New Townhomes For Rent in 98023

1 rentals

  • 35017 28th Ave SW, Federal Way, WA 98023
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    NEW - 1 DAY AGO
    PET FRIENDLY
    $1,525/mo
    1 Bed
    1 Bath
    696 sqft
    35017 28th Ave SW,
    Federal Way, WA 98023

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Apartments For Rent Near 98023

We found 30 more apartments matching your filters just outside 98023

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 for a townhome increased in Aug 2026 compared to the previous month. Rent for townhomes peaked in May 2025.
MonthAverage rent
Mar 2025$2,600
Apr 2025$2,295
May 2025$2,995
Jun 2025$2,900
Jul 2025$2,900
Sep 2025$2,550
Oct 2025$2,536
Jan 2026$1,800
Feb 2026$1,550
May 2026$2,000
Aug 2026$2,295
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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 bed2 beds3 beds4 bedsAll
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 Townhomes for rent in 98023

  • When is the average rent for a townhome cheapest in 98023?
    In the last year, the average rent in 98023 was lowest in Apr 2025 when it was $2,295 per month.
  • When is the average rent for a townhome most expensive in 98023?
    In the last year, the average rent in 98023 was highest in May 2025 when it was $2,995 per month.
  • 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: New Townhomes For Rent around 98023 - 727 Townhouses | Trulia