Zumper
modified
Updated 5+ Days Ago

Highlights

  • Wood burning fireplace
  • Reserved cover parking
  • Amenities: washer/dryer in unit
  • Major conveniences

Location

34018 1st Cir S, Federal Way, WA 98003, USA
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Contact

Management

Panther Lake Apartments

Leasing office

(253) 719-8543

Property Overview

Panther Lake Lot 40 earns strong marks overall, with a high rating driven by excellent value, a well-rounded amenities package, and a highly convenient location. Notable features include a wood-burning fireplace, reserved covered parking, and an in-unit washer/dryer, while nearby top-rated elementary and middle schools add to its appeal.

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

8.0
Very Good
With a solid 8 out of 10 overall, Panther Lake Lot 40 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Panther Lake Lot 40 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

  • Elementary school nearby
  • Middle school nearby

Floor plans

One Bedroom Loft1 bed1 bath700 sqft$1,595 /mo1 unit availableAmenities: Washer/Dryer in the unit, wood burning fireplace, reserved Cover Parking. Adjacent to I-5 & all Major Conveniences. Lease: 6, 9, 12 Pet policy- maximum 2 pet per Apartment: - Cat or Dogs-fully grown adult size of 20lbs limited, -$200 per pet deposit AND $200 one-time non-refundable pet fee. -Service animals, no size limit but must provide documents MOVE IN SPECIAL : ½ of first month off with one year lease

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Amenities for Panther Lake Lot 40

Appliances

DishwasherRange/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

Units4
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About Panther Lake Lot 40

HomeApartments in Federal Way Panther Lake Lot 40

Amenities: Washer/Dryer in the unit, wood burning fireplace, reserved Cover Parking. Adjacent to I-5 & all Major Conveniences. Lease: 6, 9, 12 Pet policy- maximum 2 pet per Apartment: - Cat or Dogs-fully grown adult size of 20lbs limited, -$200 per pet deposit AND $200 one-time non-refundable pet fee. -Service animals, no size limit but must provide documents MOVE IN SPECIAL : ½ of first month off with one 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 Good
With a solid 8 out of 10 overall, Panther Lake Lot 40 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Panther Lake Lot 40 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 Panther Lake Lot 40
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 40 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 40 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 40 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 40 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 40 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 40 compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.3 mile away
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

1-bedroom apartments at Panther Lake Lot 40 cost about 4% more than the average rent price for 1-bedroom 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$1,131
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 34018 1st Cir S?

Bedrooms

1 bedroom

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

$63,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $63,800 annually to afford this 1-bedroom monthly rent price of $1,595.
For more information on rent affordability, visit our rent calculator.

Schools near Panther Lake Lot 40

Panther Lake Elementary School

34424 1st av s

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

Internet Academy

31455 28th ave s

federal way, WA, 98003

PK, K-12Public
B

Fife Elementary School

5804 20th st e

tacoma, WA, 98424

K-5Public
B-
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Internet available near Panther Lake Lot 40

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Federal Way near 34018 1st Cir S

Walking

6/10
Some shops and stores are within a few minutes.

Driving

9/10
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 34018 1st Cir S, Federal Way

Groceries

5/10
Variety of groceries within a short drive

Shopping

5/10
Variety of shops within a short drive

Cafes

5/10
Variety of cafés within a short drive

Restaurants

7/10
Wide variety of restaurants within a short drive, including some within walking distance

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 30-minute walk

Parks

9/10
Very large amount of park space within a few minutes' walk

Nightlife

5/10
Variety of bars within a short drive

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