Cheap Homes for Rent in Twin Lakes Neighborhood of Federal Way, WA from $1,900 (6 Rentals)

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

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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.

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.

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 $1,209. Maplewood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. Here are the most affordable Twin Lakes apartments for rent in Federal Way, WA:

Apartment ListingModel NameBed/BathPriced From
Terra1x11BR,1BA$1,209
Maplewood1B 1B1BR,1BA$1,350
Bayview Apartment Homes1 Bed 1 Bath B1BR,1BA$1,425

Best Value Apartments for Rent in Twin Lakes, WA

As of February 04, 2026 the best value apartment in the Twin Lakes area is the $1.99 price per square foot Brierwood Model at Arcadia Townhomes in the in the Alderbrook neighborhood starting from $2,600. The second greatest value Twin Lakes apartment is the C1 Model at Glen Park At West Campus starting at $2,532 with a $1.96 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Arcadia TownhomesBrierwood3BR,2.5BA$1.99
Glen Park At West CampusC13BR,2.5BA$1.96
Align ApartmentsResidence 12BR,1BA$2.05
Northview Terrace2BR/1.0BA2BR,1BA$1.96
Bayview Apartment Homes2 Bed 1 Bath2BR,1BA$1.95
Park at Dashpoint ApartmentsSierra 2x12BR,1BA$1.91
Encore Apartment Homes1x1 A1BR,1BA$2.02
Panther Lake ApartmentsOne Bedroom Flat1BR,1BA$2.14
Terra1x11BR,1BA$1.73
Maplewood1B 1B1BR,1BA$2.09

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick 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 Lifestyle
Twin Lakes, Federal Way, WA

Ranked #13

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Twin Lakes

What type of rentals are currently available in Twin Lakes?

There are currently 48 Apartments for Rent in Twin Lakes, WA with pricing that ranges from $1,350 to $3,495. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Twin Lakes ranging from $1,955 to $4,099.

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 $1,955 to $4,099 with an average monthly rent of $3,001.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.