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Average Rent in Federal Way, WA

7 apartment buildings, 48 units. Real asking prices, refreshed daily.

Avg Rent

$1,979/mo

market average

Cheapest

$1,470/mo

Bayview Apartment Homes

Properties

7

tracked daily

Units

48

available now

Federal Way, WA Resident Access

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Analysis

Rent Price Breakdown

Compare pricing across all 7 properties in Federal Way, WA.

Average Rent by Property

Starting Price vs Average

Rent by Bedroom Count

Price per Square Foot

Federal Way, WA Rent Prices

All 7 properties ranked by lowest available rent.

Explore Each Property

Federal Way, WA Average Rent Prices 2026

The average rent in Federal Way, WA is $1,979 per month, based on 48 units across 7 apartment communities. Prices range from $1,470 at Bayview Apartment Homes to $2,100 at Haven Property Management.

Average Rent by Bedroom Type

Type Avg Rent Starting From Units
1 Bed $1,584/mo $1,470/mo 18
2 Bed $2,032/mo $1,795/mo 12
3 Bed $2,338/mo $2,100/mo 18

Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.

Market Context

Who rents in Federal Way, WA, and what they pay

Tracked one-bedroom rent in Federal Way, WA averages $1,584/mo, with two-bedroom units averaging $2,032/mo. At the local median household income of $82,144, that works out to 29% of gross income, near the 30 percent affordability ceiling.

The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Federal Way, WA at $1,738/mo. The current tracked market average runs 14% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Federal Way, WA while the tracked market average covers units currently listed in larger apartment communities.

What salary do I need to live comfortably in Federal Way, WA?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$79,000/year

Based on the 30 percent rule, using our tracked average rent of $1,979/mo.

Comfortable income

$95,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,470/mo), you need to earn at least $59,000/year.

Median household income in Federal Way, WA is $82,144 , about 14% below the comfortable-living threshold.

Cost of living in Federal Way, WA

Overall prices in Federal Way, WA runs above the national average by about 13% (BEA Regional Price Parity index 112.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Federal Way, WA's regional price parities.

Category Monthly estimate
Rent (market average) $1,979
Utilities $652
Groceries $584
Transportation $1,553
Healthcare $758
Other goods and services $1,212
Estimated total $6,738/mo

Population

99,232

Median household income

$82,144

Census median rent

$1,738/mo

Rent as % of income

33.7%

Median age

37.6

Mean commute

32 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

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Nearby cities in Washington

How Federal Way, WA rent compares to other markets in the state.

City Avg Rent vs Federal Way, WA Properties
Seattle, WA $2,917 +47% 48
Kennewick, WA $1,399 -29% 11
Vancouver, WA $2,228 +13% 10
Spokane Valley, WA $1,560 -21% 10
Richland, WA $1,651 -17% 10
Renton, WA $2,322 +17% 10

Frequently asked questions

What is the average rent in Federal Way, WA?

The average rent in Federal Way, WA is $1,979 per month, based on 48 units across 7 apartment buildings tracked by Average Rent. Prices are refreshed daily.

What is the cheapest apartment rent in Federal Way, WA?

The lowest available rent in Federal Way, WA starts at $1,470 per month. Availability changes daily and prices are refreshed each morning.

How much is a 1-bedroom apartment in Federal Way, WA?

1-bedroom apartments in Federal Way, WA average $1,584/mo. The lowest listed 1-bedroom starts at $1,470/mo across 18 units tracked.

How much is a 2-bedroom apartment in Federal Way, WA?

2-bedroom apartments in Federal Way, WA average $2,032/mo. Units start from $1,795/mo across 12 units currently listed.

Rent Trends in Federal Way, WA

Track how apartment prices are changing over time.

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