
Cheap Homes for Rent in the Twin Lakes Neighborhood of Federal Way, WA from $1,000 (3 Rentals)
Search the lowest-cost Homes 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

2811 SW 337th St
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30812 16th Pl SW, Unit D
Twin Lakes, Federal Way, WA Local Guide

How much does it cost to rent a home in Twin Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Twin Lakes 2 Bedroom Homes for Rent | $2,062 | $1,750 | $2,375 |
| Twin Lakes 3 Bedroom Homes for Rent | $2,872 | $2,800 | $2,945 |
| Twin Lakes 4 Bedroom Homes for Rent | $3,241 | $3,049 | $3,375 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Twin Lakes Neighborhood of Federal Way, WA.
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Twin Lakes, Federal Way, WA Local Guide
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Best Value Homes for Rent in Twin Lakes, WA
As of September 23, 2026 the best value rental home in the Twin Lakes area is the $0.99 price per square foot Unit Model at Unit in the Alderbrook neighborhood starting from $2,375. The second greatest value Twin Lakes rental home is the 3802 SW 326th St Model at 3802 SW 326th St in the Twin Lakes neighborhood starting at $3,049 with a $2.06 price per square foot. Here is today’s list of the best values for Twin Lakes homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Unit | Unit | 2BR, 1BA | $0.99 |
| 3802 SW 326th St | 3802 SW 326th St | 4BR, 1.5BA | $2.06 |
| 2650 SW 332nd Ct | 2650 SW 332nd Ct | 3BR, 1.5BA | $2.18 |
| 30812 16th Pl SW | 30812 16th Pl SW | 2BR, 1BA | $1.94 |
| 2811 SW 337th St | 2811 SW 337th St | 1BR, 1BA | $8.33 |
| 2811 SW 337th St | 2811 SW 337th St | 1BR, 1BA | $8.33 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
Frequently Asked Questions about Twin Lakes
What type of rentals are currently available in Twin Lakes?
There are currently 55 Apartments for Rent in Twin Lakes, WA with pricing that ranges from $960 to $3,059. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Twin Lakes ranging from $1,000 to $3,375.
What is the current price range for Rental Homes in Twin Lakes?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Twin Lakes ranges from $1,000 to $3,375 with an average monthly rent of $2,211.
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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.