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102 1 Bedroom Apartments for rent in Federal Way, WA

Last updated December 19 at 12:20pm UTC
432 South 321st Place
Federal Way
Federal Way, WA
Updated December 19 at 9:56am UTC
1 Bedroom
$1,150
29401 Pacific Hwy S Ste. 100
Federal Way
Federal Way, WA
Updated December 14 at 10:17am UTC
1 Bedroom
$1,199
28606 16th Ave South #301
Federal Way
Federal Way, WA
Updated November 23 at 11:30am UTC
1 Bedroom
$1,295
Results within 1 miles of Federal Way, WA
Copper Creek Apartment Homes
102 5th Ave
Milton, WA
Updated December 19 at 3:18am UTC
1 Bedroom
$1,360
Results within 5 miles of Federal Way, WA
Timber Heights
4822 South 252nd Place
Kent, WA
Updated December 19 at 3:17am UTC
1 Bedroom
$1,195

December 2018 Federal Way Rent Report

Welcome to the December 2018 Federal Way Rent Report. Federal Way rents declined 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

December 2018 Federal Way Rent Report

Welcome to the December 2018 Federal Way Rent Report. Federal Way rents declined 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 rents declined slightly over the past month

Federal Way rents have declined 0.2% over the past month, but have increased moderately by 3.0% in comparison to the same time last year. Currently, median rents in Federal Way stand at $1,400 for a one-bedroom apartment and $1,740 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in September. Federal Way's year-over-year rent growth leads the state average of 1.5%, as well as the national average of 1.3%.

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 $1,450; additionally, the city has seen the fastest rent growth in the metro over the past month (0.5%).
  • Bellevue has seen rents fall by 0.9% over the past month, the biggest drop in the metro. It's also the most expensive city in the Seattle metro with a two-bedroom median of $2,330.

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 marginally in other cities across the state, with Washington as a whole logging rent growth of 1.5% over the past year. For example, rents have grown by 1.6% in Vancouver and 0.4% in Spokane.
  • Federal Way's median two-bedroom rent of $1,740 is above the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 3.0% increase in Federal Way.
  • While Federal Way's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.2%), Austin (+3.1%), and New York (+2.3%).
  • Renters will generally find more expensive prices in Federal Way than most large cities. For example, Spokane has a median 2BR rent of $880, 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 $1,330 $1,650 -0.7% -0.4%
Tacoma $1,240 $1,550 -0.3% 1.5%
Bellevue $1,870 $2,330 -0.9% 2.7%
Everett $1,340 $1,670 0.1% 3.3%
Kent $1,460 $1,820 0.3% 4.3%
Renton $1,650 $2,050 0.2% 1.9%
Federal Way $1,400 $1,740 -0.2% 3.0%
Auburn $1,330 $1,660 -0.9% 1.0%
Marysville $1,370 $1,710 -0.0% 0.2%
Lakewood $1,160 $1,450 0.5% 4.1%
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.