Zumper
modified
Updated 2 Days Ago

Highlights

  • Dishwasher
  • Washer & dryer
  • Professionally managed
  • Fireplace
  • New appliances
  • Energy efficiency

Location

2201 S 312th St, Federal Way, WA 98003, USA
Hi! Let’s figure out if this property is right for you.

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Tour Steel Lake Plaza

Contact

Management

SeaTac Village Apartments

Leasing office

(253) 946-0817

Property Overview

Steel Lake Plaza is rated highly overall, with strong marks for price, amenities, location, and trustworthiness. It offers practical features like a dishwasher, washer and dryer, fireplace, new appliances, energy efficiency, and professional management, plus convenient access to top-rated schools nearby.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.1
Very Good
With a solid 8.1 out of 10 overall, Steel Lake Plaza is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Steel Lake Plaza has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • Elementary school nearby

Floor plans

258 2X1.5 B2 bed1.5 bath874 sqft$1,975 /mo1 unit available
258 2x1.5T RENO2 bed1.5 bath874 sqft$1,975 /mo1 unit availableWhether 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!

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Units54
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About Steel Lake Plaza

HomeApartments in Federal Way 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!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.1
/10
Very Good
With a solid 8.1 out of 10 overall, Steel Lake Plaza is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Steel Lake Plaza has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Steel Lake Plaza
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Steel Lake Plaza stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Steel Lake Plaza is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Steel Lake Plaza is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Steel Lake Plaza does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

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

Vladi Sevoyan

Nov 06, 2022

She’s very nice! She’s a good Manager

Sukh money

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

High school nearby
There is a high school 0.4 mile away
Elementary school nearby
There is an elementary school 0.4 mile away

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away
No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Federal Way

If you decide to upgrade your space, you can expect 2-bedrooms at Steel Lake Plaza to be 11% more than the average for similarly sized apartments in Federal Way.

Median rents as of Apr 18 2026.
Federal Way
A table of studio rental data trends in Federal Way
MonthMedian Rent
September 2024$1,066
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$937
October 2025$695
November 2025$1,064
December 2025$695
January 2026$1,019
February 2026$1,367
March 2026$1,367
April 2026$1,311

Affordability calculator

Can I afford to live at 2201 S 312th St?

Bedrooms

2 bedrooms

Rent-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

$79,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $79,000 annually to afford this 2-bedrooms median monthly rent price of $1,975.
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+

Federal Way Public School ECEAP

33330 8th ave s

federal way, WA, 98003

PKPublic

Support School

33330 8th ave s

federal way, WA, 98003

PK, K-12Public

River Ridge Elementary

22420 military rd s

seatac, WA, 98198

PK, K-6Public
C
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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 supermarket within a 15-minute walk

Shopping

7/10
Several shops within a few minutes’ walk

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Some restaurants within a few minutes’ walk

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
Very large amount of park space within a few minutes' walk

Nightlife

3/10
Some bars within walking distance

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