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Apartments for Rent in Federal Way, WA

21-29 of 29 rentals

1+ Beds

Apartment for rent at 1650 S 308th St, Federal Way, WA 98003

Featured

Managed by View at the Lake I

$1,445

Apartment1 Bed1 Bath700 ft²

1650 S 308th St

Federal Way, WA 98003

Thanks for checking out View at the Lake Apartments, we are a locally owned and professionally managed community in the heart of Federal Way, WA. View at the Lake is conveniently located near Federal Way High School and features an abundance of shopping and dining opportunities within walking distance. We have 1- and 2-bedroom apartment homes. Our apartment homes are a great value, featuring a private patio or balcony, spacious and open floor plans, while select units feature wood flooring, granite counter tops, and/or stainless-steel appliances.

Featured

Managed by WPM South

$1,450

Condo1 Bed1 Bath671 ft²

31003 14th Ave S

Federal Way, WA 98003

Enjoy this one bedroom, one bathroom condo in Liberty Lake Condominiums in Federal Way. Luxury vinyl plank through out. Spacious bedroom with plenty of closet space. Updated spa bathroom. Well designed galley kitchen with lots of cabinets for storage. Living area with sliding glass door leading to a private patio. Water, sewer and garbage included with rent. Community amenities include pool, spa, gym and cabana. One permitted parking spot with unit. Sorry, no smoking. One pet under 25 lbs. will be considered case by case with extra $50 monthly pet fee.

Apartment for rent at 33131 1st Ave SW #C22, Federal Way, WA 98023

Managed by Key Management

$2,110

Apartment2 Beds1 Bath927 ft²

33131 1st Ave SW #C22

Federal Way, WA 98023

We are excited to offer a lovely 2 bedroom 1 bathroom available with the most wonderful choice of property amenities. Affordably priced at $2110/month and available for rent in Federal Way WA 98023. Relax in a remarkable way of life that you will love. Pet Friendly, Private balcony/deck, Dishwasher, Garbage Disposal, Fireplace, Patio, Full Size Refrigerator, Outdoor space, City View, Granite countertops & Pantry.

Managed by Key Management

$2,399

Apartment3 Beds2 Baths1,169 ft²

35434 25th Ave SW #D33

Federal Way, WA 98023

3Bd 2Ba property priced low at only $2399/month. Centrally located in Federal Way 98023 and available with tremendous rental features. Enjoy an appealing lifestyle that you don't want to miss out on. Contact us today for more details. Pet Friendly, Private balcony/deck, Dishwasher, Fireplace, Microwave, Play Ground, Full Size Refrigerator & Courtyard.

Managed by Key Management

$1,610

Apartment1 Bed1 Bath736 ft²

31912 3rd Lane SW #C31

Federal Way, WA 98023

Now available in Federal Way 98023 and highlighted with an exceptional assortment of property amenities. We are delighted to offer an excellent 1 bed 1 bath priced to go fast at just $1610/mo. Enjoy a comfortable way of life that you will love. Contact us today to get more details. Pet Friendly, Private balcony/deck, Dishwasher, Garbage Disposal, Fireplace, Patio, Play Ground, Full Size Refrigerator, Outdoor space & Pantry.

Managed by Key Management

$1,999

Apartment2 Beds2 Baths970 ft²

35434 25th Ave SW #A22

Federal Way, WA 98023

We are currently offering an impressive 2 Bd 2BA property conveniently located in Federal Way 98023. Priced low at $1999 per mo and loaded with awesome property amenities. Enjoy a charming way of life that you'll be proud of. Pet Friendly, Private balcony/deck, Dishwasher, Fireplace, Microwave, Play Ground, Full Size Refrigerator & Courtyard.

Managed by Key Management

$1,610

Apartment1 Bed1 Bath668 ft²

33131 1st Ave SW #C31

Federal Way, WA 98023

1 bedroom 1 bathroom property centrally situated in Federal Way WA. Priced low at just $1610 per mo and available with wonderful amenities. Unwind in a fantastic way of life that you'll be proud of. Contact us for more details. Pet Friendly, Private balcony/deck, Dishwasher, Garbage Disposal, Fireplace, Patio, Full Size Refrigerator, Outdoor space, City View, Granite countertops & Pantry.

Managed by Key Management

$1,948

Apartment2 Beds1 Bath900 ft²

31912 3rd Lane SW #C22

Federal Way, WA 98023

Outstanding 2Bd 1Ba packed with a fantastic mixture of rental features. For rent in Federal Way WA 98023 and affordably priced at $1948/mo. Experience an exceptional lifestyle that you've been missing. Contact us now to get more details. Pet Friendly, Private balcony/deck, Dishwasher, Garbage Disposal, Fireplace, Patio, Play Ground, Full Size Refrigerator, Outdoor space & Pantry.

Managed by Key Management

$2,449

Apartment3 Beds2 Baths1,190 ft²

31912 3rd Lane SW #D23

Federal Way, WA 98023

We are now offering a superb 3 bedroom 2 bathroom property available now in Federal Way WA. Priced to go fast at just $2449 per mo and decked out with the best assortment of rental amenities. Settle into a delightful way of life that you've been looking for. Pet Friendly, Private balcony/deck, Dishwasher, Garbage Disposal, Fireplace, Patio, Play Ground, Full Size Refrigerator, Outdoor space & Pantry.

Viewing 21-29 of 29 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

As of July 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 5.9% ($104) lower than the Washington average of $1,750 and 7.3% ($129) lower than the U.S. average of $1,775.

Average Rent

$1,646

Monthly ChangeMonth Over Month Change

1.3% ($21)

Yearly ChangeYear Over Year Change

6.7% ($118)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,516	0.1% ($1)	4.7% ($74)
2 Beds	$1,769	2.9% ($50)	2.3% ($42)
3 Beds	$2,958	0.6% ($17)	14.7% ($380)

Nearby Cities	Average Rent	Avg. Rent vs. Federal WayAverage Rent vs. Federal Way	Avg. Days on MarketAverage Days on Market
Pacific	$1,761	7% ($115)	32 days
Auburn	$1,640	0.4% ($6)	22 days
Fife	$1,842	11.9% ($196)	33 days
Kent	$1,812	10.1% ($166)	23 days
Sumner	$1,813	10.1% ($167)	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.

What is the average rent in Federal Way, WA?

The average rent in Federal Way, WA is $1,646 per month.

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

Apartments in Federal Way typically rent for between $1,061 and $3,845 per month, with an average of $1,646 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 apartment is $1,516 per month, for a 2-bedroom apartment, $1,769 per month, and a 3-bedroom apartment is $2,958 per month.

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

The average rent in Federal Way is 7.3% ($129) lower than the national average of $1,775 per month.

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

The average rent in Federal Way has increased by 1.3% ($21) in the last month and decreased by 6.7% ($118) 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 49 rental properties available in Federal Way, WA.

Can I afford to rent an apartment in Federal Way, WA?

Based on the current averages, a household would need an annual income of $70,760 to comfortably afford a 2-bedroom apartment in Federal Way.