33640 27th Pl SW
Federal WayWA98023
Cheap Apartments for Rent in the Twin Lakes Neighborhood of Federal Way, WA from $800 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Twin Lakes area of Federal Way.
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$1,300 - $2,2001 to 3 Bedroom Apartments Available Now
Maplewood
4519 SW 321st StFederal Way, WA 98023
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$1,425 - $2,1581 to 3 Bedroom Apartments Available Now
Park at Dashpoint Apartments
31736 SW 50th LnFederal Way, WA 98023
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$1,450 - $1,9501 to 2 Bedroom Apartments Available Now
Panther Lake Apartments
33 S 342nd PlFederal Way, WA 98003
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$1,474 - $2,771
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,437 - $2,734
Required Monthly Fees
$37
Total Monthly Price
$1,474 - $2,771
Greystone Meadows
31500 1st Ave SFederal Way, WA 98003
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$1,545 - $3,0071 to 3 Bedroom Apartments Available Now
Ridge & Shores
31912 3rd Ln SWFederal Way, WA 98023
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Rent Specials
$1,550 - $2,6121 to 3 Bedroom Apartments Available Now
Glen Park At West Campus
952 SW Campus DrFederal Way, WA 98023
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.
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$1,581 - $2,3941 to 3 Bedroom Apartments Available Now
Encore Apartment Homes
125 SW Campus DrFederal Way, WA 98023
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$1,599 - $2,8891 to 3 Bedroom Apartments Available Now
ReNew Dash Point
31004 19th Pl SWFederal Way, WA 98023
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Rent Specials
$1,602 - $2,899
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,381 - $2,678
Required Monthly Fees
$221
Total Monthly Price
$1,602 - $2,899
Sunset Three Twenty
1901 SW 320th StFederal Way, WA 98023
33020 10th Ave SW, Unit Y101
33020 10th Ave SW
Federal WayWA98023
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$1,7952 Bedroom Apartments Available Now
Cedar Gardens Apartments
2110 SW 337th PlFederal Way, WA 98023
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$1,799 - $2,5451 to 2 Bedroom Apartments Available Apr 6
Cedardale
2501 SW 336th StFederal Way, WA 98023
30812 16th Pl SW
Federal WayWA98023
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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Rent Specials
$1,850 - $3,210Studio to 2 Bedroom Apartments Available Now
Trouve
34816 1st Ave SouthFederal Way, WA 98003
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Rent Specials
$1,895 - $2,0502 Bedroom Apartments Available Now
Rai Apartments
110 S 329th PlFederal Way, WA 98003
31500 33rd Pl SW, Unit K103
31500 33rd Pl SW
Federal WayWA98023
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1 to 3 Bedroom Apartments
Westboro Apartments
32930 1st Ave SFederal Way, WA 98023
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1 to 2 Bedroom Apartments
Parkway Apartments
2206 SW 334th PlFederal Way, WA 98023
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Studio to 2 Bedroom Apartments
Terra
2111 SW 352nd StFederal Way, WA 98023
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1 to 2 Bedroom Apartments
Campus Landing Apartments
32420 1st Ln SWFederal Way, WA 98023
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.
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1 to 2 Bedroom Apartments
Northview Terrace
1412 SW 312th StFederal Way, WA 98023
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1 to 3 Bedroom Apartments
The Shores Apartments
31700 3rd Pl SWFederal Way, WA 98023
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1 to 2 Bedroom Apartments
The Cove
33131 1st Ave SWFederal Way, WA 98023
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2 to 3 Bedroom Apartments
Align Apartments
35434-35434 25th Ave SWFederal Way, WA 98023
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Studio to 2 Bedroom Apartments
Bayview Apartment Homes
30911 1st Ave SFederal Way, WA 98003
31500 33rd Pl SW
Federal WayWA98023
33020 10th Ave SW
Federal WayWA98023
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Rent Specials
$1,792 - $2,524
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,756 - $2,488
Required Monthly Fees
Varies
Total Monthly Price
Varies
The Fairways
4901 Fairwood Blvd NETacoma, WA 98422
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Studio Apartments
Norpoint 8 Apartments
3213-3219 49th Ave NETacoma, WA 98422
Showing Results 1-30, Page 1 of 1
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 | $1,955 | $1,955 | $1,955 |
| Twin Lakes 1 Bedroom Apartments | $1,752 | $1,350 | $2,395 |
| Twin Lakes 2 Bedroom Apartments | $1,969 | $1,625 | $2,899 |
| Twin Lakes 3 Bedroom Apartments | $2,486 | $1,800 | $3,241 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 30 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 Studio unit found at Terra priced from $1,233. Park at Dashpoint Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,425. Here are the most affordable Twin Lakes apartments for rent in Federal Way, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Terra | Studio | Studio,1BA | $1,233 |
| Park at Dashpoint Apartments | Juniper 1x1 | 1BR,1BA | $1,425 |
| Northview Terrace | 1BR/1.0BA | 1BR,1BA | $1,475 |
| Ridge & Shores | A1 | 1BR,1BA | $1,545 |
| Glen Park At West Campus | A1 | 1BR,1BA | $1,550 |
| ReNew Dash Point | A2 | 1BR,1BA | $1,599 |
| Sunset Three Twenty | 1 Bed - 1 Bath (Renovated) | 1BR,1BA | $1,602 |
| Panther Lake Apartments | Two Bedroom Junior | 2BR,1BA | $1,625 |
| Align Apartments | Residence 1 | 2BR,1BA | $1,699 |
| Maplewood | 2B 1B | 2BR,1BA | $1,700 |
Best Value Apartments for Rent in Twin Lakes, WA
As of April 03, 2026 the best value apartment in the Twin Lakes area is the $2.09 price per square foot Collingwood Model at Arcadia Townhomes in the in the Alderbrook neighborhood starting from $2,500. The second greatest value Twin Lakes apartment is the 3 Bedrooms, 2 Bathrooms Model at Encore Apartment Homes starting at $2,279 with a $1.98 price per square foot in the Alderbrook 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 | Collingwood | 2BR,2.5BA | $2.09 |
| Encore Apartment Homes | 3 Bedrooms, 2 Bathrooms | 3BR,2BA | $1.98 |
| Align Apartments | Residence 2 | 2BR,2BA | $2.01 |
| Greystone Meadows | 2x1 | 2BR,1BA | $2.00 |
| Bayview Apartment Homes | 2 Bed 1 Bath | 2BR,1BA | $2.15 |
| Maplewood | 2B 1B | 2BR,1BA | $2.01 |
| Cedar Gardens Apartments | 2BR/1.0BA | 2BR,1BA | $2.16 |
| Glen Park At West Campus | A1 | 1BR,1BA | $1.92 |
| Panther Lake Apartments | Two Bedroom Junior | 2BR,1BA | $2.03 |
| Sunset Three Twenty | 1 Bed - 1 Bath (Renovated) | 1BR,1BA | $2.14 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe 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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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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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Pet Friendly LifestyleTwin Lakes, Federal Way, WA
Ranked #12
Among cities in Washington for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Twin Lakes, Federal Way, WA
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
What is the price of a cheap apartment in Twin Lakes?
The cheapest apartment in Twin Lakes is Terra which is listed at $1,356, while the average apartment in Twin Lakes costs $2,434.
What types of apartments are the cheapest in Twin Lakes?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 11 regular apartments in Twin Lakes that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Twin Lakes?
Cheap apartments in Twin Lakes have an average cost of $258 which is $2,176 cheaper than the average rent for all rentals in Twin Lakes.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.