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from $1,1991 to 2 Bedroom Apartments Available Now
Meridian Court Senior Affordable Apartments
31420 23rd Ave SFederal Way, WA 98003
Cheap Apartments for Rent in the Steel Lake Neighborhood of Federal Way, WA from $1,100 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Steel Lake area of Federal Way.
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Rent Specials
from $1,2791 to 2 Bedroom Apartments Available Now
View at the Lake I
30602 Pacific Hwy SFederal Way, WA 98003
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from $1,317Studio to 2 Bedroom Apartments Available Now
Traditions at Federal Way
31701 Pete Von Reichbauer WayFederal Way, WA 98003
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from $1,3951 to 2 Bedroom Apartments Available Mar 3
Homestead
29225 Military Rd SFederal Way, WA 98003
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from $1,4191 to 5 Bedroom Apartments Contact Us For Availability
Uptown Square
1066 S 320th StFederal Way, WA 98003
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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
Showing Results 1-6, Page 1 of 1
Steel Lake, Federal Way, WA Local Guide
Dedication of Downtown Flag and Veterans Way by Darel Roa Photography is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Steel Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Steel Lake Studio Apartments | $1,449 | $1,317 | $1,581 |
| Steel Lake 1 Bedroom Apartments | $1,579 | $1,199 | $2,859 |
| Steel Lake 2 Bedroom Apartments | $1,963 | $1,299 | $3,319 |
| Steel Lake 3 Bedroom Apartments | $2,264 | $1,923 | $2,950 |
| Steel Lake 4 Bedroom Apartments | $2,179 | $2,122 | $2,467 |
Browse Apartments in this Neighborhood
There are currently 6 rentals with your search options within a 1 mile radius of the Steel Lake Neighborhood of Federal Way, WA.
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Steel Lake, Federal Way, WA Local Guide
- Nearby Federal Way neighborhoods
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Cheapest Available Steel Lake Apartments for Rent
The cheapest available apartment rental in the Steel Lake area of Federal Way, WA is a 1 Bed unit found at View at the Lake I priced from $1,279. Meridian Court Senior Affordable Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,299. Here are the most affordable Steel Lake apartments for rent in Federal Way, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| View at the Lake I | 1x1 | 1BR,1BA | $1,279 |
| Meridian Court Senior Affordable Apartments | B1 | 2BR,1BA | $1,299 |
| La Madera Apartments | Studio at 60% Utilities Covered | Studio,1BA | $1,581 |
Best Value Apartments for Rent in Steel Lake, WA
As of February 11, 2025 the best value apartment in the Steel Lake area is the $2.19 price per square foot Oak Model at Fountain Lake Townhomes in the in the Meredith neighborhood starting from $2,750. The second greatest value Steel Lake apartment is the 2x2_1014 Model at Brookside Village starting at $2,245 with a $2.21 price per square foot in the Woodmont neighborhood. Here is today’s list of the best values for Steel Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fountain Lake Townhomes | Oak | 3BR,2BA | $2.19 |
| Brookside Village | 2x2_1014 | 2BR,2BA | $2.21 |
| Redondo Ridge | 2 Beds, 1.5 baths | 2BR,1.5BA | $2.27 |
| Traditions at Federal Way | 2x1 | 2BR,1BA | $2.03 |
| Steel Lake Plaza | 258 2X1.5 RENO | 2BR,1.5BA | $2.26 |
| Arbor Woods Apartments | Clasic 2 bedroom | 2BR,1BA | $2.03 |
| Greystone Meadows | 1x1 L | 1BR,1BA | $2.41 |
| View at the Lake I | 1x1 | 1BR,1BA | $1.83 |
| Brookhaven Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $2.51 |
| Meridian Court Senior Affordable Apartments | B1 | 2BR,1BA | $2.00 |
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Pet Friendly LifestyleSteel Lake, Federal Way, WA
Ranked #7
Among neighborhoods in Federal Way, WA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Steel Lake, Federal Way, WA
Federal Way Senior High School
Federal Way School District
Public School - Grades 9-12 (1640)
3 out of 10
School data provided by Great Schools
Best Local Schools in Steel Lake, Federal Way, WA
Federal Way Senior High School
Federal Way School District
Public School - Grades 9-12 (1640)
3 out of 10
School data provided by Great Schools
Lifestyle Ratings
This website is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Washington, including Federal Way. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, family-friendly amenities, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Steel Lake Apartments
What is the Cheapest Studio apartment in Steel Lake?
Currently the most affordable Cheap Studio Apartment in Steel Lake is at La Madera Apartments listed at $1,581.
How much is rent for a Cheap One Bedroom Steel Lake Apartment?
The lowest price for a Cheap One Bedroom Steel Lake Apartment is $1,279 at View at the Lake I.
What is the lowest price for a Cheap Two Bedroom Steel Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Steel Lake is starting from $1,299 at Meridian Court Senior Affordable Apartments.
What is the most affordable Steel Lake Three Bedroom Apartment?
The best deal on a cheap Steel Lake Three Bedroom Apartment rental is at Fountain Lake Townhomes and starts from $2,650.
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.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
Navigating the World of Low-Income Housing: A Comprehensive Guide
Written by: Kevin Ready
Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.
Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.
Real Estate Term Glossary: Your Guide to The A to Zs of Renting
Written by: Kevin Ready
Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.