Average Rent in 98063, Federal Way, WA
Based on HUD's 2026 Small Area Fair Market Rent data — updated annually.
| Unit size | Typical rent |
|---|---|
| Studio | $2,110/mo |
| 1 Bedroom | $2,190/mo |
| 2 Bedroom | $2,550/mo |
| 3 Bedroom | $3,340/mo |
| 4+ Bedroom | $3,920/mo |
A 2-bedroom apartment in 98063 runs about 1% below the Seattle-Bellevue metro average of $2,571/month. Rent varies block by block within any metro area — this figure reflects HUD's official Small Area Fair Market Rent for this specific ZIP code, not a metro-wide estimate.
Renewing your lease in 98063?
See how your renewal offer compares to this ZIP code's real market data, and get a free negotiation counteroffer if you have room to push back.
Check My Renewal →Source: HUD Small Area Fair Market Rents, 2026. See rent across every ZIP code in this area on the Seattle-Bellevue rent guide.