Federal Way, WA Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Federal Way is $1,878, a 1.04% decrease compared to the previous year, when the average rent was $1,898.
Studio Apartments at $1,342 offer the most budget-friendly option with 467 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 690 square feet for $1,627, balancing privacy and affordability.
Two-beedroom units at $1,933 offer 952 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,187 sq ft) for $2,356, suitable for larger households.
Average rent in Federal Way, WA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,878 | 886 sq. ft. |
| Studio | $1,342 | 467 sq. ft. |
| 1 Bed | $1,627 | 690 sq. ft. |
| 2 Beds | $1,933 | 952 sq. ft. |
| 3 Beds | $2,356 | 1,187 sq. ft. |
Federal Way, WA rent trends
Rental prices in Federal Way, WA have decreased by 1.04% over the past year. The average rent moved from $1,898 to $1,878.
What's the typical rent budget in Federal Way, WA?
The largest share of rentals in Federal Way, WA (60%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Federal Way, WA?
16,134 or 44% of the households in Federal Way, WA are renter-occupied while 20,262 or 56% are owner-occupied.
How Federal Way Compares to Other Cities
| City | Average Rent |
|---|---|
| Federal Way | $1,878 |
| Seattle | $2,252 |
| Tacoma | $1,749 |
| Spokane | $1,389 |
| Everett | $1,886 |
| Vancouver | $1,781 |
| Bellevue | $2,751 |
| Renton | $2,156 |
| Spokane Valley | $1,416 |
| Bothell | $2,284 |
| Kent | $1,954 |
| Puyallup | $2,020 |
| Lakewood, WA | $1,653 |
| Auburn, WA | $1,866 |
| SeaTac, WA | $1,787 |
| Burien, WA | $1,927 |
| Fife, WA | $1,843 |
| Des Moines, WA | $1,804 |
| Port Orchard, WA | $1,800 |
| Sumner, WA | $2,206 |
| Tukwila, WA | $1,878 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Federal Way apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.