Property Management Companies in Federal Way, WA

Compare 7 local companies in Federal Way. Pick up to 3 and send one free quote request.

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Typical asking rent $1,944 · +2.5% in a year See the rental market

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7managers listed
4.1★average Google rating
$1,944typical rent · +2.5% in a year
44.7%of homes rented
$552,800median home value

Top picks in Federal Way

Picked by our rules (rating adjusted for review count, number of reviews, years in business), not paid placement.

7 property managers in Federal Way

Tick Compare on up to 3 companies to see them side by side and request quotes from all of them at once.

Best match = Google rating adjusted for number of reviews. How it works

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  • Orange Door Property Management

    ★ User Recommended4.9★ from 38 Google reviews; newest reviews average 5.0★. Score = rating adjusted for review count. Read all reviews on Google

    33434 8th Ave S, Federal Way, WA 98003

    4.9 (38 Google reviews)Recently reviewed

    Orange Door Property Management is a Federal Way company that manages rental properties for owners in the Federal Way and Tacoma area, handling leasing, tenant care and vendor coordination.

    In their words: “At Orange Door Property Management, we do all the work!”

    Review summary: Reviewers consistently describe a responsive, caring team that makes renting easy and treats owners, tenants and vendors well.

  • RentLucky

    100+ Google reviews4.7★ from 142 Google reviews; newest reviews average 3.8★. Score = rating adjusted for review count. Read all reviews on Google

    202 S 348th St #2, Federal Way, WA 98003

    4.7 (142 Google reviews)Recently reviewed

    RentLucky is a full-service Federal Way company serving property owners and tenants across the Puget Sound region, managing single-family homes and higher-end rental properties.

    Review summary: Reviewers often mention help finding good tenants, a helpful and caring team and quick responses, though some tenants report problems.

  • Haven Property Management

    100+ Google reviews4.5★ from 222 Google reviews; newest reviews average 3.9★. Score = rating adjusted for review count. Read all reviews on Google🏅 10+ years in business

    33600 6th Ave S Suite 220, Federal Way, WA 98003

    4.5 (222 Google reviews)Recently reviewed

    Haven Property Management is a Federal Way firm founded in 2014 that manages single-family rental homes in Federal Way, Puyallup and the greater Puget Sound area, offering leasing, management and accounting.

    In their words: “Our simplified process is designed to make things easier on home owners with rental properties throughout the Greater Puget Sound.”

    Review summary: Most reviewers mention responsive staff, prompt handling of maintenance requests and a smooth leasing and move-in process.

  • Sensible Home Management

    1911 SW Campus Dr, Federal Way, WA 98023

    4.3 (44 Google reviews)Recently reviewed

    Sensible Home Management is a Federal Way company managing rental homes for investors and homeowners in South King and Pierce counties, using market knowledge and marketing tools to place tenants.

    Review summary: Most reviewers describe a responsive, easy-to-work-with team, though some renters report slow repairs and move-out disputes.

  • Record Property Management

    1600-B SW Dash Point Rd #2019, Federal Way, WA 98023

    No Google reviews yet

    Record Property Management is a property management company with an office in Federal Way, Washington, offering rental property management to owners in the Federal Way area.

  • Zaran Sayre & Associates

    🏅 20+ years in business

    30504 Pacific Hwy S, Federal Way, WA 98003

    3.5 (68 Google reviews)

    Zaran Sayre & Associates is a Federal Way company operating in the Puget Sound area since 1981, managing single-family homes, multi-unit buildings, condos, commercial properties and HOAs in Federal Way, Tacoma and nearby communities.

    Review summary: Reviewers often describe professional, responsive staff who answer questions quickly and handle maintenance requests.

  • Targa Real Estate Services

    🏅 20+ years in business

    720 S 348th St #2, Federal Way, WA 98003

    2.5 (223 Google reviews)

    Targa Real Estate Services, established in 1987 and based in Federal Way, manages multifamily, self storage, single-family, commercial and HOA properties across the Puget Sound, including Yelm, Tacoma, Puyallup and Sumner, with marketing, screening, rent collection, maintenance, budgeting and accounting.

    In their words: “Our full range of property management services includes marketing, tenant screening and placement, rent collection, inspections, maintenance services, as well as financial budgeting, reporting, and accounting.”

The map needs JavaScript. Every company's address is in its card.

Pins show office addresses; numbers match the Best match order. Companies that don't publish an address are listed as "Serves the Federal Way area" and get no pin.

Federal Way rental market

Get the latest rental and real estate data on the Federal Way market. We update these charts with the latest data on the 22nd of each month.

Rent pulse

Typical asking rent$1,944a month in Federal Way
1-year change+2.5%county +1.6%
5-year change+11.8%county +14.6%
vs county−$379county typical $2,323

Rents in Federal Way are $379 below the King County typical.

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed. Data through September 2026.

12-month momentum

Rent rose in 7 of the last 12 months: +$48 in all since Oct 2025.

Green: rent went up that month. Grey: it went down.

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed. Data through September 2026.

Rent over time

$1,700$1,800$1,900$2,000$2,100$2,200$2,300$2,40020222023202420252026
Federal WayKing County

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed. Data through September 2026.

City premium over county

Now
−$379
1 year ago
−$391
5 years ago
−$288

Federal Way's typical asking rent is $379 (16.3%) below the county. The gap is shrinking compared with a year ago.

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed. Data through September 2026.

King County rent ladder

Federal Way is number 27 of 28 cities in the county by typical asking rent.

  1. Sammamish$3,350+3.7%
  2. Snoqualmie$3,312+3.1%
  3. Black Diamond$3,103+0.2%
  4. Maple Valley$2,985+1.5%
  5. North Bend$2,958−0.1%
  6. Issaquah$2,929+2.6%
  7. Mercer Island$2,796+4.8%
  8. Bellevue$2,759+1.6%
  9. Lake Forest Park$2,710+1.5%
  10. Kenmore$2,623+1.7%
  11. Kirkland$2,619+3.5%
  12. Redmond$2,577+4.1%
  13. Woodinville$2,560+2.9%
  14. Bothell$2,523+2.0%
  15. Covington$2,491+6.7%
  16. Newcastle$2,461+2.0%
  17. Renton$2,252+3.0%
  18. Seattle$2,227+0.5%
  19. Bryn Mawr-Skyway$2,068+4.9%
  20. Enumclaw$2,060+1.9%
  21. Des Moines$2,055+5.3%
  22. Auburn$2,032+3.5%
  23. Tukwila$1,990+0.2%
  24. Shoreline$1,971+1.5%
  25. Kent$1,958+0.4%
  26. SeaTac$1,947+5.2%
  27. Federal Way$1,944+2.5%
  28. Burien$1,748+2.9%

Cities with at least 13 months of Zillow data. Left out (too few months): Duvall, Pacific. Linked cities have their own page.

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed, 1-year change. Data through September 2026.

Best months to list

Rents here usually rise most in April, May and June, so those are good months to list your rental.

  1. Jan+0.23%
  2. Feb+0.59%
  3. Mar+0.68%
  4. Apr+0.75%
  5. May+0.86%
  6. Jun+1.14%
  7. Jul+0.73%
  8. Aug+0.69%
  9. Sep−0.13%
  10. Oct−0.09%
  11. Nov−0.43%
  12. Dec+0.05%

Average change from the month before, 11 years of data.

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed. Data through September 2026.

Rental income growth calculator

In 1 year at 2.53% (last year's local growth)–
In 5 years at 2.25% a year (5-year local average)–

Past growth, not a forecast. Rents can go down as well as up. Your own rent depends on the home, its condition and the lease.

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed. Data through September 2026.

Rent in nearby cities

CityTypical rent1 yearManagers
Federal Way$1,944+2.5%7
Fife$1,794+1.3%0
Auburn$2,032+3.5%6
Tacoma$1,773+2.1%27
Sumner$2,219+3.5%3
Kent$1,958+0.4%3
SeaTac$1,947+5.2%0

Source: Zillow Observed Rent Index (ZORI), typical asking rent, data through September 2026. Managers listed: our directory, October 2026.

More local facts for owners

Renters and vacancy

44.7%of homes in Federal Way are rented (15,960 households)
Rental vacancy rate
4.4%
County vacancy rate
5.3%
Median rent paid
$1,797
Median home value
$552,800

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2020-2024.

HUD Fair Market Rents

Studio$2,091
1 bedroom$2,180
2 bedrooms$2,549
3 bedrooms$3,324
4 bedrooms$3,954

Source: U.S. Department of Housing and Urban Development, Fair Market Rents for fiscal year 2027, Seattle-Bellevue, WA HUD Metro FMR Area. Used to set Housing Choice Voucher (Section 8) limits.

Where Federal Way managers also work

Areas the companies on this page list on their own websites. Linked places have their own page.

Questions to ask before you hire

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Property management in Federal Way

Compare the 7 property management companies in Federal Way, King County. Tick up to 3 to see them side by side, then request free quotes from all of them in one step. Highly rated managers based nearby, in Sumner and Milton, are listed below the local companies.

Zillow's typical asking rent in Federal Way is $1,944 (September 2026); +2.5% over the past year and +11.8% over five years. About 44.7% of homes in Federal Way are rented, and the rental vacancy rate is 4.4% (Census, 2020-2024).

Federal Way property management FAQ

How many property management companies are in Federal Way?

We list 7 property management companies in Federal Way, WA.

What is the typical rent in Federal Way?

Zillow's typical asking rent in Federal Way was $1,944 a month in September 2026, +2.5% on a year earlier.

When is the best time to list a rental in Federal Way?

Over the 11 years Zillow has tracked, asking rents here have risen most in April, May and June. Listing in those months can help, but every property is different.

How much do property managers charge in Federal Way?

Fees depend on the company, the property and the services you need, and few companies publish them. Ask for a written quote that lists the monthly fee, leasing fee and any other charges. You can request quotes from up to 3 managers at once on this page.

How do you rank the companies?

The default order, Best match, uses each company's Google rating adjusted for how many reviews it has, so a 4.8 rating from 100 reviews ranks above a 5.0 from 2. No company can pay for its position.

Is it free to request quotes?

Yes. Requesting quotes is free for property owners and there is no obligation to hire anyone.

Property managers near Federal Way

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