5+ Days Ago
Highlights
- Covered parking
- Fireplace
- Washer/dryer
Location
23 S 338th Pl, Federal Way, WA 98003, USA
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Property Overview
Panther Lake Lot 31 scores well across various factors, achieving an overall Zumper expert rating of 8 out of 10, signaling it as a strong rental option. With competitive pricing and an impressive list of amenities, including covered parking and a fireplace, the property stands out for its location benefits, being conveniently situated near grocery stores and public transport. Additionally, it offers transparency in its description, fostering trust with prospective renters.
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.
Things you’ll love
Images Available
Floor plans
| 2X1.5 | 2 bed | 1.5 bath | 1,009 sqft | $1,850 /mo | 1 unit available | 2 Bedroom 1.5 Bathroom Unit. Washer/Dryer and Fireplace in Unit. Covered parking at no additional cost. Water/Sewer/Garbage is a flat rate of $145.00 that is not included in the rent. MOVE IN SPECIAL: HALF MONTH OFF WITH 1 YEAR LEASE. |
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Amenities for Panther Lake Lot 31
Appliances
| Dishwasher | Range/Oven |
| Refrigerator |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 4 |
|---|
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About Panther Lake Lot 31
2 Bedroom 1.5 Bathroom Unit. Washer/Dryer and Fireplace in Unit. Covered parking at no additional cost. Water/Sewer/Garbage is a flat rate of $145.00 that is not included in the rent. MOVE IN SPECIAL: HALF MONTH OFF WITH 1 YEAR LEASE.
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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, Panther Lake Lot 31 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Panther Lake Lot 31 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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.
Panther Lake Lot 31 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, Panther Lake Lot 31 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.
Panther Lake Lot 31 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 Panther Lake Lot 31 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
Panther Lake Lot 31 provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 Panther Lake Lot 31 compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
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Rent trends in Federal Way
2-bedroom apartments at Panther Lake Lot 31 cost about 3% more than the average rent price for 2-bedroom apartments in Federal Way.
Median rents as of Jan 24 2026.
Federal Way
| Month | Median Rent |
|---|---|
| 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 | $937 |
| October 2025 | $695 |
| November 2025 | $1,064 |
| December 2025 | $695 |
| January 2026 | $954 |
Affordability calculator
Can I afford to live at 23 S 338th Pl?
Bedrooms
2 bedroomsRent-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
$74,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $74,000 annually to afford this 2-bedrooms monthly rent price of $1,850.
For more information on rent affordability, visit our rent calculator.
Schools near Panther Lake Lot 31
Panther Lake Elementary School
34424 1st av s
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
Internet Academy
31455 28th ave s
federal way, WA, 98003
PK, K-12Public
B
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Internet available near Panther Lake Lot 31
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Federal Way near 23 S 338th Pl
Walking
6/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
2/10
There are a few mass transit options within the area.
Points of interest for 23 S 338th Pl, Federal Way
Groceries
2/10
At least one supermarket within a 30-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
2/10
Some bars within walking distance
Explore the area around 23 S 338th Pl
Bels Food International
1001 S 344th St
Europe Food Mart
1505 S 344th St
Grocery Outlet
32945 Pacific Hwy S
Pacific Halal Market
33110 Pacific Hwy S
Fred Meyer
33702 21st Ave SW
Peekay Inc
1420 S 348th St
Walmart Supercenter
34520 16th Ave S
Fusion Decor Boutique
1108 S 322nd Pl
Sierra
1209 S 320th St
Busy Shoes Shoe Repair
1414 S 324th St
Starbucks
164 SW Campus Dr
Raine City Coffee Co
32901 1st Ave S
Gravity Coffee-Fed Way North
33510 Pacific Hwy S
Starbucks
1401 S 348th St
Jamba
1413 S 348th St
J P's Tavern
32925 1st Ave S
Secoma Lanes
34500 Pacific Hwy S
Time Outale House
34525 16th Ave S
Scoreboard Pub Inc
1200 S 324th St
Angelicas Restaurant & Lounge
2323 SW 336th St
The Vitamin Shoppe
1401 S 348th St
Walmart Bakery
34520 16th Ave S
Super Supplements
1401 S 348th Street
Meesum Bakery
1928 S Commons
85C Bakery Cafe
31503 Pacific Hwy S
Panther Lake Park
BPA Trail Site
Saghalie Park
West Hylebos Wetlands Park
English Gardens Park
WinCo Pizza
160 SW Campus Drive
Hana Two Teriyaki Restaurant
106 SW Campus Dr
Neltac Inc
33650 6th Ave S
IHOP
178 SW Campus Dr
J P's Tavern
32925 1st Ave S
1st Way S & 1st Pl S
,
1st Way S & S 340th St
,
1st Way S & 1st Pl S
,
1st Way S & S 340th St
,
1st Way S & S 336th St
,
Auburn Station (Southbound)
Seattle - Tacoma/Lakewood, Seattle - Tacoma/Lakewood
Auburn Station (Northbound)
Seattle - Tacoma/Lakewood, Seattle - Tacoma/Lakewood
Tacoma Dome Station
Seattle - Tacoma/Lakewood, Seattle - Tacoma/Lakewood
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