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Cove Apartment Homes apartments in Federal Way, WA

Updated

Cove Apartment Homes

4.5 (436 reviews) Official Website

Live pricing, refreshed

5
Units Listed
$1,688.95
Starting at
$2,008
Average
$2,258.95
Highest
$2.45
Per Sq Ft

How does this compare? View Federal Way 98023 rent trends

Specials Available 5 units

up to 6 weeks free

Rent Distribution

The final bar groups units at that price or more when the range is wide.

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Lines hold the last known price between updates. Diamond markers show changes in quote terms.

Timeframe

Property Price Trend

Estimated Building Revenue

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

  • Building size: modeled from how many distinct units we have observed over time
  • Occupancy: building size minus currently listed units
  • Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: observed data only.

Observed Lease Revenue

$31K/mo

from 16 tracked leases; not enough coverage yet for a whole-building estimate

Effective Rent on New Leases

$1,949

vs $2,008 current asking ($59 negotiation gap)

Recent Lease Activity

21 units tracked; 16 assumed leased, 5 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

  • +30 pts: 15+ units currently listed
  • +25 pts: Active move-in specials
  • +20 pts: Deep discounts (>$150/mo off)
  • +15 pts: 5+ distinct floor plans
  • +10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

5

Moderate availability

0 floor plans

Move-in Specials

5

5 units with active promos

Use competing promos as leverage

Negotiation Leverage

Limited leverage

The available listings show few signs of room to negotiate.

Price vs. Federal Way 98023

Neighborhood

Comparing 4 apartments in Federal Way 98023. Click any bar to view that building.

See Federal Way 98023 rent trends on the Federal Way, WA map Explore Federal Way, WA on the interactive map

Available Units

5 units

Select a unit to see its price history and link to the rental site.

/ 1 Bath Unit 9
$1,688.95/mo
668 ft² · $2.53/ft²

Available: Contact for availability

up to 6 weeks free
/ 1 Bath Unit 15
$1,823.95/mo
695 ft² · $2.62/ft²

Available: Contact for availability

up to 6 weeks free
/ 1 Bath Unit 27
$2,113.95/mo
927 ft² · $2.28/ft²

Available: Contact for availability

up to 6 weeks free
/ 1 Bath Unit 21
$2,153.95/mo
848 ft² · $2.54/ft²

Available: Contact for availability

up to 6 weeks free
/ 2 Bath Unit 33
$2,258.95/mo
968 ft² · $2.33/ft²

Available: Contact for availability

up to 6 weeks free

Garages and parking

Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.

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City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Federal Way, WA notes

No resident notes for this property yet.

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Federal Way 98023 Rent Trends

See how rent prices are changing in Federal Way 98023 and across Federal Way, WA.

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