The Lodge at Peasley Canyon
32200 Military Rd S,
Federal Way, WA 98001
$1,649 - $1,995
1-3 Beds
Everything you love about living in Washington – the coastline, the parks, the shopping – comes together in Lakeland North, a popular suburb bordering Federal Way. Residents can quickly get to several bayside parks, including Saltwater State Park and Dash Point State Park. Shops and restaurants are plentiful, surrounding the nearby Commons at Federal Way Mall and the Outlet Collection.
Ideally located between Tacoma and Seattle, residents of Lakeland North can easily reach both cities via I-5, which extends along the west side of the neighborhood. On the east side of the neighborhood, residents will find the Auburn Municipal Airport, along with a variety of shops, grocery stores, and restaurants. During warmer months, residents head to nearby Wild Waves Theme Park, located just 10 minutes from Lakeland North.
The Japanese Garden in nearby Point Defiance Park
Residents enjoy shopping at the nearby Outlet Collection
The nearby bay provides fishing and boating opportunities
The Federal Way Barker Cabin is the oldest in the area
As of November 2025, the average apartment rent in Lakeland North is $1,648 for one bedroom, $2,119 for two bedrooms, and $2,499 for three bedrooms. Apartment rent in Lakeland North has increased by 3.7% in the past year.
1 BR
694 sq ft
Average Sq Ft
$1,648/month
Average Rent
2 BR
1,007 sq ft
Average Sq Ft
$2,119/month
Average Rent
3 BR
1,246 sq ft
Average Sq Ft
$2,499/month
Average Rent
Car-Dependent
out of 100 WalkScore® Rating
Walking is difficult in this neighborhood, which is considered a car-dependent area.
Minimal Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.