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115 Apartments for rent in Federal Way, WA

Read Guide >
Last updated September 24 at 7:09PM
520 SW 293rd St
Federal Way
Federal Way, WA
Updated September 22 at 10:48AM
3 Bedrooms
$2,950
32519 3rd Place South
Federal Way
Federal Way, WA
Updated September 22 at 10:42AM
2 Bedrooms
$1,650
828 SW 317th Pl
Federal Way
Federal Way, WA
Updated September 21 at 12:12PM
3 Bedrooms
$1,750
4601 SW 320th St. Unit K1
Federal Way
Federal Way, WA
Updated September 23 at 11:16AM
2 Bedrooms
$1,100
28941 12th Ave S
Federal Way
Federal Way, WA
Updated September 16 at 10:31AM
3 Bedrooms
$2,295
31071 9th Ave S
Federal Way
Federal Way, WA
Updated September 22 at 10:41AM
3 Bedrooms
$1,750
1706 SW 318th Pl, Unit D
Federal Way
Federal Way, WA
Updated September 14 at 10:56AM
2 Bedrooms
$1,600
1014 S 312th St #411
Federal Way
Federal Way, WA
Updated September 14 at 10:59AM
3 Bedrooms
$1,595
31979 36th Ave SW
Federal Way
Federal Way, WA
Updated September 24 at 9:37AM
3 Bedrooms
$2,195
33732 32nd Ave SW
Federal Way
Federal Way, WA
Updated September 24 at 9:27AM
5 Bedrooms
$2,395
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City Guide
Federal Way
Federal Way is Aesthetic

Bordered by majestic Puget Sound on one sound and mighty Mount Rainier on the other, Federal Way offers some of the most breathtaking natural views you’ll find in all of Washington. The city is also home of the Weyerhaeuser timber company’s headquarters, much of whose land, including a pair of botanical gardens and tons of parks and scenic walking trails, is available for public viewing. Numerous state and city parks and beaches also offer picturesque views of the Olympic Mountain Range and Puget Sound.

Federal Way is Convenient

Situated eight miles from downtown Tacoma and 25 miles from Seattle, residents of Federal Way have the luxury of working in, and enjoying the amenities of, these larger cities without having to deal with their big-city headaches, like congestion, and pollution. Night owls, likewise, are able to enjoy the serenity of suburbia while being within a 20-minute drive of Seattle’s numerous nighttime hotspots.

Federal Way is Renter-Friendly

Unlike many western Washington suburbs, Federal Way’s housing market is not dominated by homeowners, as renters account for about 43 percent of residents. Waiting lists are extremely rare, many property managers offer six-month, one-year, and month-to-month leases, and move-in specials pop up frequently. Amenities and floor plans range from basic to lavish, so whether you’re in the market for a studio, a multi-level townhouse, a luxury loft, or anything else, you’ll be able to find something that fits your needs and your tastes in Federal Way. Just be sure to read your lease carefully before signing it, treating it like the important (albeit tedious) legal document that it is. Also, be prepared to show banking info, proof of income, and proof of a positive renting/credit history, and remember to inspect your new pad carefully, checking for blemishes, faulty appliances, leaky pipes, etc, before moving in.

Federal Way is Waiting for You

So, what are you waiting for? It’s time to get off your keester and come along with us, because your domicile discovering adventures are about to begin! So congrats in advance, and happy hunting!

Rent Report
Federal Way

September 2017 Federal Way Rent Report

Welcome to the September 2017 Federal Way Rent Report. In this report, we'll evaluate trends in the Federal Way rental market, including comparisons to cities throughout the metro and nation.

Federal Way rents increase sharply over the past month

Federal Way rents have increased 2.0% over the past month, and are up sharply by 7.3% in comparison to the same time last year. Currently, median rents in Federal Way stand at $1,360 for a one-bedroom apartment and $1,700 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in January. Federal Way's year-over-year rent growth leads the state average of 5.4%, as well as the national average of 3.0%.

Rents rising across the Seattle Metro

Throughout the past year, rent increases have been occurring not just in the city of Federal Way, but across the entire metro. Of the largest 10 cities that we have data for in the Seattle metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Puyallup has seen the fastest rent growth in the metro, with a year-over-year increase of 9.9%. The median two-bedroom there costs $1,760, while one-bedrooms go for $1,420.
  • Over the past month, Kirkland has seen the biggest rent drop in the metro, with a decline of 1.5%. Median two-bedrooms there cost $2,080, while one-bedrooms go for $1,670.
  • Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,340; rents were up 2.7% over the past year but remained flat month-over-month.
  • Tacoma has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,530; rents were up 0.2% over the past month and 6.6% over the past year.

Many large cities nationwide show more affordable rents compared to Federal Way

As rents have increased in Federal Way, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Federal Way is less affordable for renters.

  • Rents also increased in other cities across the state, with Washington as a whole logging rent growth of 5.4% over the past year.
  • Federal Way's median two-bedroom rent of $1,700 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 7.3% rise in Federal Way.
  • While Federal Way's rents rose over the past year, the city of DC saw a decrease of 0.5%.
  • Renters will generally find more expensive prices in Federal Way than most large cities. For example, Spokane has a median 2BR rent of $870, where Federal Way is nearly twice that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Seattle $1,380 $1,710 0.5% 5.4%
Tacoma $1,230 $1,530 0.2% 6.6%
Bellevue $1,880 $2,340 0.0% 2.7%
Everett $1,320 $1,640 0.1% 5.9%
Kent $1,410 $1,760 -0.3% 9.4%
Renton $1,640 $2,040 0.4% 8.0%
Federal Way $1,360 $1,700 2.0% 7.3%
Redmond $1,850 $2,310 -1.4% 4.9%
Kirkland $1,670 $2,080 -1.5% 0.5%
Puyallup $1,420 $1,760 3.7% 9.9%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.