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 $1,532, a 4% increase compared to the previous year, when the average rent was $1,474.
Average Rent in Federal Way, WA
Last updated June 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,532 | 4% | 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
- $701-$1,0003%
- $1,001-$1,50042%
- $1,501-$2,00052%
- > $2,0003%
Federal Way, WA Occupied Housing Units
- Renter-occupied Households32%
- Owner-occupied Households67%
11,384 or 32% of the households in Federal Way, WA are renter-occupied while 23,806 or 67% are owner-occupied.
Federal Way, WA Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Federal Way, WA | $1,347 | $1,349 | $1,446 | $1,419 | $1,449 | $1,473 | $1,474 | $1,452 | $1,509 | $1,532 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
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How Federal Way Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Seattle | $1,895 | -11% |
| Everett | $1,506 | 3% |
| Tacoma | $1,458 | 7% |
| Kent | $1,580 | 3% |
| Bellevue | $2,151 | -6% |
| Renton | $1,768 | -1% |
| Lynnwood | $1,594 | -2% |
| Kirkland | $1,949 | -6% |
| Bothell | $1,845 | n/a |
| Redmond | $2,006 | -8% |
| Federal Way | $1,532 | 4% |
Most Popular Apartments in Federal Way
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.