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Steel Lake Plaza

2201 S 312th St, Federal Way, WA 98003 - King County

Apartment

1-2 beds

1-1.5 baths

725-874 sqft

No pets

In-unit laundry

About 2201 S 312th St

Thanks for checking out Steel Lake Plaza Apartments. We are a locally owned and professionally managed community in Federal Way, WA. Whether you want to walk over to Steel Lake Park, the Transit Center, or to the Commons Mall, everything is close and convenient to Steel Lake Plaza Apartment Homes. We offer large one- and two-bedroom apartment homes with a washer & dryer in each home. Our two-bedroom floorplan offers a fireplace and an additional half-bathroom. All homes have a patio/balcony with extra storage and include one assigned parking space in the rent. We have a great play area and are directly on a bus-line for schools and public transportation. All apartment homes have been updated with new appliances, a dishwasher and forced air heat for energy efficiency. Not to mention we're two minutes away from two I-5 on-ramps, talk about a quick commute. Come Live at Steel Lake Plaza and enjoy all that Federal Way has to offer at your fingertips. Amenities: Natural Lighting & Convenient Freeway Access.

92 days on RentalSource

RentalSource last checked: 12 hours ago · Listing updated: October 25, 2026

Managed by: Steel Lake Plaza · (253) 946-0817

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$1,799 - $1,975
Bedrooms:	1-2 beds
Bathrooms:	1-1.5 baths
Size:	725-874 sqft

Pets:	No
Laundry:	In unit
Parking:	Yes
Available:	Now
ID:	84097558

Amenities

Washer/Dryer In Unit
Parking
Dishwasher
24-Hour Maintenance
Balcony/Patio
Ceiling Fan
Fireplace
On-Site Management
Online Portal & Payments
Playground/Park
Public Transportation
Storage

Unit Rates

Name	Beds	Baths	Sqft	Rent
1 Bed	1	1	725	$1,799
258 2x1.5b Reno	2	1.5	874	$1,975

Additional Details

Steel Lake Plaza at 2201 S 312th St in Federal Way, WA 98003 has 1- to 2-bedroom apartments for rent from $1,799 to $1,975 a month. They have 1 to 1.5 bathrooms and 725 to 874 square feet. Steel Lake Plaza was advertised by Steel Lake Plaza on July 30, 2026.

Affordability Calculator

Can I afford to live at 2201 S 312th St?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$71,960 /year

With your chosen rent-to-income ratio, an annual income of $71,960 is recommended to comfortably afford this 1-bedroom rental priced at $1,799 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Apartment for rent

$1,799 - $1,975

Rent Affordability Calculator

Interested in 2201 S 312th St?

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Property managed by:

Steel Lake Plaza

(253) 946-0817

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.