Median rent for residential in as of Jul, 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.
5 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: $2,895 (-45.2%)
| Rent Price | Jul | vs Last Month |
|---|---|---|
| Studio rentals | $1,800 | N/A |
| 1 bed rentals | $3,666 | +140.9% |
| 2 bed rentals | $6,347 | N/A |
| 3 bed rentals | $1,868 | -25.3% |
| 4+ bed rentals | $9,500 | N/A |
Over the Jul 2022, the average rent for an apartment in/near Federal Way, WA decreased by 45.2% to $2,895.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 140.9% to $3,666. Pricing for 2-bed apartment remains the same, a place of this size will still cost you $6,347. 3-bed apartment rent pricing starts at $1,868, it decreased by 25.3% lately. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $9,500 for a big-family home.
| Rent Type Price | Jul | vs Last Month |
|---|---|---|
| Apartment rentals | $4,672 | -20.7% |
| Room rentals | $650 | -50% |
| House rentals | $1,868 | -59.2% |
The median rent for an apartment in Federal Way, WA decreased by 20.7% to $4,672. Statistics show that house rent price decreased by 59.2% this month making it up to $1,868. An average room will now go for $650, the median rent price for a room decreased by 50%.