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Cheap Homes for Rent in Twin Lakes Neighborhood of Federal Way, WA from $2,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Twin Lakes area of Federal Way.
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2947 58th Ave NE
TacomaWA98422
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.
32902 26th Pl SW, Unit Unit 1- Upper level
32902 26th Pl SW
Federal WayWA98023
2713 SW 327th St
Federal WayWA98023
2731 SW 332nd Ct
Federal WayWA98023
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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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 a home in Twin Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Twin Lakes 3 Bedroom Homes for Rent | $2,842 | $2,295 | $3,200 |
| Twin Lakes 4 Bedroom Homes for Rent | $3,222 | $2,699 | $3,695 |
| Twin Lakes 5 Bedroom Homes for Rent | $3,495 | $3,495 | $3,495 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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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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 Bayview Apartment Homes priced from $1,400. The Fairways has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,477. Here are the most affordable Twin Lakes apartments for rent in Federal Way, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bayview Apartment Homes | 1 Bed 1 Bath A | 1BR,1BA | $1,400 |
| The Fairways | A3 | 1BR,1BA | $1,477 |
| Panther Lake Apartments | One Bedroom Loft | 1BR,1BA | $1,495 |
Best Value Apartments for Rent in Twin Lakes, WA
As of October 25, 2025 the best value apartment in the Twin Lakes area is the $2.25 price per square foot C1 Model at The Fairways in the in the Alderbrook neighborhood starting from $2,512. The second greatest value Twin Lakes apartment is the Magnolia 3x2 Model at Park at Dashpoint Apartments starting at $2,158 with a $1.96 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Fairways | C1 | 3BR,2BA | $2.25 |
| Park at Dashpoint Apartments | Magnolia 3x2 | 3BR,2BA | $1.96 |
| The Ridge and The Shores | Driftwood | 2BR,1BA | $1.90 |
| Align Apartments | Residence 1 | 2BR,1BA | $2.16 |
| Encore Apartment Homes | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $2.07 |
| Northview Terrace | 2BR/1.0BA | 2BR,1BA | $2.02 |
| Sunset Three Twenty | 2 Bed - 1 Bath (Renovated) | 2BR,1BA | $2.23 |
| Cedar Gardens Apartments | 2BR/1.0BA | 2BR,1BA | $2.01 |
| Glen Park At West Campus | A1 | 1BR,1BA | $2.03 |
| Panther Lake Apartments | One Bedroom Loft | 1BR,1BA | $2.14 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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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Pet Friendly LifestyleTwin Lakes, Federal Way, WA
Ranked #6
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 $1,300 to $2,974. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Twin Lakes ranging from $2,295 to $3,695.
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 $2,295 to $3,695 with an average monthly rent of $3,186.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.