Federal Way, WA Rental Market Trends
Highlights
The average rent for an apartment in Federal Way is $1,449, a 7% increase compared to the previous year, when the average rent was $1,349.
Average Rent in Federal Way, WA
Last updated October 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,449 | 7% | 884 sq. ft. |
The average size for a Federal Way, WA apartment is 884 square feet, but this number varies greatly depending on apartment type. 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
- $701-$1,0004%
- $1,001-$1,50055%
- $1,501-$2,00039%
- > $2,0002%
Federal Way, WA Occupied Housing Units
- Renter-occupied Households31%
- Owner-occupied Households68%
11,063 or 31% of the households in Federal Way, WA are renter-occupied while 23,692 or 68% are owner-occupied.
Federal Way, WA Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Oct / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Federal Way, WA | $1,267 | $1,278 | $1,287 | $1,365 | $1,369 | $1,347 | $1,349 | $1,446 | $1,419 | $1,449 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
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How Does Federal Way Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Seattle | $2,122 | 3% |
| Kent | $1,492 | 3% |
| Bellevue | $2,311 | 5% |
| Renton | $1,760 | 10% |
| Kirkland | $2,051 | 11% |
| Redmond | $2,186 | 13% |
| Federal Way | $1,449 | 7% |
| Issaquah | $2,281 | 9% |
| Issaquah City | $2,281 | 9% |
| Auburn | $1,445 | 7% |
For more information about the Federal Way rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
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 ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.