Cheap Homes for Rent in Federal Way Neighborhood of Kent, WA from $700 (21 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.

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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.

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

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Showing Results 1-21, Page 1 of 1

Cheapest Available Federal Way Apartments for Rent

 

The cheapest available apartment rental in the Federal Way area of Kent, WA is a Studio unit found at Koz at the Dome priced from $564. The Carlton has the second lowest priced unit, which is a Studio apartment currently listed from $965. Here are the most affordable Federal Way apartments for rent in Kent, WA:

Apartment ListingModel NameBed/BathPriced From
Koz at the DomeStudioStudio,1BA$564
The CarltonSmall StudioStudio,1BA$965
Vintage Apartments0X1.CStudio,1BA$1,000
Kensington and LauristonStudio - Fully RenovatedStudio,1BA$1,050
Edgecliff ApartmentsStudioStudio,1BA$1,050

Best Value Apartments for Rent in Federal Way, WA

As of May 07, 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 Modern 3 bedroom Townhomes with Garage starting at $2,800 with a $1.50 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
Modern 3 bedroom Townhomes with Garage3x3.53BR,3.5BA$1.50
28803 46th Pl S, Unit 128803 46th Pl S3BR,1BA$1.47
Pacific Heights254 2X2 M2BR,2BA$1.77
Mariposa2 Bed, 1.5 Bath C (60% Income Restricted)2BR,1.5BA$1.75
Campus View2L2BR,1BA$1.75
Arbor Chase2x12BR,1BA$1.59
Traditions at Federal Way Senior Living2 Bedroom, 1 Bathroom2BR,1BA$1.44
THE BLVD2 Bed 1 Bath2BR,1BA$1.59
Refreshed 2 bed 1 bath in the City of Pacific! Easy to Tour! (close to trails!)2BR/1.0BA2BR,1BA$1.78

Frequently Asked Questions about Federal Way

What type of rentals are currently available in Federal Way?

There are currently 449 Apartments for Rent in Federal Way, WA with pricing that ranges from $564 to $6,044. There are also 99 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Way ranging from $725 to $6,500.

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 $725 to $6,500 with an average monthly rent of $2,762.

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 $6,044, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $6,500. Four Bedroom Single-Family rentals are also available starting from $2,850 and Four Bedroom Apartments start at $2,096.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.