Rent by ZIP · King County
Rent in Federal Way, WA 98023
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,340 (+0.9% vs FY2026). Renters in this ZIP code pay a median $1,900 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,920 | $1,920 | 0% | $1,728–2,112 | $1,532 ±$269 |
| 1 bedroom | $2,000 | $1,990 | +0.5% | $1,800–2,200 | $1,619 ±$68 |
| 2 bedrooms | $2,340 | $2,320 | +0.9% | $2,106–2,574 | $1,809 ±$74 |
| 3 bedrooms | $3,050 | $3,040 | +0.3% | $2,745–3,355 | $2,511 ±$173 |
| 4 bedrooms | $3,630 | $3,570 | +1.7% | $3,267–3,993 | $2,869 ±$261 |
Small Area FMRs for the Seattle-Bellevue, WA HUD Metro FMR Area. This ZIP code is in more than one HUD area; figures are for the main one. 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 98023
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 |
|---|---|---|---|
| 98022 | Enumclaw | $2,130 | $1,743 |
| 98024 | Fall City | $2,970 | – |
| 98021 | Bothell | $3,170 | $2,490 |
| 98020 | Edmonds | $2,410 | $2,027 |
| 98026 | Edmonds | $2,370 | $1,926 |
| 98019 | Duvall | $3,480 | $1,767 |
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.