2 Days Ago
Highlights
- Dishwasher
- Washer & dryer
- Professionally managed
- Fireplace
- New appliances
- Energy efficiency
Location
2201 S 312th St, Federal Way, WA 98003, USA
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Floor plans
| 258 1x1T RENO | 1 bed | 1 bath | 725 sqft | $1,799 /mo | 1 unit available | Whether you want to walk over to Steel Lake Park, the Transit Center, or to the Commons Mall, everything is close and convenient to Steel Lake Plaza Apartment Homes. We offer large one- and two-bedroom apartment homes with a washer & dryer in each home. Our two-bedroom floorplan offers a fireplace and an additional half-bathroom. All homes have a patio/balcony with extra storage and include one assigned parking space in the rent. We have a great play area and are directly on a bus-line for schools and public transportation. All apartment homes have been updated with new appliances, a dishwasher and forced air heat for energy efficiency. Not to mention we're two minutes away from two I-5 on-ramps, talk about a quick commute! Come Live at Steel Lake Plaza and enjoy all that Federal Way has to offer at your fingertips! |
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Policies and fees
No pets allowed.
Building details
Property details
| Units | 54 |
|---|
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About Steel Lake Plaza
Thanks for checking out Steel Lake Plaza Apartments. We are a locally owned and professionally managed community in Federal Way, WA. Whether you want to walk over to Steel Lake Park, the Transit Center, or to the Commons Mall, everything is close and convenient to Steel Lake Plaza Apartment Homes. We offer large one- and two-bedroom apartment homes with a washer & dryer in each home. Our two-bedroom floorplan offers a fireplace and an additional half-bathroom. All homes have a patio/balcony with extra storage and include one assigned parking space in the rent. We have a great play area and are directly on a bus-line for schools and public transportation. All apartment homes have been updated with new appliances, a dishwasher and forced air heat for energy efficiency. Not to mention we're two minutes away from two I-5 on-ramps, talk about a quick commute! Come Live at Steel Lake Plaza and enjoy all that Federal Way has to offer at your fingertips!
Reviews from the web
Showing 8 highest rated
Marilyn, the community manager, is absolutely amazing! She made our move in and applying process so easy. So refreshing to see someone who is a kindhearted person, especially these days. Thank you very much, Marilyn - on behalf our entire family!
Vladi Sevoyan
Nov 06, 2022
She’s very nice! She’s a good Manager
Sukh money
Aug 23, 2024
We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Steel Lake Plaza compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
Considerations
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Federal Way
1-bedroom apartments at Steel Lake Plaza cost about 18% more than the average rent price for 1-bedroom apartments in Federal Way.
Median rents as of Sep 6 2025.
Federal Way
| Month | Median Rent |
|---|---|
| September 2023 | $1,263 |
| October 2023 | $1,225 |
| November 2023 | $1,213 |
| December 2023 | $1,286 |
| January 2024 | $1,341 |
| March 2024 | $1,379 |
| April 2024 | $1,387 |
| May 2024 | $1,325 |
| June 2024 | $1,374 |
| July 2024 | $1,278 |
| August 2024 | $1,196 |
| September 2024 | $1,163 |
| October 2024 | $1,066 |
| November 2024 | $1,066 |
| December 2024 | $1,066 |
| January 2025 | $1,066 |
| February 2025 | $1,066 |
| March 2025 | $1,066 |
| June 2025 | $1,198 |
| July 2025 | $1,198 |
| August 2025 | $1,198 |
| September 2025 | $1,300 |
Affordability calculator
Can I afford to live at 2201 S 312th St?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$71,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $71,960 annually to afford this 1-bedroom monthly rent price of $1,799.
For more information on rent affordability, visit our rent calculator.
Schools near Steel Lake Plaza
Internet Academy
31455 28th ave s
federal way, WA, 98003
PK, K-12Public
B
Mirror Lake Elementary School
625 s 314th st
federal way, WA, 98003
PK, K-5Public
C+
Support School
33330 8th ave s
federal way, WA, 98003
PK, K-12Public
Federal Way Public School ECEAP
33330 8th ave s
federal way, WA, 98003
PKPublic
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Internet available near Steel Lake Plaza
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Federal Way near 2201 S 312th St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 2201 S 312th St, Federal Way
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
7/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
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