5+ Days Ago
Highlights
- Covered parking
- Fireplace
- Washer/dryer
- Updated unit
Location
34001 1st Cir S, Federal Way, WA 98003, USA
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Property Overview
Panther Lake Lot 33 presents an excellent living option, reflected in its strong Zumper expert rating of 8/10. The property's competitive pricing and impressive amenities, such as covered parking and an updated unit, enhance its value. Its prime location offers convenient access to public transport, grocery stores, and top-rated schools, affirming its appeal within the community.
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
More space- Middle school nearby
Floor plans
| 2X1.5 | 2 bed | 1.5 bath | 1,050 sqft | $1,950 /mo | 2 units available | 2 Bedroom 1.5 Bathroom Updated Unit. Washer/Dryer in unit and fireplace as well. Covered parking at no additional cost. Water/Sewer/Garbage is a flat rate of $145.00 and not included in the rent. MOVE IN SPECIAL: HALF MONTH OFF WITH 1 YEAR LEASE. |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 4 |
|---|
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About Panther Lake Lot 33
2 Bedroom 1.5 Bathroom Updated Unit. Washer/Dryer in unit and fireplace as well. Covered parking at no additional cost. Water/Sewer/Garbage is a flat rate of $145.00 and 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 33 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Panther Lake Lot 33 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 33 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 33 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 33 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 33 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 33 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 33 compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 50 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 1 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
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Rent trends in Federal Way
2-bedroom apartments at Panther Lake Lot 33 cost about 9% 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 34001 1st Cir S?
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
$78,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $78,000 annually to afford this 2-bedrooms monthly rent price of $1,950.
For more information on rent affordability, visit our rent calculator.
Schools near Panther Lake Lot 33
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 33
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Federal Way near 34001 1st Cir S
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
3/10
There are a few mass transit options within the area.
Points of interest for 34001 1st Cir S, 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 a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
4/10
At least one high school within a 20-minute walk
Parks
9/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
2/10
Some bars within walking distance
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