Median rent for residential apartment in Federal Way, WA as of Sept, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
8 Federal Way, WA, USA apartments for rent
Federal Way
Federal Way, WA has a population of 94,905, while the median age is 36. The household income in Federal Way, WA is around $62,086. The homeownership rate among the residents is 57%. The median residential property value in Federal Way, WA that you should keep in mind is $280,700.
| Population | 94,905 |
| Median Age | 36.4 |
| Poverty Rate | 12% |
| Household Income | $62,086 |
| Number Of Employees | 47,290 |
| Median Property Value | $280,700 |
Housing Trends
Rent vs Own
How much is an apartment in Federal Way, WA, USA
Average rent in Federal Way: $3,495 (+141%)
| Rent Price | Sep | vs Last Month |
|---|---|---|
| 1 bed rentals | $3,092 | +113.2% |
| 2 bed rentals | $4,194 | N/A |
| 3 bed rentals | $3,400 | N/A |
Over the Sep 2022, the average rent for an apartment in/near Federal Way, WA increased by 141% to $3,495.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 113.2% to $3,092. Pricing for 2-bed apartment remains the same, a place of this size will still cost you $4,194. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $3,400.
| Rent Type Price | Sep | vs Last Month |
|---|---|---|
| Apartment rentals | $3,533 | +143.7% |
| House rentals | $3,400 | N/A |
The median rent for an apartment in Federal Way, WA increased by 143.7% to $3,533. The median rent for a house is still $3,400 with no significant changes this month.