Long-term Rental Rates — September 2026 · ZIPs: 98003,98023,98198
Local market data by Estaite
As of September 2026, rental prices in Federal Way / Des Moines (98003, 98023, 98198), in the Seattle metro area, range from $1,589 to $4,614 per month depending on property type and bedroom count.
The largest year-over-year decline occurred in 4BR apartments in Federal Way / Des Moines, WA, dropping -28.14%.
For 3-bedroom units, single-family homes have a median rent of $2,977 while condo/townhomes are lower at $2,664.
What is the rent range in Federal Way / Des Moines, WA for September 2026?
In September 2026, rents in Federal Way / Des Moines, WA span from $1,589 for a 1BR apartment up to $4,614 for a 4BR condo/townhome.
How much more expensive are single-family rentals versus condos/townhomes for a 1-bedroom in Federal Way / Des Moines, WA?
For 1-bedroom units, single-family homes rent for $2,516, which is $806 higher than the $1,710 median for condos/townhomes in Federal Way / Des Moines, WA as of September 2026.
Which segment had the largest annual rent decline in Federal Way / Des Moines, WA, and was it widespread?
The steepest year-over-year drop was seen in 4BR apartments, decreasing -28.14%; this decline is concentrated in that bedroom count, as other apartment segments ranged from -2.53% to -3.88% YoY.
Is there an unusual monthly rent change in Federal Way / Des Moines, WA?
Yes, 4BR apartments saw an unusually large month-over-month change of -21.51%, dropping to $3,250 in September 2026.
Federal Way / Des Moines, WA· Seattle metro
September 2026
98003,98023,98198
Long-term Rental Rates
Long-term rental rates for Federal Way / Des Moines (98003,98023,98198), in the Seattle metro area, as of September 2026.
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,510 – $1,669
2.88%
-2.53%
2-Bedroom
$1,767 – $1,953
3.67%
-2.68%
3-Bedroom
$2,230 – $2,465
-0.40%
-3.88%
4-Bedroom
$3,071 – $3,429
-21.51%
-28.14%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,655 – $1,764
0.07%
-4.56%
2-Bedroom
$1,883 – $2,020
-1.86%
-6.41%
3-Bedroom
$2,584 – $2,744
3.20%
-1.37%
4-Bedroom
$4,453 – $4,776
0.26%
-1.68%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,402 – $2,629
2.03%
-10.14%
2-Bedroom
$2,418 – $2,646
-0.94%
-21.12%
3-Bedroom
$2,822 – $3,132
0.61%
-5.37%
4-Bedroom
$3,254 – $3,611
0.31%
-3.92%
Data updated: October 19, 2026
Federal Way / Des Moines Rental Trends · Seattle metro
In the Federal Way / Des Moines (98003, 98023, 98198) rental market, 2-bedroom apartments saw median rent reach $1,874 after a monthly increase of 2.83%. However, this marks a year-over-year decline of 1.94%, signaling some short-term gains that have yet to offset annual softness for this property type.
Median rent for 1-bedroom condos in Federal Way / Des Moines (98003, 98023, 98198) reached $1,731, outpacing 1-bedroom apartments by $125. Condos posted a 3.28% rise and 1.12% annual growth, while apartment rents fell 0.96% year-over-year to $1,606, spotlighting stronger condo performance for this segment.
Annual shifts in Federal Way / Des Moines (98003, 98023, 98198) rental trends show 4-bedroom single-family homes had a median rent of $3,528, down 0.95% from last year. This annual dip is minor compared to the larger 9.64% drop posted by 4-bedroom apartments in the same period.