Kent / Federal Way, WA
June 2026
98003,98023,98030,98032
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,565 – $1,730 | -1.04% | -0.78% |
| 2-Bedroom | $1,810 – $2,001 | -1.57% | -1.61% |
| 3-Bedroom | $2,301 – $2,543 | 0.30% | -1.76% |
| 4-Bedroom | $3,878 – $4,373 | 3.31% | -7.33% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,567 – $1,670 | -5.46% | -5.08% |
| 2-Bedroom | $1,863 – $1,959 | 0.88% | -1.64% |
| 3-Bedroom | $2,509 – $2,664 | 1.97% | 1.74% |
| 4-Bedroom | $4,353 – $4,668 | 1.15% | -0.95% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,249 – $2,436 | -3.99% | -13.18% |
| 2-Bedroom | $2,622 – $2,869 | 3.89% | -10.72% |
| 3-Bedroom | $2,901 – $3,219 | -1.21% | -3.77% |
| 4-Bedroom | $3,458 – $3,708 | -1.72% | -2.39% |
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.