Cheap Apartments for Rent in 98023
59 rentals
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Use arrow keys to navigateNEW - 1 DAY AGOPET FRIENDLY$1,460 - $2,461/mo
1-3 Beds
1-3 BathsGlen Park At West Campus | 952 SW Campus Dr,
Federal Way, WA 98023
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SPECIAL OFFERPET FRIENDLYTotal price$1,699 - $2,527/mo2-3 Beds1-2 BathsAlign Apartments | 35434 25th Ave SW,
Federal Way, WA 98023
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Average Rent Trends in 98023
Rent in 98023 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Sep 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $2,572 |
| Nov 2025 | $2,650 |
| Dec 2025 | $2,500 |
| Jan 2026 | $2,275 |
| Feb 2026 | $2,700 |
| Mar 2026 | $2,500 |
| Apr 2026 | $2,488 |
| May 2026 | $2,600 |
| Jun 2026 | $2,300 |
| Jul 2026 | $2,500 |
| Aug 2026 | $2,500 |
| Sep 2026 | $2,695 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,564 | $2,046 | $2,700 | $3,375 | $2,695 |
| Apartments and Condos | $1,651 | $2,269 | $2,300 | — | $2,269 |
| Houses | $3,350 | $2,500 | $3,150 | $3,375 | $3,300 |
Frequently Asked Questions about Rentals in 98023
- What is the average rent of an apartment in 98023?The average rent of an apartment in 98023 is $1,930 per month. This is about 1% lower than the national average.
- What are the cheapest months to find an apartment to rent in 98023?Last year, the cheapest month to find an apartment to rent was Mar 2025 when it was $2,100 per month.
- How many cheap apartments are available in 98023?There are 29 apartments to rent that are cheaper than the city’s average rent of $2,695.
- When is the average rent most expensive in 98023?In the last year, the average rent in 98023 was highest in Sep 2025 when it was $2,799 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 98023?The average rent of a 1 bedroom apartment in 98023 is $1,564 per month. That is about $131 more than the cost of a studio apartment.
- What are some cities near 98023?Some nearby cities include: Federal Way, Milton, Fife, Algona, Des Moines, Tacoma. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 98023 - 259 Rentas | Trulia