Federal Way, WA Rental Market Trends
The average rent for an apartment in Federal Way is $1,474, a 4% increase compared to the previous year, when the average rent was $1,419.
Average Rent in Federal Way, WA
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,474||4%||882 sq. ft.|
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
- > $2,0002%
Federal Way, WA Occupied Housing Units
- Renter-occupied Households31%
- Owner-occupied Households68%
11,049 or 31% of the households in Federal Way, WA are renter-occupied while 23,874 or 68% are owner-occupied.
Federal Way, WA Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
How Federal Way Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Federal Way rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!