29409 35th Ave S
AuburnWA98001
Cheap Homes for Rent in Steel Lake Neighborhood of Federal Way, WA from $1,700 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Steel Lake area of Federal Way.
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 | $2,698 | $2,698 | $2,698 |
| Steel Lake 4 Bedroom Homes for Rent | $3,180 | $3,180 | $3,180 |
Browse Homes for Rent in this Neighborhood
There are currently 2 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 April 18, 2025 the best value apartment in the Steel Lake area is the $1.75 price per square foot London Model at Kitts Corner in the in the Jovita neighborhood starting from $2,397. The second greatest value Steel Lake apartment is the 2x2_1034 Model at Brookside Village starting at $2,350 with a $2.27 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. |
|---|---|---|---|
| Kitts Corner | London | 4BR,2BA | $1.75 |
| Brookside Village | 2x2_1034 | 2BR,2BA | $2.27 |
| Uptown Square | Armstrong | 1BR,1BA | $1.82 |
| 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 I | 1x1 | 1BR,1BA | $1.83 |
| Brookhaven Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $2.53 |
| Traditions at Federal Way | 1x1 | 1BR,1BA | $2.77 |
| 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 47 Apartments for Rent in Steel Lake, WA with pricing that ranges from $999 to $3,449. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Steel Lake ranging from $1,700 to $3,180.
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 $3,180 with an average monthly rent of $2,419.
How much are larger Three and Four Bedroom Rentals in Steel Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Steel Lake range from $2,166 to $2,920, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,698 to $2,698. Four Bedroom Single-Family rentals are also available starting from $3,180 and Four Bedroom Apartments start at $2,397.
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.
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.
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.
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.
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.