Houses & Townhomes for Rent in Federal Way, WA

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What to Know About

Life in Federal Way & Beyond

Federal Way shares many of the great qualities that make Washington a desirable place to live.

Washington is home to the famous Cascade Mountains and the Olympic Mountains mountain range. From its breathtaking landscapes to its thriving economy, there's something for everyone in this vibrant state. First, explore its rich history and culture by visiting museums such as the Museum of Pop Culture and the Burke Museum of Natural History & Culture. Then, take your education to the next level at prestigious universities like the University of Washington and Washington State. Washington's economy is diverse and robust, driven by key industries such as technology, agriculture, and manufacturing.

There's no shortage of ample opportunities for adventure and excitement. From exploring the stunning trails of Mount Rainier National Park to fishing in the picturesque Puget Sound, nature enthusiasts will be in their element. And sports fans will enjoy cheering for Seattle Seahawks (NFL), Seattle Kraken (NFL), and Seattle Mariners (MLB) and supporting their favorite college teams. Discover famous attractions like the Space Needle, the Pike Place Market, and the historic city of Seattle.

A hub of innovation and creativity, Washington is a great state offering endless opportunities, which makes it a great place to live.

Rental Market Trends

Federal Way, WA

As of March 2025, Federal Way's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Federal Way's average rent is 4.3% ($75) lower than the Washington average of $1,752 and 6.2% ($111) lower than the U.S. average of $1,788.

Average Rent
$1,677
Monthly ChangeMonth Over Month Change
Decreased6.9% ($124)
Yearly ChangeYear Over Year Change
Decreased19.5% ($407)
Avg. Days on MarketAverage Days on Market
45
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,545 Decreased2.7% ($43) Increased1% ($16)
2 Beds $1,772 Decreased0.3% ($5) Decreased9.7% ($190)
3 Beds $2,880 Increased1.3% ($37) Increased15.7% ($391)
Nearby Cities Average Rent Avg. Rent vs. Federal WayAverage Rent vs. Federal Way Avg. Days on MarketAverage Days on Market
Auburn $1,605 Decreased4.3% ($72) 22 days
Fife $1,823 Increased8.7% ($146) 33 days
Kent $1,797 Increased7.2% ($120) 23 days
Sumner $1,859 Increased10.9% ($182) 31 days
Tacoma $1,519 Decreased9.4% ($158) 33 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Federal Way Rental Market FAQs

Explore rental prices, market trends, and availability in Federal Way, WA.

The average rent in Federal Way, WA is $1,677 per month.
Houses in Federal Way typically rent for between $1,082 and $3,744 per month, with an average of $1,677 per month.
In Federal Way, the average rent for a 1-bedroom house is $1,545 per month, for a 2-bedroom house, $1,772 per month, and a 3-bedroom house is $2,880 per month.
The average rent in Federal Way is 6.2% ($111) lower than the national average of $1,788 per month.
The average rent in Federal Way has decreased by 6.9% ($124) in the last month and decreased by 19.5% ($407) over the past year.
The rental market in Federal Way, WA, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Federal Way, WA, the average rental stays on the market for approximately 45 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 42 rental properties available in Federal Way, WA.
Based on the current averages, a household would need an annual income of $70,880 to comfortably afford a 2-bedroom house in Federal Way.
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