Luxury Apartments for Rent in 98003
84 rentals
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SPECIAL OFFERPET FRIENDLY$1,750 - $2,850/mo
2-4 Beds
1-2 BathsBlue Ridge Apartments | 28606 Pacific Hwy S,
Federal Way, WA 98003
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SPECIAL OFFERPET FRIENDLYTotal price$1,327 - $2,316/mo1-3 Beds1-2 BathsAvana Star Lake | 2211 S Star Lake Rd,
Federal Way, WA 98003
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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 stayed about the same in Aug 2026 compared to the previous month. Rent previously peaked in Jan 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,895 |
| 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 |
Average Rent By Bedroom and Home Type
In August 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,568 | $1,866 | $2,284 | $2,850 | $1,875 |
| Townhomes | — | $1,850 | $3,400 | — | $1,850 |
| Apartments and Condos | $1,400 | $1,918 | $2,400 | — | $2,000 |
| Houses | — | $2,195 | $3,100 | $3,231 | $3,150 |
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 $1,867 per month. This is about 5% lower than the national average.
- When is the average rent cheapest in 98003?In the last year, the average rent in 98003 was lowest in Aug 2025 when it was $1,795 per month.
- 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 $1,568 per month. That is about $218 more than the cost of a studio apartment.
- How many available rental listings are in 98003?There are 87 available rental listings in 98003.
- What are some cities near 98003?
View this page in Spanish: Apartamentos de lujo en renta en 98003 - 278 Rentas | Trulia