Edgewood Heights
10303 20th St E,
Edgewood, WA 98372
1-3 Beds | $1,900 - $2,700
Rental Market Trends in Federal Way, WA
Updated September 2026
The average rent in Federal Way, WA is $1,575/month.
Rent in Federal Way is roughly equal to the national average rent of of $1,665/month.
$1,575/month
Average Rent
679 Sq Ft
Average Size
+0.3%
Change / Year
818
Available Apartments
Federal Way rent varies by unit size and layout:
- Studio apartments in Federal Way average $1,337 per month.
- One-bedroom apartments in Federal Way average $1,575 per month.
- Two-bedroom apartments in Federal Way average $1,898 per month.
- Three-bedroom apartments in Federal Way average $2,337 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Federal Way, WA?
In the past year, rent has increased by 0.3%, which averages out to $6 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Federal Way, WA
September 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
7%
$700 - $1,000/month
13%
$1,001 - $1,500/month
56%
$1,501 - $2,000/month
25%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Federal Way?
Based on current rent prices, Lakeland South is the most affordable neighborhood in Federal Way.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Federal Way?
Based on current rent prices, Lakeland South is the most expensive neighborhood in Federal Way.
Neighborhood
Average Rent
Average Sq Ft
Which Federal Way neighborhoods have the most rentals available?
The neighborhood in Federal Way with the most apartments available is Lakeland South .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Federal Way, WA?
Because the average rent in Federal Way is $1,575, you’ll want to make about $5,250 per month or $63,000 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Federal Way, WA compare to other nearby cities and neighborhoods?
Use the tool below to compare Federal Way, WA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Federal Way Area GuideStudio
$464/month
$464/month
One Bedroom
$1,518/month
$1,518/month
Two Bedroom
$2,279/month
$2,279/month
Three Bedroom
$2,300/month
$2,300/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Milton
Avg Rent: $1,658/month
-
Algona
Avg Rent: $627/month
-
Fife
Avg Rent: $1,567/month
-
Des Moines
Avg Rent: $1,514/month
-
Pacific
Avg Rent: $1,556/month
Apartment Communities in Federal Way We Think You'll Love
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Frequently Asked Questions
What is the average rent in Federal Way?
The average rent in Federal Way is $1,575 per month, which is 5.4% lower than the national average of $1,665.
What is the average rent for a house in Federal Way?
The average rent for a house in Federal Way, WA is $2,994 per month.
Are rents going up or down in Federal Way?
Rents in Federal Way, WA are increasing, with prices up 0.3% year-over-year and $6 more per month.
What rent range is most common in Federal Way?
In Federal Way, WA, 56% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
Methodology
† 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 September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.