33640 27th Pl SW
Federal WayWA98023
Cheap Homes for Rent in Twin Lakes Neighborhood of Federal Way, WA from $1,000 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Twin Lakes area of Federal Way.
33020 10th Ave SW, Unit Y101, Unit Y101
33020 10th Ave SW
Federal WayWA98023
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
33711 37th Pl SW
Federal WayWA98023
1836 SW 318th Pl
Federal WayWA98023
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.
Showing Results 1-4, Page 1 of 1
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 3 Bedroom Homes for Rent | $2,983 | $2,370 | $3,415 |
| Twin Lakes 4 Bedroom Homes for Rent | $3,549 | $2,850 | $5,750 |
| Twin Lakes 5 Bedroom Homes for Rent | $4,195 | $4,195 | $4,195 |
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 4 rentals with your search options within a 2 mile radius of the Twin Lakes Neighborhood of Federal Way, WA.
Explore Federal Way
Twin Lakes, Federal Way, WA Local Guide
- Nearby Federal Way neighborhoods
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Best Value Apartments for Rent in Twin Lakes, WA
As of May 07, 2026 the best value apartment in the Twin Lakes area is the $2.18 price per square foot C1 Model at Ridge & Shores in the in the West Campus neighborhood starting from $2,600. The second greatest value Twin Lakes apartment is the Fairwood Model at Arcadia Townhomes starting at $2,410 with a $2.10 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. |
|---|---|---|---|
| Ridge & Shores | C1 | 3BR,2BA | $2.18 |
| Arcadia Townhomes | Fairwood | 3BR,2BA | $2.10 |
| Greystone Meadows | 3x2 S | 3BR,2BA | $1.98 |
| Align Apartments | Residence 2 | 2BR,2BA | $2.06 |
| Rai Apartments | 2x1 | 2BR,1BA | $2.08 |
| Northview Terrace | 2BR/1.0BA | 2BR,1BA | $2.08 |
| Sunset Three Twenty | 2 Bed - 1 Bath (Renovated) | 2BR,1BA | $2.03 |
| Cedar Gardens Apartments | 2BR/1.0BA | 2BR,1BA | $2.16 |
| Glen Park At West Campus | A1 | 1BR,1BA | $1.99 |
| Panther Lake Apartments | Two Bedroom Junior | 2BR,1BA | $2.03 |
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 Article
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.
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.
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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
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 45 Apartments for Rent in Twin Lakes, WA with pricing that ranges from $1,350 to $3,619. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Twin Lakes ranging from $1,050 to $5,750.
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 $1,050 to $5,750 with an average monthly rent of $2,799.
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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.