Edgewood Heights
10303 20th St E,
Edgewood, WA 98372
$1,735 - $2,465
1-3 Beds
Rental Market Trends in Federal Way, WA
What is the average rent in Federal Way, WA?
$1,573/month
Average Rent
673 Sq Ft
Average Apartment Size
-0.3%
Decrease in the Last Year
As of June 2026, the average rent in Federal Way, WA is $1,573 per month. For comparison, the national average rent price in the US is currently $1,644/month, which means Federal Way rent prices are 4% lower than the national average. When you rent an apartment in Federal Way, you can expect to pay about $1,346 per month for a studio, $1,573 for a one-bedroom apartment, and around $1,891 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,303 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
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
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025
2026
Rent Ranges in Federal Way, WA
Last Updated June 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
7%
$700 - $1,000/month
11%
$1,001 - $1,500/month
61%
$1,501 - $2,000/month
21%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
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 $1,573, you’ll want to make about $5,243 per month or $62,916 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.
Studio
$461/month
$461/month
One Bedroom
$1,530/month
$1,530/month
Two Bedroom
$2,198/month
$2,198/month
Three Bedroom
$2,244/month
$2,244/month
Nearby City Rent Trends
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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.