Homes for Rent in Federal Way, WA

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What to Know About

Life in Federal Way & Beyond

Federal Way shares many of the great qualities that make Washington a desirable place to live.

Washington is home to the famous Cascade Mountains and the Olympic Mountains mountain range. From its breathtaking landscapes to its thriving economy, there's something for everyone in this vibrant state. First, explore its rich history and culture by visiting museums such as the Museum of Pop Culture and the Burke Museum of Natural History & Culture. Then, take your education to the next level at prestigious universities like the University of Washington and Washington State. Washington's economy is diverse and robust, driven by key industries such as technology, agriculture, and manufacturing.

There's no shortage of ample opportunities for adventure and excitement. From exploring the stunning trails of Mount Rainier National Park to fishing in the picturesque Puget Sound, nature enthusiasts will be in their element. And sports fans will enjoy cheering for Seattle Seahawks (NFL), Seattle Kraken (NFL), and Seattle Mariners (MLB) and supporting their favorite college teams. Discover famous attractions like the Space Needle, the Pike Place Market, and the historic city of Seattle.

A hub of innovation and creativity, Washington is a great state offering endless opportunities, which makes it a great place to live.

Rental Market Trends

Federal Way, WA

As of August 2025, Federal Way's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Federal Way's average rent is 2.0% ($36) higher than the Washington average of $1,829 and 4.2% ($75) higher than the U.S. average of $1,790.

Average Rent
$1,865
Monthly ChangeMonth Over Month Change
Increased13.3% ($219)
Yearly ChangeYear Over Year Change
Increased7.6% ($132)
Avg. Days on MarketAverage Days on Market
45
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,517 Increased0.1% ($1) Decreased4.2% ($66)
2 Beds $1,774 Increased0.3% ($5) Decreased1% ($18)
3 Beds $3,031 Increased2.5% ($73) Increased14.4% ($381)
Nearby Cities Average Rent Avg. Rent vs. Federal WayAverage Rent vs. Federal Way Avg. Days on MarketAverage Days on Market
Pacific $1,912 Increased2.5% ($47) 32 days
Auburn $1,652 Decreased11.4% ($213) 22 days
Fife $1,680 Decreased9.9% ($185) 33 days
Kent $1,823 Decreased2.3% ($42) 23 days
Sumner $1,773 Decreased4.9% ($92) 31 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Federal Way Rental Market FAQs

Explore rental prices, market trends, and availability in Federal Way, WA.

The average rent in Federal Way, WA is $1,865 per month.
Homes in Federal Way typically rent for between $1,062 and $3,940 per month, with an average of $1,865 per month.
In Federal Way, the average rent for a 1-bedroom home is $1,517 per month, for a 2-bedroom home, $1,774 per month, and a 3-bedroom home is $3,031 per month.
The average rent in Federal Way is 4.2% ($75) higher than the national average of $1,790 per month.
The average rent in Federal Way has increased by 13.3% ($219) in the last month and increased by 7.6% ($132) over the past year.
The rental market in Federal Way, WA, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Federal Way, WA, the average rental stays on the market for approximately 45 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 37 rental properties available in Federal Way, WA.
Based on the current averages, a household would need an annual income of $70,960 to comfortably afford a 2-bedroom home in Federal Way.
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