Income restrictions apply Welcome to Park 16 Apartments of Federal Way! We are proud to be one of the leading providers of affordable rental housing in the State of Washington. We offer many floor plans, from a 1 bedroom to a 5 bedroom townhome. We are confident that living here will be a rewarding experience and look forward to assisting you in finding your ideal apartment home here at Park 16 Apartments! Life is Better Here!
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Park 16 by bedroom type below.
1 Bedroom
Suggested income:
$51,900
per year
2 Bedroom
Suggested income:
$63,700
per year
3 Bedroom
Suggested income:
$78,000
per year
4 Bedroom
Suggested income:
$86,300
per year
5 Bedroom
Suggested income:
$96,200
per year
Rent report
Park 16 Rent vs. Federal Way Average
Park 16
Federal Way Average
1BR
$1,441
$1,626
$0
$550
$1,100
$1,650
$2,200
2BR
$1,769
$2,005
$0
$700
$1,400
$2,100
$2,800
3BR
$2,167
$2,606
$0
$850
$1,700
$2,550
$3,400
4BR
$2,396
$2,645
$0
$900
$1,800
$2,700
$3,600
5BR
$2,673
$3,210
$0
$1,050
$2,100
$3,150
$4,200
Park 16 is asking 11%
less than the average 1 bedroom apartment in
Federal Way.
If you upsized to an average priced Federal Way 2 bedroom apartment, you would pay
19% more per month.
If you downsized to an average priced Federal Way studio apartment,
you would pay 58% less per month.
Park 16 provides 12%
less square footage than the average
Federal Way 1 bedroom apartment.
Monthly Rent
Rent per Sq. Ft.
Suggested Monthly Income
Park 16
1BR
$1,441
$2.20
$4,323
2BR
$1,769
$1.80
$5,308
3BR
$2,167
$1.90
$6,501
4BR
$2,396
$2.00
$7,188
Federal Way Average
Studio
$1,027
$0.70
$3,080
1BR
$1,626
$2.20
$4,877
2BR
$2,005
$2.00
$6,015
3BR
$2,606
$2.00
$7,817
4BR
$2,645
$1.90
$7,935
Availability in Federal Way
In order to find the best deal, you need to know what types of units are available. Property managers may be willing to
give concessions if they have many vacant units.
There are currently 154 2BR
units on the market in Federal Way. If you're looking to negotiate, this may be your best option.
Yes. There are 32 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 32 units vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 653 to 1,543 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1, 2, 3, 4 and 5 bedroom units available.
How many bathrooms are in the available units?
There are 1, 2 and 3 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,441 to $2,673. Park 16 has 1 bedroom units available starting at $1,441, 2 bedroom units available starting at $1,718, 3 bedroom units available starting at $2,167, 4 bedroom units available starting at $2,396, and 5 bedroom units available starting at $2,673.
Where is this property located?
This property is at 35703 16th Ave. S in Federal Way, WA. It's 2.7 miles south from the center of Federal Way.