Cheap Apartments for Rent in the Twin Lakes Neighborhood of Federal Way, WA from $800 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Twin Lakes area of Federal Way.

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Westboro Apartments
1 to 3 Bedroom Apartments

Westboro Apartments

32930 1st Ave SFederal Way, WA 98023
  • Utilities Included
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Parkway Apartments
1 to 2 Bedroom Apartments

Parkway Apartments

2206 SW 334th PlFederal Way, WA 98023
  • Utilities Included
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Terra
Studio to 2 Bedroom Apartments

Terra

2111 SW 352nd StFederal Way, WA 98023

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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.

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The Cove
1 to 2 Bedroom Apartments

The Cove

33131 1st Ave SWFederal Way, WA 98023
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Align Apartments
2 to 3 Bedroom Apartments

Align Apartments

35434-35434 25th Ave SWFederal Way, WA 98023
Corporate Housing
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Northview Terrace
1 to 2 Bedroom Apartments

Northview Terrace

1412 SW 312th StFederal Way, WA 98023
property at 3827 Nassau Ave NE

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

3827 Nassau Ave NE

TacomaWA98422
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The Fairways
Rent Specials
$1,576 - $2,342
Total Monthly Price

Total Monthly Price

Base Rent
$1,576 - $2,342

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Fairways

4901 Fairwood Blvd NETacoma, WA 98422
Corporate Housing
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Twin Lakes, Federal Way, WA Local Guide

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 ListingModel NameBed/BathPriced From
Terra1x11BR,1BA$1,292
Maplewood1B 1B1BR,1BA$1,375
Sunset Three TwentyA1: 1 Bed 1 Bath1BR,1BA$1,415
Glen Park At West CampusA11BR,1BA$1,437
Panther Lake ApartmentsOne Bedroom Loft1BR,1BA$1,450
Park at Dashpoint1 Bedroom, 1 full1BR,1BA$1,465
Bayview Apartment Homes1 Bed 1 Bath A1BR,1BA$1,475
ReNew Dash PointA21BR,1BA$1,489
Encore1 Bedroom, 1 full1BR,1BA$1,533
Ridge & ShoresA11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Align ApartmentsResidence 33BR,2BA$1.95
Park at Dashpoint3 Bedrooms, 2 full3BR,2BA$1.99
Arcadia TownhomesAlderwood2BR,2.5BA$2.03
Sunset Three TwentyB2: 2 Bed 2 Bath2BR,2BA$2.05
Terra2x12BR,1BA$1.92
Cedar Gardens Apartments2BR/1.0BA2BR,1BA$2.10
Glen Park At West CampusA11BR,1BA$1.78
Panther Lake ApartmentsTwo Bedroom Junior2BR,1BA$2.16
Ridge & ShoresA11BR,1BA$2.10
Maplewood1B 1B1BR,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.

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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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Pet Friendly Lifestyle
Twin Lakes, Federal Way, WA

Ranked #11

Among cities in Washington for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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

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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.

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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.

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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.

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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.