Cheap Homes for Rent in Federal Way Neighborhood of Kent, WA from $700 (15 Rentals)

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

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.

property at 37245 39th Ave S

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375

Total Monthly Price
$1,375

Studio, 1 Bath Home for Rent

Available Now

37245 39th Ave S

AuburnWA98001

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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.

property at 33711 37th Pl SW

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

Studio, 1 Bath Home for Rent

Available Now

33711 37th Pl SW

Federal WayWA98023

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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.

Cheapest Available Federal Way Apartments for Rent

 

The cheapest available apartment rental in the Federal Way area of Kent, WA is a 1 Bed unit found at Koz at the Dome priced from $604. Tacoma Flats has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Federal Way apartments for rent in Kent, WA:

Apartment ListingModel NameBed/BathPriced From
Koz at the Dome1 Bedroom 1 Bath1BR,1BA$604
Tacoma FlatsSnoqualmieStudio,1BA$899
Analog TacomaStudio, 1 BathroomStudio,1BA$1,018
AV LoftsStudio BStudio,1BA$1,053
Chelsea ApartmentsStudioStudio,1BA$1,099

Best Value Apartments for Rent in Federal Way, WA

As of June 21, 2026 the best value apartment in the Federal Way area is the $1.09 price per square foot 2 Bed 2 Bath Model at Victorian in the in the Theatre District neighborhood starting from $2,500. The second greatest value Federal Way apartment is the 3x3.5 Model at Kandila Townhomes starting at $3,000 with a $1.61 price per square foot in the Jovita neighborhood. Here is today’s list of the best values for Federal Way apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Victorian2 Bed 2 Bath2BR,1BA$1.09
Kandila Townhomes3x3.53BR,3.5BA$1.61
Providence Landing3 Bed 2 Bath3BR,2BA$1.79
Lake Apartments2 BR/ 1 BA2BR,1BA$1.08
Glen Park At West CampusB12BR,1.5BA$1.80
Lake Chalet2 Bed 1 Bath Large Loft2BR,1BA$1.86
Park at Dashpoint ApartmentsCypress 2x22BR,2BA$1.82
Christine Apartments3BR/1.0BA3BR,1BA$1.65
The Arbors in Pacific2BR/1.0BA2BR,1BA$1.69
Koz at the Dome1 Bedroom 1 Bath1BR,1BA$1.26

Frequently Asked Questions about Federal Way

What type of rentals are currently available in Federal Way?

There are currently 453 Apartments for Rent in Federal Way, WA with pricing that ranges from $564 to $12,559. There are also 96 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Way ranging from $700 to $5,800.

What is the current price range for Rental Homes in Federal Way?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Federal Way ranges from $700 to $5,800 with an average monthly rent of $3,013.

How much are larger Three and Four Bedroom Rentals in Federal Way?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Federal Way range from $1,467 to $12,559, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $5,800. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $2,045.

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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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.