2811 SW 337th St
Federal WayWA98023
Cheap Homes for Rent in the Twin Lakes Neighborhood of Federal Way, WA from $1,000 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Twin Lakes area of Federal Way.
2811 SW 337th St
Federal WayWA98023
3827 Nassau Ave NE
TacomaWA98422
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
31500 33rd Pl
Federal WayWA98023
30812 16th Pl SW, Unit D
30812 16th Pl SW
Federal WayWA98023
30812 16th Pl SW, Unit D
30812 16th Pl SW
Federal WayWA98023
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.
30827 21st Ave SW
Federal WayWA98023
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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 | $1,816 | $1,750 | $1,950 |
| Twin Lakes 3 Bedroom Homes for Rent | $3,126 | $2,635 | $3,619 |
| Twin Lakes 4 Bedroom Homes for Rent | $3,221 | $2,600 | $3,795 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 7 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
- 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 $1,325. Sunset Three Twenty has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,384. 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 | $1,325 |
| Sunset Three Twenty | A1: 1 Bed 1 Bath | 1BR,1BA | $1,384 |
| The Fairways | A1 | 1BR,1BA | $1,430 |
Best Value Apartments for Rent in Twin Lakes, WA
As of August 08, 2026 the best value apartment in the Twin Lakes area is the $1.47 price per square foot 1601 Norpoint Way NE Model at 1601 Norpoint Way NE, Unit A in the in the New Tacoma neighborhood starting from $2,500. The second greatest value Twin Lakes apartment is the C1 Model at Glen Park At West Campus starting at $2,648 with a $2.04 price per square foot in the West Campus 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. |
|---|---|---|---|
| 1601 Norpoint Way NE, Unit A | 1601 Norpoint Way NE | 2BR,2BA | $1.47 |
| Glen Park At West Campus | C1 | 3BR,2.5BA | $2.04 |
| Sunset Three Twenty | C1: 3 Bed 2 Bath | 3BR,2BA | $2.05 |
| Align Apartments | Residence 3 | 3BR,2BA | $2.01 |
| Arcadia Townhomes | Fairwood | 3BR,2BA | $2.14 |
| The Norpoint 8 Apartments | 2BR/1.0BA | 2BR,1BA | $2.00 |
| Terra | 2x1 | 2BR,1BA | $1.96 |
| Panther Lake Apartments | Two Bedroom Junior | 2BR,1BA | $2.16 |
| Park at Dashpoint Apartments | Cedar 1x1 | 1BR,1BA | $1.97 |
| Ridge & Shores | A1 | 1BR,1BA | $2.14 |
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 LifestyleTwin Lakes, Federal Way, WA
Ranked #10
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
Frequently Asked Questions about Twin Lakes
What type of rentals are currently available in Twin Lakes?
There are currently 49 Apartments for Rent in Twin Lakes, WA with pricing that ranges from $1,383 to $5,500. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Twin Lakes ranging from $1,000 to $3,795.
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 $3,795 with an average monthly rent of $2,680.
How much are larger Three and Four Bedroom Rentals in Twin Lakes?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Twin Lakes range from $1,800 to $2,918, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,635 to $3,619. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $2,400.
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.
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.