Rent by ZIP · King County
Rent in Federal Way, WA 98003
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,240 (+2.3% vs FY2026). Renters in this ZIP code pay a median $1,723 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,840 | $1,820 | +1.1% | $1,656–2,024 | $1,615 ±$134 |
| 1 bedroom | $1,920 | $1,880 | +2.1% | $1,728–2,112 | $1,390 ±$65 |
| 2 bedrooms | $2,240 | $2,190 | +2.3% | $2,016–2,464 | $1,853 ±$67 |
| 3 bedrooms | $2,920 | $2,870 | +1.7% | $2,628–3,212 | $2,196 ±$88 |
| 4 bedrooms | $3,470 | $3,370 | +3% | $3,123–3,817 | $2,182 ±$414 |
Small Area FMRs for the Seattle-Bellevue, WA HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Seattle-Bellevue, WA HUD Metro FMR Area, 2 bedrooms: $2,549.
What renters pay in 98003
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 98002 | Auburn | $2,040 | $1,692 |
| 98004 | Bellevue | $3,820 | $3,183 |
| 98001 | Auburn | $2,600 | $2,142 |
| 98005 | Bellevue | $2,950 | $2,605 |
| 98006 | Bellevue | $3,560 | $2,316 |
| 98007 | Bellevue | $3,030 | $2,437 |
Fair Market Rents across King County, WA · All WA counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.