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Federal Way, WA: 87 apartments available for rent

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Last updated June 23 at 6:54AM
1808A SW 318th Place
Federal Way
Federal Way, WA
Updated June 22 at 9:21PM
2 Bedrooms
$1,495
28812 5th Ave S
Federal Way
Federal Way, WA
Updated June 20 at 9:31AM
3 Bedrooms
$3,795
30146 16th Ave SW
Federal Way
Federal Way, WA
Updated June 22 at 8:48PM
5 Bedrooms
$2,895
32529 52ND PL W
Federal Way
Federal Way, WA
Updated June 22 at 8:48PM
3 Bedrooms
$1,750
1336 SW 348th Street
Federal Way
Federal Way, WA
Updated June 22 at 9:05PM
4 Bedrooms
$2,295
27623 44th Pl S
Lakeland North
Auburn, WA
Updated June 22 at 9:14PM
3 Bedrooms
$2,200
The Commons
190 S 334th St
Federal Way, WA
Updated June 22 at 11:37PM
1 Bedroom
$1,240
2 Bedrooms
$1,375
32224 11th Pl SW
Federal Way
Federal Way, WA
Updated June 23 at 2:02AM
Studio
$2,250
2814 SW 337th Street
Federal Way
Federal Way, WA
Updated June 22 at 9:28PM
4 Bedrooms
$2,295
3749 SW 319th ST
Federal Way
Federal Way, WA
Updated June 22 at 9:12PM
3 Bedrooms
$1,995
Results within 1 miles of Federal Way, WA
1013 SW 361st St
Federal Way
Federal Way, WA
Updated June 21 at 9:39AM
5 Bedrooms
$2,550
5635 24th Avenue NE
Northeast Tacoma
Tacoma, WA
Updated June 22 at 8:36PM
4 Bedrooms
$2,495
11th Pl SW
Federal Way
Federal Way, WA
Updated June 13 at 9:26AM
4 Bedrooms
$2,195
Soundview Dr NE
Tacoma
Tacoma, WA
Updated June 22 at 12:44PM
3 Bedrooms
$3,445
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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

June 2017 Federal Way Rent Report

Welcome to the June 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 increased marginally over the past month

Federal Way rents have increased 0.1% over the past month, and are up moderately by 2.8% in comparison to the same time last year. Currently, median rents in Federal Way stand at $1,290 for a one-bedroom apartment and $1,610 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in January. Federal Way's year-over-year rent growth lags the state average of 5.1%, but exceeds the national average of 2.6%.

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. Washington as a whole has logged a 5.1% year-over-year growth. 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 8.6%. The median two-bedroom there costs $1,690, while one-bedrooms go for $1,360.
  • Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,310; rents grew 0.9% over the past month and 4.1% over the past year.
  • Tacoma has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,500; rents were up 0.9% over the past month and 6.8% over the past year.

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

Rent growth in Federal Way has been relatively stable over the past year - some other large cities have seen more substantial increases, while in a few cases, rents have actually declined. Compared to most large cities across the country, Federal Way is less affordable for renters.

  • Federal Way's median two-bedroom rent of $1,610 is above the national average of $1,150. Nationwide, rents have grown by 2.6% over the past year.
  • While rents in Federal Way remained moderately stable this year, similar cities saw increases, including Phoenix (+4.9%), Los Angeles (+4.5%), Boston (+2.9%); note that median 2BR rents in these cities go for $1,020, $1,710, and $2,080 respectively.

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 $1,330 $1,660 0.9% 5.2%
Tacoma $1,200 $1,500 0.9% 6.8%
Bellevue $1,860 $2,310 0.9% 4.1%
Everett $1,290 $1,610 1.1% 6.1%
Kent $1,380 $1,720 1.0% 7.7%
Renton $1,600 $2,000 0.7% 6.9%
Federal Way $1,290 $1,610 0.1% 2.8%
Redmond $1,840 $2,290 2.4% 4.4%
Kirkland $1,670 $2,080 1.5% 5.3%
Puyallup $1,360 $1,690 1.7% 8.6%
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.