Average Rent in Federal Way, WA

Federal Way rentals average $1,564 for a 1-bedroom rental to $3,200 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $25 per square feet.

For the apartment units and housing in June 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $1,395 to $1,395. 1-bedroom rentals prices have decreased by $30 (-1.96%) year-over-year from $1,530 to $1,500. 2-bedroom rentals prices have decreased by $560 (-23.72%) year-over-year from $2,360 to $1,800. 3-bedroom rentals prices have decreased by $1 (-0.04%) year-over-year from $2,315 to $2,314. 4-bedroom rentals prices have decreased by $332 (-9.39%) year-over-year from $3,532 to $3,200. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 2.81% this month. 2-bedroom rents have gone down by 5.16% this month. 3-bedroom rents have gone down by 6.48% this month. 4-bedroom rents have gone down by 4.90% this month.