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Homes & Apartments for Rent in 98023

1-15 of 15 rentals

Condo for rent at 31500 33rd Place SW #D-103, Federal Way, WA 98023

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Featured

Managed by PURE HomeRiver Property Management of Washington

$1,695

Condo1 Bed1 Bath740 ft²

31500 33rd Place SW #D-103

Federal Way, WA 98023

This inviting home features a beautifully updated kitchen with stainless-steel appliances, plenty of cabinetry and ample workspace, along with a separate dining area perfect for everyday meals or entertaining. The cozy family room offers a wood-burning fireplace, creating the perfect space to relax, while the sliding glass door provides easy access to your private patio area. A newer washer and dryer are included for added convenience. Enjoy an impressive selection of community amenities, including an outdoor swimming pool, hot tub, fitness center, community center and children's playground.

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Updated - today

Managed by Encore Apartment Homes

$1,533 - $2,394

Apartment1-3 Beds1-2 Baths710-1,150 ft²

125 SW Campus Dr

Federal Way, WA 98023

Discover comfortable, convenient, quality apartment home living in the heart of scenic Puget Sound at Encore, centrally located in Federal Way, WA. Your new cozy residential neighborhood is ideally situated close to I-5 for easy access to Tacoma or Seattle, along with a wide variety of fantastic dining, shopping and recreation options. Choose from spacious one-, two- and three-bedroom floor plans, each with superior features like a private balcony or patio, plentiful extra storage to minimize clutter and in-home washer and dryer, with many homes offering upgraded kitchen appliances as well.

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Updated - this week

Managed by Haven Property Management

$2,950

House4 Beds2.5 Baths2,080 ft²

31624 12th Place SW

Federal Way, WA 98023

Application Pending. Well maintained home located on a cul-de-sac. This four bedroom and 2.5 baths has vaulted ceilings and new paint throughout. Modern Kitchen with open concept. New carpets and fenced backyard. Fireplace does not work and no pets at this time please. $150 Non Refundable Carpet Cleaning Fee and $100 Non Refundable Admin Fee Due at Move In. #1031. Fenced Yard, Attached garage, Hard Wood Floors, Refrigerator, Range/Oven, Dishwasher & None Included.

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Updated - yesterday

Managed by S. Lew & Associates

$1,465 - $2,345

Apartment1-3 Beds1-2 Baths513-1,235 ft²

31736 50th Lane SW

Federal Way, WA 98023

Live within walking distance to the beautiful, sparkling shores of Puget Sound, the peaceful wooded trails of Dash Point State Park, wildlife sanctuaries and so much more when you make The Park at Dashpoint your home. Fine dining and shopping options are also easily accessible just a short distance away, along with access to commuter highway routes, public transportation lines and some of the area's best schools. Nearby Tacoma offers even more opportunities for entertainment, nightlife and everyday errands.

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Updated - today

Managed by Coldwell Banker Commercial Danforth

$3,300

House4 Beds2.5 Baths1,920 ft²

3949 SW 317th St

Federal Way, WA 98023

Twin Lakes 4 Bedroom 2.5 Bathroom Rambler in Federal Way offers single-story living with four bedrooms and 2.5 bathrooms. The home backs up to the Twin Lakes golf course, providing pleasant green views. Located close to local schools, the property is convenient for daily errands and community amenities. This rambler blends comfortable interior living with easy outdoor access to the surrounding landscape. Twin Lakes, Single Story, Close To Schools, Backs Up To Twin Lakes Golf Course & Tenant is responsible for all utilities.

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Featured

Managed by WPM South

$1,750

Condo2 Beds1.5 Baths1,207 ft²

1906 SW 318th Place

Federal Way, WA 98023

Located in Tall Firs this super clean 1207 sq ft condo offers 2 Bedrooms / 1.75 bath with almost brand new carpet. Comes with dining table, but owner is willing to have it removed if necessary. The updated kitchen has ceramic tile floors, lovely wood cabinetry and matching black appliances. The spacious living room offers a wood burning fireplace with attractive brick front and wood mantle. Includes a separate utility room for full size washer and dryer. Tall firs offers a club house, outdoor pool, sauna, hot tub and athletic court.

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Featured

Managed by WPM South

$3,495

House4 Beds3 Baths2,200 ft²

36521 1st Place SW

Federal Way, WA 98023

The home is larger than expected 4 bedrooms and 3 bathrooms with three living spaces - A main living room, a Recreation room in the basement and a 3td area - a garage bonus room. Enter into the home and find a light and bright living area with vaulted ceilings and an open floor plan, the living room has a fireplace. The kitchen is nicely remodeled with hard surface countertops and great cabinet space. Off the dining room area is a slider to the large deck and access to the fenced rear yard with great space.

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Featured

Managed by Haven Property Management

$3,550

House4 Beds3 Baths2,150 ft²

31925 36th Ave SW

Federal Way, WA 98023

This recently renovated 4 bedroom, 3 bathroom home offers 2,150 square feet of updated, move-in ready living space in Federal Way's Twin Lakes area. The back of the property borders the golf course, giving you a quiet, green backdrop and no rear neighbors (golf course access not included). Basic lawn maintenance is included in the rent, so the yard stays looking great without the work. Please note the home does not include a washer or dryer. Conveniently located near schools, parks, shopping and commuter routes. No Pets Please. Rent: $3,600/month. Security deposit: $3,500.

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New - yesterday

Managed by Coldwell Banker Commercial Danforth

$2,800

House3 Beds2 Baths1,530 ft²

31509 39th Ave SW

Federal Way, WA 98023

3 Bedroom 2 Bath rambler located in Twin Lakes area, minutes from shopping centers, restaurants and entertainment. Pets are accepted on a case by case basis, There will be a refundable pet deposit required based on the size of the animal. New flooring in kitchen/family area, dining room and laundry. Spacious fence back yard. Pet Friendly.

1 / 10

Updated - today

Managed by Cedar Gardens Apartments

$1,550 - $1,800

Apartment1-2 Beds1 Bath643-832 ft²

2220 SW 337th Place

Federal Way, WA 98023

Welcome to Cedar Gardens Apartments where rest create the ideal place to live. Conveniently located in the heart of Federal Way with various amenities to choose from including Safeway, Fred Meyer, Costco, Winco, numerous local restaurants, cafes, parks, trails, lakes and Puget Sound's Dash Point State Park. Your new home here at Cedar Gardens has easy access to bus lines, highways, city facilities, community centers and schools. All apartment homes provide spacious bedrooms with wonderful closet space, natural lighting throughout the home and a washer and dryer in each unit for life's daily activities.

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Updated - today

Managed by Campus Landing Apartments

$1,800 - $2,050

Apartment1-2 Beds1 Bath750-980 ft²

32420 1st Lane SW

Federal Way, WA 98023

If you are looking for a quality apartment home to rent in Federal Way, Washington, make your destination the Campus Landing Apartments. Choose from three spacious 1 and 2 bedroom floor plans designed with comfort and convenience in mind. Each home is fully equipped with appliances, in-home washer and dryer and fireplace. Enjoy many wonderful amenities including a heated outdoor pool, indoor spa and steam sauna. Surrounded by beautiful, park-like grounds, Campus Landing's central location provides convenient access to shopping, dining, schools, services and area attractions, as well as quick access to the Freeway and commuter routes.

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Featured

Managed by Haven Property Management

$3,595

House4 Beds3 Baths2,515 ft²

34113 10th Court SW

Federal Way, WA 98023

This beautiful home in the Wynstone Community features a balcony with partial view of Mount Rainier. The charming high ceilings, cozy gas fireplace and functional granite counter-tops with updated appliances make this home a must-have. Plantation shutters convey an aura of luxury to the master bath's separate shower and bathtub, complete with double sinks and spacious walk-in closet. The added bonus room on the first floor complements the formal dining area making the design perfect for those who crave an open layout. $400 - Non-Refundable Carpet Cleaning Fee. $100 - Admin Fee. Rental Requirements: Minimum Credit Score 625.

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New - this week

Managed by Haven Property Management

$1,700

Apartment2 Beds2 Baths910 ft²

33020 10th Ave SW

Federal Way, WA 98023

Located in Federal Way, this top-floor 2-bedroom, 2-bath residence offers comfortable living with convenient amenities. The unit includes access to a cabana for outdoor relaxation and a detached garage for secure parking or storage. Positioned on the upper level, the home provides elevated views and added privacy. Well-suited for those seeking a straightforward, amenity-equipped property in the area. A club house with workout room, game room, hot tub, sauna, tanning and out door pool. Close to freeway and shopping. Non-refundable $100 Admin Fee Due at Move in. Water/Sewer/Garbage $100 flat fee per month. #1425.

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New - yesterday

Managed by Ziprent

$2,375

House2 Beds1 Bath2,410 ft²

33932 28th Place SW

Federal Way, WA 98023

This property is available. Please inquire on this site to schedule a showing. Discover this inviting split-level home located at 33932 28th Pl SW in Federal Way, Wa, offering convenient access to local parks like Dash Point State Park and Steel Lake Park, as well as major commuter routes for easy travel throughout the Puget Sound region. The property boasts excellent curb appeal with a well-maintained front yard, mature landscaping and a spacious two-car garage.

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Managed by Sunset 320

$1,657 - $1,995

Apartment1-2 Beds1-2 Baths

Sunset 320

1901 SW 320th St, Federal Way, WA 98023

Some take to big crowds in small places. But not you. Kick up your feet in up to 1,500 square feet at our Federal Way apartments. Entertain or wind down in our stylish social lounge and stretch your legs strolling the grounds through small hills, tall trees and open space. Tuck away from the big city buzz with easy access to Tacoma, Seattle and major shopping centers. Here at The Sunset Three Twenty, you get more room to live.

Viewing 1-15 of 15 rentals in 98023

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 September 2026, 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 7.3% ($131) lower than the Washington average of $1,804 and 7.5% ($135) lower than the U.S. average of $1,808.

Average Rent

$1,673

Monthly ChangeMonth Over Month Change

1.9% ($31)

Yearly ChangeYear Over Year Change

18.1% ($369)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,479	2% ($29)	2.8% ($42)
2 Beds	$1,699	0.4% ($7)	3.5% ($62)
3 Beds	$2,206	10.8% ($267)	25.7% ($765)

Nearby Cities	Average Rent	Avg. Rent vs. Federal WayAverage Rent vs. Federal Way	Avg. Days on MarketAverage Days on Market
Pacific	$1,723	3% ($50)	32 days
Auburn	$1,637	2.2% ($36)	22 days
Milton	$3,074	83.7% ($1401)	29 days
Fife	$1,933	15.5% ($260)	33 days
Kent	$1,644	1.7% ($29)	23 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.

What is the average rent in Federal Way, WA?

The average rent in Federal Way, WA is $1,673 per month.

What is the rental price range for homes in Federal Way, WA?

Homes in Federal Way typically rent for between $1,035 and $2,868 per month, with an average of $1,673 per month.

What is the average rent for different bedroom sizes in Federal Way, WA?

In Federal Way, the average rent for a 1-bedroom home is $1,479 per month, for a 2-bedroom home, $1,699 per month, and a 3-bedroom home is $2,206 per month.

How do rent prices in Federal Way, WA compare with the national average?

The average rent in Federal Way is 7.5% ($135) lower than the national average of $1,808 per month.

How have rent prices in Federal Way, WA changed recently?

The average rent in Federal Way has increased by 1.9% ($31) in the last month and decreased by 18.1% ($369) over the past year.

How competitive is the rental market in Federal Way, WA?

The rental market in Federal Way, WA, is currently stable, offering a predictable rental market where most units lease within a few weeks.

How long do rentals stay on the market in Federal Way, WA?

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.

How many rental properties are available in Federal Way, WA?

There are currently 40 rental properties available in Federal Way, WA.

Can I afford to rent a home in Federal Way, WA?

Based on the current averages, a household would need an annual income of $67,960 to comfortably afford a 2-bedroom home in Federal Way.