Updated 5+ Days Ago
Highlights
- Wood-burning fireplace
- Reserved covered parking
- Major conveniences
Location
34029 1st Pl S, Federal Way, WA 98003, USA
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Property Overview
Panther Lake Lot 49 offers strong overall value with an 8 out of 10 expert rating, supported by especially high marks for price and location. Its wood-burning fireplace, reserved covered parking, and nearby conveniences add appeal, while close access to grocery options, public transit, and well-rated schools strengthens its everyday practicality.
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
Elementary school nearby- Middle school nearby
Floor plans
| 1X1 | 1 bed | 1 bath | 700 sqft | $1,595 /mo | 1 unit available | 1 Bedroom Flat Marketing Description2 Bedroom / 1 Bath Washer & Dyer in each home. Wood-Burning Fireplace Reserved covered parking. Adjacent to I-5 & all Major Conveniences Water/Sewer/Garbage flat rate of $173.00 monthly. MOVE IN SPECIAL: 1/2 MONTH OFF WITH 1 YEAR LEASE. |
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Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 4 |
|---|
About Panther Lake Lot 49
1 Bedroom Flat Marketing Description2 Bedroom / 1 Bath Washer & Dyer in each home. Wood-Burning Fireplace Reserved covered parking. Adjacent to I-5 & all Major Conveniences Water/Sewer/Garbage flat rate of $173.00 monthly. MOVE IN SPECIAL: 1/2 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 49 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Panther Lake Lot 49 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 49 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 49 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 49 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 49 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 49 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 49 compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.3 miles away
- Middle school nearby
- There is a middle school 0.6 miles away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1.3 miles away
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Rent trends in Federal Way
1-bedroom apartments at Panther Lake Lot 49 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
| Month | Median Rent |
|---|---|
| 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 34029 1st Pl S?
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
$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 49
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-
Neighborhood
Getting around Federal Way near 34029 1st Pl S
Walking
5/10
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 34029 1st Pl S, Federal Way
Groceries
2/10
Closest supermarket further than a 30-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Parks
9/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
2/10
Few or no bars within walking distance
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