Cheap Apartments for Rent in 98003
80 rentals
Use arrow keys to navigateAPPLY INSTANTLYPET FRIENDLYFURNISHEDROOM FOR RENT
Use arrow keys to navigateSPECIAL OFFERSENIOR HOUSINGPET FRIENDLYINCOME RESTRICTED$1,199 - $1,477/mo
1-2 Beds
1 BathMeridian Court Senior Affordable Apartments | 31420 23rd Ave S,
Federal Way, WA 98003
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$1,266 - $2,320/mo1-3 Beds1-2 BathsAvana Star Lake | 2211 S Star Lake Rd,
Federal Way, WA 98003
Use arrow keys to navigateSPECIAL OFFERSENIOR HOUSINGPET FRIENDLYINCOME RESTRICTED$1,291 - $1,992/moStudio-2 Beds1 BathTraditions at Federal Way Senior Living | 31701 Pete Von Reichbauer Way S,
Federal Way, WA 98003
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Use arrow keys to navigateSPECIAL OFFERSENIOR HOUSINGPET FRIENDLYINCOME RESTRICTED$1,295 - $1,520/mo1-2 Beds1 BathCelebration Senior Living Apartments | 1524 S 328th St,
Federal Way, WA 98003
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PET FRIENDLYTotal price$1,410 - $2,001/mo1-2 Beds1-2 BathsBayview Apartment Homes | 30911 1st Ave S,
Federal Way, WA 98003
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SPECIAL OFFERPET FRIENDLY$1,750 - $2,850/mo2-4 Beds1-2 BathsBlue Ridge Apartments | 28606 Pacific Hwy S,
Federal Way, WA 98003- PET FRIENDLY
SPECIAL OFFERPET FRIENDLY
NEW - 7 HRS AGO
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Average Rent Trends in 98003
Rent in 98003 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in Jan 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,890 |
| Nov 2025 | $1,799 |
| Dec 2025 | $1,795 |
| Jan 2026 | $1,800 |
| Feb 2026 | $1,800 |
| Mar 2026 | $1,800 |
| Apr 2026 | $1,850 |
| May 2026 | $1,811 |
| Jun 2026 | $1,800 |
| Jul 2026 | $1,895 |
| Aug 2026 | $1,894 |
| Sep 2026 | $1,838 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,550 | $1,870 | $2,600 | $2,850 | $1,950 |
| Townhomes | — | $2,395 | $2,600 | — | $2,600 |
| Apartments and Condos | $1,550 | $1,950 | $2,650 | $2,795 | $1,950 |
| Houses | — | $2,195 | $3,100 | $3,090 | $3,100 |
Frequently Asked Questions about Rentals in 98003
- What is the average rent of an apartment in 98003?The average rent of an apartment in 98003 is $1,837 per month. This is about 6% lower than the national average.
- What are the cheapest months to find an apartment to rent in 98003?Last year, the cheapest month to find an apartment to rent was Aug 2025 when it was $1,795 per month.
- How many cheap apartments are available in 98003?There are 43 apartments to rent that are cheaper than the city’s average rent of $1,950.
- When is the average rent most expensive in 98003?In the last year, the average rent in 98003 was highest in Jan 2025 when it was $1,909 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 98003?The average rent of a 1 bedroom apartment in 98003 is $1,550 per month. That is about $55 less than the cost of a studio apartment.
- What are some cities near 98003?
View this page in Spanish: Apartamentos baratos en renta en 98003 - 300 Rentas | Trulia