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Homes & Apartments for Rent in Federal Way, WA

41-46 of 46 rentals

Apartment for rent at Panther Lake Lot 62, 34 S 342nd Place, Federal Way, WA 98003

1/7

Managed by Panther Lake Apartments

$1,795

Apartment2 Beds1 Bath1,000 ft²

Panther Lake Lot 62

34 S 342nd Place, Federal Way, WA 98003

2 Bedroom / 1 Bath. Washer & Dyer in each home. Wood-Burning Fireplace. Reserved covered parking. Adjacent to I-5 & all Major Conveniences. Water/Sewer/Garbage flat rate of $193 monthly. Move In Special: 1/2 Month Off With 1 Year Lease. Amenities: Range / Oven.

Townhouse for rent at 28902-28904 28th Place S, Federal Way, WA 98003

1/10

New 8 hours ago

Managed by Drexel Investments

$2,795

$2,955/mo with required fees

Townhouse3 Beds1.5 Baths1,145 ft²

28902-28904 28th Place S

Federal Way, WA 98003

This Federal Way duplex offers a thoughtfully designed living space with modern finishes throughout. The home features hardwood floors, quartz counters, shaker cabinets, and stainless steel appliances for a clean, updated look. Convenient washer/dryer hookups, an attached garage, and a powder room on the main level add everyday practicality. Residents can also take advantage of self tours, online applications, a tenant online portal, local management, and Zillow Verified listing details for added convenience during the leasing process. Amenities: Professionally Managed, Powder Room on Main, Self Showings, Close to Amenities & Hablamos Espanol.

1/8

New 2 days ago

Managed by FirstPoint Real Estate

$2,500

Apartment3 Beds2 Baths1,000 ft²

Xcel Fourplex

2524 S 286th, Federal Way, WA 98003

Come check out these new inside 4plex units. New laminate floors, doors, windows, paint, appliances. Three beds, 2 baths, beautiful finishes and washer/dryer in each unit. Shared garages. Private courtyards. Successful applicants will have: Verifiable income of $6250. Excellent landlord references. History of financial responsibility.

Apartment for rent at Panther Lake Lot 55, 24 S 341st Place, Federal Way, WA 98003

1/9

Managed by Panther Lake Apartments

$1,895

Apartment2 Beds1.5 Baths1,009 ft²

Panther Lake Lot 55

24 S 341st Place, Federal Way, WA 98003

Townhouse: 2 Bedroom / 1.5 bath. Washer & Dyer in each home. Wood-Burning Fireplace. Reserved covered parking. Adjacent to I-5 & all Major Conveniences. Water/Sewer/Garbage flat rate of $203 monthly. Move In Special: 1/2 Month Off With 1 Year Lease. Amenities: Range / Oven.

Townhouse for rent at 1040 S 320th St #19, Federal Way, WA 98003

1/5

Managed by Crown Partners Property Management

$2,500

Townhouse2 Beds1.5 Baths

1040 S 320th St #19

Federal Way, WA 98003

Spacious and Remodeled Townhouse in Federal Way Available NowAddress: 1040 S 320th St, Unit 19, Federal Way, WA 98003Rent: $2,500 per monthSecurity Deposit: $2,500Lease Term: 6 MonthsWelcome to this beautifully remodeled townhouse located in a quiet, safe, and welcoming community. Enjoy ultimate convenience with everything you need just minutes away. The home sits in a prime location close to shopping centers, a wide variety of restaurants, and major bus lines for an easy commute. Water, sewer, and garbage utilities are all included in your monthly rent. A dedicated covered parking space is also provided at no extra cost.

House for rent at 30426 24th Ave SW, Federal Way, WA 98023

1/10

New 7 hours ago

Managed by Real Property Management Eclipse

$3,999

House3 Beds4 Baths4,628 ft²

30426 24th Ave SW

Federal Way, WA 98023

This stunning, custom-built 4,628 sq ft home is a must-see. Featuring 3 bedrooms and 4 bathrooms, this residence boasts a grand entry leading to formal living and dining spaces. The chef's kitchen is a culinary dream, complete with stainless steel appliances, a breakfast nook, and an eat-at bar. Enjoy built-in speakers throughout the home, oversized bedrooms, a bonus room, and dedicated office space with a built-in desk. The primary suite offers peekaboo water views and a luxurious master bath with breathtaking views of Mt. Rainier. Exquisite details abound, with large windows flooding the home with natural light.

Viewing 41-46 of 46 rentals in Federal Way

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

View full report

As of October 2026, Federal Way's rental market is stable, with rentals spending about 30 days on the market, about the same as in Washington (31), and rents down 3.7% over the past year. Federal Way's average rent is 7.4% ($158) lower than the Washington average of $2,139 and 4.9% ($101) lower than the U.S. average of $2,082.

Average Rent

$1,981

Monthly ChangeMonth Over Month Change

0.34% ($7)

Yearly ChangeYear Over Year Change

3.7% ($76)

Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,537	0.02%	0.6% ($9)
2 Beds	$1,790	0.07% ($1)	2.5% ($45)
3 Beds	$2,480	0.58% ($14)	0.1% ($3)

Nearby Cities	Average Rent	Avg. Rent vs. Federal WayAverage Rent vs. Federal Way	Days on Market
Pacific	$1,920	3.1% ($61)	30 days
Auburn	$2,090	5.5% ($109)	35 days
Milton	$2,034	2.7% ($53)	31 days
Fife	$2,090	5.5% ($109)	31 days
Kent	$2,111	6.6% ($130)	30 days

Based on rentals advertised on RentalSource in and around Federal Way.

Frequently Asked Questions

Federal Way Rental Market FAQs

Explore rental prices, market conditions, and affordability in Federal Way, WA.

What is the average rent in Federal Way, WA?

The average rent in Federal Way, WA is $1,981 per month.

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

In Federal Way, the average rent is $1,537 per month for a 1-bedroom home, $1,790 for a 2-bedroom home and about $2,480 for a 3-bedroom home.

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

The average rent in Federal Way is 4.9% ($101) lower than the national average of $2,082 per month.

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

The rental market in Federal Way, WA is currently stable, with rentals spending about 30 days on the market, about the same as in Washington (31), and rents down 3.7% over the past year.

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

Based on the current averages, a household would need an annual income of $71,600 to comfortably afford a 2-bedroom home in Federal Way.

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