Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Federal Way, WA Rental Market Trends
What is the average rent in Federal Way?
The average rent for an apartment in Federal Way is $1,773. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Federal Way, WA
Last updated June 2022
| Average Rent | Average Apartment Size |
|---|---|
| $1,773 | 882 sq. ft. |
What is the average apartment size in Federal Way?
The average size for a Federal Way, WA apartment is 882 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Federal Way, WA Apartment Rent Ranges
Federal Way, WA Occupied Housing Units
11,705 or 33% of the households in Federal Way, WA are renter-occupied while 23,251 or 66% are owner-occupied.
Federal Way, WA Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Jun / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Federal Way, WA | $1,419 | $1,449 | $1,473 | $1,474 | $1,452 | $1,509 | $1,532 | $1,623 | $1,729 | $1,773 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Federal Way Compares to Other Cities
| City | Average Rent |
|---|---|
| Seattle | $2,190 |
| Tacoma | $1,585 |
| Everett | $1,722 |
| Spokane | $1,273 |
| Kent | $1,804 |
| Vancouver | $1,585 |
| Bellevue | $2,533 |
| Renton | $2,076 |
| Lynnwood | $1,867 |
| Spokane Valley | $1,293 |
| Kirkland | $2,315 |
| Puyallup | $1,849 |
| Federal Way | $1,773 |
| Lacey | $1,603 |
| Bothell | $2,110 |
| Redmond | $2,403 |
| Lakewood | $1,532 |
| Issaquah | $2,526 |
| Auburn | $1,708 |
| Fife | $1,644 |
| Parkland | $1,540 |
Most Popular Apartments in Federal Way
Enchanted Woods
2020 S 360Th Street, Federal Way, WA 98003- 1 BED
- 2 BEDS
- 3 BEDS
- $1,615+
- $1,802+
- $2,394+
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Federal Way apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.