apartments in the in the New Tacoma neighborhood starting from $2,275. The second greatest value Twin Lakes apartment is the 3 Bedrooms, 2 full Model at Park at Dashpoint starting at $2,188 with a $1.99 price per square foot in the Twin Lakes 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. |
|---|---|---|---|
| Align Apartments | Residence 3 | 3BR,2BA | $1.95 |
| Park at Dashpoint | 3 Bedrooms, 2 full | 3BR,2BA | $1.99 |
| Arcadia Townhomes | Alderwood | 2BR,2.5BA | $2.03 |
| Sunset Three Twenty | B2: 2 Bed 2 Bath | 2BR,2BA | $2.05 |
| Terra | 2x1 | 2BR,1BA | $1.92 |
| Cedar Gardens Apartments | 2BR/1.0BA | 2BR,1BA | $2.10 |
| Glen Park At West Campus | A1 | 1BR,1BA | $1.78 |
| Panther Lake Apartments | Two Bedroom Junior | 2BR,1BA | $2.16 |
| Ridge & Shores | A1 | 1BR,1BA | $2.10 |
| Maplewood | 1B 1B | 1BR,1BA | $2.13 |
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 ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleTwin Lakes, Federal Way, WA
Ranked #11
Among cities in Washington 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!
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 $1,230 at Terra.
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 $1,503 at Sunset Three Twenty.
What is the most affordable Twin Lakes Three Bedroom Apartment?
The best deal on a cheap Twin Lakes Three Bedroom Apartment rental is at The Fairways and starts from $1,883.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.