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$1,350 - $1,8001 to 3 Bedroom Apartments Available Now
Maplewood
4519 SW 321st StFederal Way, WA 98023
Cheap Apartments for Rent in the Twin Lakes Neighborhood of Federal Way, WA from $800 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Twin Lakes area of Federal Way.
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1 to 3 Bedroom Apartments
Westboro Apartments
32930 1st Ave SFederal 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 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
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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1 to 2 Bedroom Apartments
Campus Landing Apartments
32420 1st Ln SWFederal Way, WA 98023
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Twin Lakes, Federal Way, WA Local Guide
Dedication of Downtown Flag and Veterans Way by Darel Roa Photography is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Twin Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Twin Lakes Studio Apartments | $1,875 | $1,875 | $1,875 |
| Twin Lakes 1 Bedroom Apartments | $1,718 | $1,350 | $2,510 |
| Twin Lakes 2 Bedroom Apartments | $1,906 | $1,500 | $2,900 |
| Twin Lakes 3 Bedroom Apartments | $2,364 | $1,800 | $3,014 |
Browse Apartments in this Neighborhood
There are currently 5 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 $1,194. Maplewood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. 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 | $1,194 |
| Maplewood | 1B 1B | 1BR,1BA | $1,350 |
| Sunset Three Twenty | 1 Bed - 1 Bath | 1BR,1BA | $1,437 |
Best Value Apartments for Rent in Twin Lakes, WA
As of January 15, 2026 the best value apartment in the Twin Lakes area is the $1.97 price per square foot C1 Model at Glen Park At West Campus in the in the West Campus neighborhood starting from $2,552. The second greatest value Twin Lakes apartment is the Residence 3 Model at Align Apartments starting at $2,449 with a $2.09 price per square foot in the New Tacoma 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. |
|---|---|---|---|
| Glen Park At West Campus | C1 | 3BR,2.5BA | $1.97 |
| Align Apartments | Residence 3 | 3BR,2BA | $2.09 |
| Arcadia Townhomes | Alderwood | 2BR,2.5BA | $2.08 |
| Northview Terrace | 2BR/1.0BA | 2BR,1BA | $2.02 |
| Bayview Apartment Homes | 2 Bed 1 Bath | 2BR,1BA | $2.03 |
| Terra | 2x1 | 2BR,1BA | $1.76 |
| The Ridge and The Shores | Vale | 1BR,1BA | $2.10 |
| Encore Apartment Homes | 1x1 A | 1BR,1BA | $2.16 |
| Panther Lake Apartments | One Bedroom Flat | 1BR,1BA | $2.14 |
| Maplewood | 1B 1B | 1BR,1BA | $2.09 |
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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The 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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Pet Friendly LifestyleTwin Lakes, Federal Way, WA
Ranked #14
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
Federal Way School District
Public School - Grades PK-5 (423)
2 out of 10
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 $1,194 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 $1,481 at Terra.
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 $1,915.
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
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!