Kent / Federal Way, WA
August 2026
98003,98023,98030,98032
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,520 – $1,680 | -0.65% | -5.04% |
| 2-Bedroom | $1,827 – $2,019 | 0.10% | -2.70% |
| 3-Bedroom | $2,335 – $2,581 | 0.77% | -0.89% |
| 4-Bedroom | $4,027 – $4,514 | 1.83% | -5.91% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,633 – $1,717 | -1.32% | -1.32% |
| 2-Bedroom | $1,909 – $2,007 | 2.03% | -1.23% |
| 3-Bedroom | $2,493 – $2,647 | -2.18% | -0.38% |
| 4-Bedroom | $4,461 – $4,784 | 0.53% | -1.06% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,712 – $2,880 | 7.76% | 1.11% |
| 2-Bedroom | $2,679 – $2,931 | -6.08% | -11.24% |
| 3-Bedroom | $2,847 – $3,159 | -1.08% | -3.40% |
| 4-Bedroom | $3,222 – $3,576 | -3.88% | -5.89% |
In the Kent / Federal Way (98003, 98023, 98030, 98032) rental market, 1-bedroom apartments now command a median rent of $1,648 after a notable month-over-month gain of 4.51%. Year-over-year growth stands at 1.25%, marking a clear upward movement among smaller apartment units within Kent / Federal Way (98003, 98023, 98030, 98032).
Renters seeking larger homes in Kent / Federal Way (98003, 98023, 98030, 98032) find 3-bedroom single-family rentals priced at $3,075, outpacing 3-bedroom apartments by $692. The single-family segment recorded a 3.27% month-over-month rise, while apartments of the same size reported a 1.67% gain, highlighting stronger pricing in detached units.
Current Kent / Federal Way (98003, 98023, 98030, 98032) rental trends indicate that 2-bedroom condo/townhome units reached $1,918, with a 0.86% month-over-month and 0.18% year-over-year increase. This contrasts with 2-bedroom apartments, which saw YoY rents fall 2.96%, suggesting relative strength in the condo/townhome segment.