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Studio Apartments for Rent in Federal Way, WA

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  • /91

    Starting at $1,850 Per Month

    • Studio - 2 Beds

    34816 1st Ave S, Federal Way, WA 98003

    Trouve is a modern new apartment community located in the heart of Federal Way. Situated at the corner of 348th St and 1st Ave, and just one mile from I-5, Trouve offers a convenient location ideal for commuters. Residents will also enjoy being less than a mile from a variety of local shops, dining, and amenities. Schedule a tour and reserve your new home today—email us to get started!

    Trouve

    (253) 893-4072

    34816 1st Ave S, Federal Way, WA 98003
  • /65

    Starting at $1,111 Per Month

    • Studio - 3 Beds

    28620 Pacific Hwy S, Federal Way, WA 98003

    Welcome to La Madera! La Madera is an affordable housing property located in Federal Way, WA that features spacious Studio, 1, 2 & 3 bedroom apartments in a beautiful community setting. Units at La Madera have been recently renovated in 2023. La Madera is an income restricted property. Applicants must meet income requirements to qualify for homes at La Madera. Residents at La Madera enjoy

    La Madera Apartments

    (253) 785-2620

    28620 Pacific Hwy S, Federal Way, WA 98003
  • /35

    Starting at $1,075 Per Month

    • Studio - 2 Beds

    31701 Pete von Reichbauer Way S, Federal Way, WA 98003

    Active Adult living never looked this good! And the affordable rents are just the beginning. Traditions at Federal Way is a 55+ community that will amaze you with its style, modern design, ample community amenities, and spacious floorplans. Conveniently located near I-5 and Pacific HWY S, Traditions at Federal Way is surrounded by shopping, dining, and area amenities. Our apartment homes feature

    Traditions at Federal Way Senior Living

    (206) 578-3962

    31701 Pete von Reichbauer Way S, Federal Way, WA 98003
  • /23

    Starting at $1,295 Per Month

    • Studio - 2 Beds

    2136 S 272nd St, Kent, WA 98032

    Welcome Home to The BLVD, a lovely rural setting nestled away in the middle of the beautiful Puget Sound Area! With Mt. Rainier as an exhilarating back drop, The BLVD inspires relaxation. Offering unique studio, one, and two bedroom apartment homes overlooking Kent Valley, you are just minutes away from I-5, WA-99, WA-18 and 167. Commuting will be a breeze! Living at The BLVD, you'll be near

    THE BLVD

    (253) 893-8093

    2136 S 272nd St, Kent, WA 98032
  • /21

    Starting at $1,311 Per Month

    • Studio - 2 Beds

    27912 Pacific Hwy S, Federal Way, WA 98003

    Our team is committed to assisting you and we are available by phone and email. Need a tour? We can provide virtual touch-less tours to help you find the perfect home. Schedule an appointment today! Welcome to Crestview West, a community of affordable apartments surrounded by garden style grounds. Our studio, one-bedroom, and two-bedroom apartments offer ample space with all the essential

    Crestview West Apartments

    (253) 785-9328

    27912 Pacific Hwy S, Federal Way, WA 98003
  • /20

    Starting at $960 Per Month

    • Studio - 2 Beds

    33030 1st Ave S, Federal Way, WA 98003

    Located in south King County between the bustling cities of Seattle and Tacoma is Cove East Apartments For Rent in Federal Way, Washington. Our unique one- and two-bedroom homes feature breakfast bars, walk-in closets, fireplaces, spiral staircases, skylights, open lofts and water views. Situated in a beautiful setting of majestic firs and peaceful lakes, these elegant apartment homes offer a

    Cove East

    (206) 222-9525

    33030 1st Ave S, Federal Way, WA 98003

Why Live in Federal Way

Federal Way's extensive park system includes Dash Point State Park with beach access and trails, the unique Pacific Bonsai Museum showcasing international bonsai collections, and the Rhododendron Species Botanical Garden housing one of the world's largest rhododendron collections. Residents enjoy water activities at Steel Lake Park's beach and swimming at the premier King County Aquatic Center. Wild Waves Theme and Water Park, the largest theme park in Washington, provides year-round entertainment. Local dining ranges from authentic Asian cuisine at Palace Korean BBQ and Tokyo-ya Ramen to classic American fare at Jimmy Mac's Roadhouse and Italian dishes at Mama Stortini's.

The Federal Way housing market includes diverse options across distinct neighborhoods. Single-family homes in Marine Hills have a median price of $850,000, while Twin Lakes homes have a median price of $647,000. The Federal Way City Center area has a median single-family home price of $279,000. Condominiums present more affordable options, with median prices of $240,000 for one-bedroom units and $301,000 for two-bedroom units. Townhomes have a median price of $349,000.

Property taxes in Federal Way reflect King County's effective rate of 0.84%, comparing favorably to nearby Tacoma's 0.94%. Washington state has no general income tax but applies a 7.0% tax on capital gains income. The combined sales tax rate is 9.43%.

Federal Way Public Academy, serving the Kitts Corner neighborhood, maintains an A minus rating for both middle and high school levels. The private Seabury School in Twin Lakes holds an A plus rating for elementary and middle school education. Commuters benefit from Sound Transit and King County Metro bus service, with a Link Light Rail extension opening in 2024. The city sits 25 miles south of Seattle and 8 miles north of Tacoma along Puget Sound.

Frequently Asked Questions

How much does it cost to rent a home in Federal Way, WA?
The median rent for a home in Federal Way, WA is $2,950 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Federal Way, WA?
To comfortably afford the median rent in Federal Way, WA, a household needs to earn roughly $118,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,950 per month in Federal Way, WA, renters typically need to show $8,850 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Federal Way, WA?
In Federal Way, WA, the price-to-rent ratio is 17.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Federal Way, WA are best for renting a home?
The best neighborhood for renting in Federal Way, WA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Stadium District, Downtown Tacoma, Hilltop, O'Brien and North Tacoma, each with its own character and price range.

Rental Home Trends in Federal Way, WA

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$2,950
Median Single Family Home Rent
$3,100
Median Townhouse Rent
$2,300
Median Condo Rent
$2,148
How to Rent a Home