Edgewood Heights
10303 20th St E,
Edgewood, WA 98372
1-3 Beds | $1,735 - $2,465
Rental Market Trends in Federal Way, WA
Updated July 2026
The average rent in Federal Way, WA is $1,563/month.
Rent in Federal Way is roughly equal to the national average rent of of $1,662/month.
$1,563/month
Average Rent
680 Sq Ft
Average Size
-0.3%
Change / Year
998
Available Apartments
Federal Way rent varies by unit size and layout:
- Studio apartments in Federal Way average $1,259 per month.
- One-bedroom apartments in Federal Way average $1,563 per month.
- Two-bedroom apartments in Federal Way average $1,926 per month.
- Three-bedroom apartments in Federal Way average $2,320 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 decreased by 0.3%, which averages out to $4 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Federal Way, WA
July 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
59%
$1,501 - $2,000/month
21%
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 $1,563, you’ll want to make about $5,210 per month or $62,520 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
$463/month
$463/month
One Bedroom
$1,491/month
$1,491/month
Two Bedroom
$2,310/month
$2,310/month
Three Bedroom
$2,234/month
$2,234/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Federal Way?
The average rent in Federal Way is $1,563 per month, which is 6.0% lower than the national average of $1,662.
What is the average rent for a house in Federal Way?
The average rent for a house in Federal Way, WA is $3,113 per month.
Are rents going up or down in Federal Way?
Rents in Federal Way, WA are decreasing, with prices down 0.3% year-over-year and $4 less per month.
What rent range is most common in Federal Way?
In Federal Way, WA, 59% 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 June 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.