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225 Apartments for rent in Federal Way, WA

Read Guide >
Last updated November 15 at 8:36am UTC
Evergreen Vale Townhomes
35929 21st Pl S
Federal Way, WA
Updated November 15 at 6:18am UTC
2 Bedrooms
$1,895
Trellis
2120 SW 352nd St
Federal Way, WA
Updated November 15 at 4:19am UTC
2 Bedrooms
$1,675
3 Bedrooms
$2,102
29819 25th Pl S
Federal Way
Federal Way, WA
Updated November 12 at 1:52am UTC
3 Bedrooms
$2,200
2458 SW 328th St
Federal Way
Federal Way, WA
Updated October 31 at 5:57pm UTC
Studio
Ask
1818 SW 325th Place
Federal Way
Federal Way, WA
Updated October 30 at 11:35pm UTC
3 Bedrooms
$2,195
Results within 1 miles of Federal Way, WA
Saddlebrook
2100 S 260th St
Des Moines, WA
Updated November 15 at 6:50am UTC
1 Bedroom
$1,235
2 Bedrooms
$1,575
3 Bedrooms
Ask
27512 14th Plaza South
Redondo
Des Moines, WA
Updated November 15 at 8:36am UTC
4 Bedrooms
$1,750
Viewpoint Apartment Homes
21428 International Blvd
SeaTac, WA
Updated November 15 at 8:30am UTC
Studio
$1,330
1 Bedroom
$1,305
Results within 5 miles of Federal Way, WA
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!

November 2018 Federal Way Rent Report

Welcome to the November 2018 Federal Way Rent Report. Federal Way rents remained steady over the past month. In this report, we'll evaluate trends in the Federal Way rental market, including comparisons to cities throughout the metro, state, and nation.

View full Federal Way Rent Report
Rent Report
Federal Way

November 2018 Federal Way Rent Report

Welcome to the November 2018 Federal Way Rent Report. Federal Way rents remained steady over the past month. In this report, we'll evaluate trends in the Federal Way rental market, including comparisons to cities throughout the metro, state, and nation.

Federal Way rent trends were flat over the past month

Federal Way rents have remained flat over the past month, however, they have increased moderately by 2.6% year-over-year. Currently, median rents in Federal Way stand at $1,400 for a one-bedroom apartment and $1,750 for a two-bedroom. Federal Way's year-over-year rent growth leads the state average of 1.2%, as well as the national average of 1.1%.

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, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Lakewood has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,440; additionally, the city has seen the fastest rent growth in the metro over the past month (0.9%).
  • Over the past year, Seattle proper is the only city in the metro that has seen rents fall, with a decline of 1.3%. Median two-bedrooms there cost $1,660, while one-bedrooms go for $1,340.
  • Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,350; rents fell 0.7% over the past month but rose 2.7% over the past year.

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

As rents have increased moderately in Federal Way, a few large cities nationwide have also seen rents grow modestly. Compared to most large cities across the country, Federal Way is less affordable for renters.

  • Rents increased slightly in other cities across the state, with Washington as a whole logging rent growth of 1.2% over the past year. For example, rents have grown by 1.4% in Spokane and 1.4% in Vancouver.
  • Federal Way's median two-bedroom rent of $1,750 is above the national average of $1,180. Nationwide, rents have grown by 1.1% over the past year compared to the 2.6% increase in Federal Way.
  • While Federal Way's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.0%), Austin (+2.3%), and New York (+1.5%).
  • Renters will generally find more expensive prices in Federal Way than most large cities. For example, Spokane has a median 2BR rent of $890, 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 $1,340 $1,660 -0.7% -1.3%
Tacoma $1,250 $1,550 -0.4% 1.5%
Bellevue $1,890 $2,350 -0.7% 2.7%
Everett $1,340 $1,670 0.0% 2.9%
Kent $1,450 $1,810 0.3% 4.3%
Renton $1,640 $2,050 -0.0% 0.8%
Federal Way $1,400 $1,750 -0.0% 2.6%
Auburn $1,340 $1,670 -1.0% 2.1%
Marysville $1,370 $1,710 -0.0% 0.4%
Lakewood $1,160 $1,440 0.9% 3.9%
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.