Cheap Homes for Rent in the Federal Way Neighborhood of Kent, WA from $700 (26 Rentals)

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

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property at 3827 Nassau Ave NE

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

3827 Nassau Ave NE

TacomaWA98422

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 2500 S 286th Pl

$1,650 - $1,795

2 Bedroom Rentals

Available Now

2500 S 286th Pl

Federal WayWA98003

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Showing Results 1-26, 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. 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 DomeStudioStudio,1BA$564
Tacoma FlatsSnoqualmieStudio,1BA$899
Vintage Apartments0X1.CStudio,1BA$1,050
Pacific Crest Apartments0/1 500 '90Studio,1BA$1,099
Pinnacle PointStudio MicroStudio,1BA$1,099
Kensington and LauristonStudio - Fully RenovatedStudio,1BA$1,120
Cornus HouseStudio EconomyStudio,1BA$1,125
Pinnacle ApartmentsStudio-ADAStudio,1BA$1,140
Jefferson Yards Apartments0BR/1.0BAStudio,1BA$1,150
Oasis Apartments1BR/1.0BA1BR,1BA$1,195

Best Value Apartments for Rent in Federal Way, WA

As of August 08, 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 1601 Norpoint Way NE Model at 1601 Norpoint Way NE, Unit A starting at $2,500 with a $1.47 price per square foot in the New Tacoma 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
1601 Norpoint Way NE, Unit A1601 Norpoint Way NE2BR,2BA$1.47
Kitts CornerLondon4BR,2BA$1.79
Lake Apartments2 BR/ 1 BA2BR,1BA$1.08
1800 11th Ave, Unit C1800 11th Ave2BR,1.5BA$1.74
Pacific Heights254 2X2 T2BR,2BA$1.62
Mark Twain Apartments2 x 1 Small2BR,1BA$1.47
Lake Chalet2 Bed 1 Bath2BR,1BA$1.76
Arbor Chase2x12BR,1BA$1.57
522 E 32nd St2 Beds, 1 Baths2BR,1BA$1.71

Frequently Asked Questions about Federal Way

What type of rentals are currently available in Federal Way?

There are currently 461 Apartments for Rent in Federal Way, WA with pricing that ranges from $564 to $12,559. There are also 102 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Way ranging from $700 to $11,500.

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 $700 to $11,500 with an average monthly rent of $2,969.

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 $11,500. Four Bedroom Single-Family rentals are also available starting from $2,600 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.