Cheap Apartments for Rent in Federal Way, WA from $800 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in Federal Way.

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property at 34816 1st Ave S

34816 1st Ave S

Federal WayWA98003
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Westboro Apartments
1 to 3 Bedroom Apartments

Westboro Apartments

32930 1st Ave SFederal Way, WA 98023
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Parkway Apartments
1 to 2 Bedroom Apartments

Parkway Apartments

2206 SW 334th PlFederal Way, WA 98023
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Redondo Heights II
Studio to 3 Bedroom Apartments

Redondo Heights II

1810 South 276th StreetFederal Way, WA 98003
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Redondo Heights I
1 Bedroom Apartments

Redondo Heights I

27606 Pacific Hwy SFederal Way, WA 98003

Seattle's Best Affordable Neighborhoods

Learn about Seattle, WA and the best places to live with original content written by our Local Expert Sharon Stallings

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View West Apartments
1 Bedroom Apartments

View West Apartments

1655-1755 11th AveMilton, WA 98354
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The BLVD
Studio to 2 Bedroom Apartments

The BLVD

2136 S 272nd StKent, WA 98032
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The Landing
1 to 2 Bedroom Apartments

The Landing

5612-5620 23rd St EFife, WA 98424

Federal Way, WA Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Federal Way, WA

Pricing Updated: 04/17/2025

Current apartment rentals in the Federal Way, WA area range in price from $860 to $11,144 with an overall median price of $2,847. The three Federal Way neighborhoods with the lowest median rent pricing are Adelaide at $1,329, Redondo at $1,175, and Madrona at $1,218. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Federal Way Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Adelaide$2,306$1,32963
Redondo$2,359$1,17529
Madrona$2,397$1,218109
Steel Lake$2,397$999112
Laurelwood$2,452$99972
Marine Hills$2,452$90088
Campus Highlands$2,673$1,21599
Enchanted Village$2,673$1,215113
Alderbrook$3,131$860149
Kitts Corner$3,131$860126

Cheapest Available Federal Way Apartments for Rent

 

The cheapest available apartment rental in Federal Way, WA is a 1 Bed unit found at Meridian Court Senior Affordable Apartments in the Redondo neighborhood priced from $999. Park 16 in the Jovita neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,215. Here is today’s list of the most affordable Federal Way apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meridian Court Senior Affordable ApartmentsA011BR,1BA$999
Park 16Hummingbird1BR,1BA$1,215
Crestview WestStudio 1 Bath S2Studio,1BA$1,253
Redondo Heights I1 Bedroom 1 Bathroom (S.S)1BR,1BA$1,275
View at the Lake I1x11BR,1BA$1,279
Miro1 Bed 1 Bath1BR,1BA$1,288
Avana Star LakeA21BR,1BA$1,352
Terra1x11BR,1BA$1,353
The Park at Fife1x11BR,1BA$1,390

Best Value Apartments for Rent in Federal Way, WA

As of April 17, 2025 the best value apartment in the Federal Way area is the $1.86 price per square foot 3x2 Lower Floor Premium Model at Enchanted Woods in the in the Jovita neighborhood starting from $2,275. The second greatest value Federal Way apartment is the 2x1.5 Douglas Model at Evergreen Apartments starting at $2,201 with a $1.83 price per square foot in the Jovita neighborhood. Here is today’s list of the best values for Federal Way apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Enchanted Woods3x2 Lower Floor Premium3BR,2BA$1.86
Evergreen Apartments2x1.5 Douglas2BR,1.5BA$1.83
Glen Park At West CampusB22BR,2BA$1.76
Pointe East2x12BR,1BA$1.74
Kently Pointe Apartments2 Bed 2 Bath (C)2BR,2BA$1.89
24431 27th Ave S, Unit 324431 27th Ave S2BR,1BA$1.92
Kitts CornerAthens1BR,1BA$1.93
Redondo Heights I1 Bedroom 1 Bathroom (S.S)1BR,1BA$1.78
View at the Lake I1x11BR,1BA$1.83
Park 16Hummingbird1BR,1BA$1.86

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Federal Way Overview

Federal Way, WA is close to Seattle yet maintains its own unique character and charm. This dynamic town is a great place for people who love the great outdoors. You can find apartments in Federal Way that are near parks, botanical gardens, and major highways into the mountains. Meanwhile, if you prefer shopping and culture, downtown areas have a great community that you can become part of.

Why live in Federal Way, WA?

Federal Way is a town on the move. In some ways this is literal, thanks to its parks botanical garden, sports fields, jogging friendly trails, and more. However, this town also gains a dynamic energy from being located in close proximity to Tacoma and Seattle. You're a quick drive from all the attractions and perks of these big cities, including art galleries, museums, and shopping plazas. However, you're also able to come home and relax in an apartment in one of Federal Way's peaceful neighborhoods. This town is also a great 'launching point' to explore the Rocky Mountains, Mt. Ranier National Park, and more.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Federal Way, WA Rentals by Map

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Getting Around Federal Way, WA

Walk Score®

56 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

36 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Federal Way Apartments

What is the price of a cheap apartment in Federal Way?

The cheapest apartment in Federal Way is Meridian Court Senior Affordable Apartments which is listed at $999, while the average apartment in Federal Way costs $2,847.

What types of apartments are the cheapest in Federal Way?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 678 regular apartments in Federal Way that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Federal Way?

Cheap apartments in Federal Way have an average cost of $1,074 which is $1,773 cheaper than the average rent for all rentals in Federal Way.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.