31003 14th Ave S
Federal WayWA98003
Cheap Homes for Rent in Steel Lake Neighborhood of Federal Way, WA from $1,400 (3 Rentals)
Cheap Homes in the Steel Lake area of Federal Way.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
29409 35th Ave S
AuburnWA98001
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
29307 32nd Pl S
AuburnWA98001
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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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 a home in Steel Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Steel Lake 2 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
| Steel Lake 3 Bedroom Homes for Rent | $2,679 | $2,659 | $2,700 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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
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Best Value Apartments for Rent in Steel Lake, WA
As of May 08, 2025 the best value apartment in the Steel Lake area is the $1.76 price per square foot Armstrong Model at Uptown Square in the in the Redondo neighborhood starting from $1,588. The second greatest value Steel Lake apartment is the Athens Model at Kitts Corner starting at $1,583 with a $1.93 price per square foot in the Jovita 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. |
|---|---|---|---|
| Uptown Square | Armstrong | 1BR,1BA | $1.76 |
| Kitts Corner | Athens | 1BR,1BA | $1.93 |
| Tree Pointe | One Bedroom | 1BR,1BA | $2.07 |
| Steel Lake Plaza | 258 1X1M RENO | 1BR,1BA | $2.34 |
| Watermark | Kitsap | 1BR,1BA | $2.20 |
| View at the Lake | 1x1 | 1BR,1BA | $1.99 |
| The Cove | Bainbridge | 1BR,1BA | $2.50 |
| Homestead Apartments | 1x1 | 1BR,1BA | $2.16 |
| Brookhaven Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $2.53 |
| Meridian Court Senior Affordable Apartments | A03 | 1BR,1BA | $2.42 |
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Frequently Asked Questions about Steel Lake
What type of rentals are currently available in Steel Lake?
There are currently 48 Apartments for Rent in Steel Lake, WA with pricing that ranges from $999 to $3,269. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Steel Lake ranging from $1,700 to $2,700.
What is the current price range for Rental Homes in Steel Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Steel Lake ranges from $1,700 to $2,700 with an average monthly rent of $2,159.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
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.