Riverstone Apartments
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27314 24th Ave South
Federal Way, WA 98003 (map)
King County

Property Category:


Properties for Individuals and Families

These properties have open eligibility in that they do not restrict occupancy to a particular age population (seniors) or disabled households. Most properties will require that the head of household be over the age of 18 or an emancipated minor. The number of persons in an apartment will be restricted to bedroom size, in most cases, and a few properties have set-aside certain units within their property for seniors and/or persons with a disability. Single persons, roommates, couples and families are welcome at these properties- unless otherwise indicated on the listing.

Please call the MAIN CONTACT on each property listing for specific program or property eligibility.

Approximate Wait:
No waiting list at this time

Availability Detail:

We do not hold a wait list but have a call back list when applicable. To find out if you qualify to live at Riverstone, or to learn more about waiting lists at this property, contact the management office listed below. Visit our property page for additional details at https://www.riverstone-apartments.com

Special Eligibility:

The Riverstone Apartments offer Affordable Low-Moderate Income apartments through the King County Housing Authority. Unlike subsidized housing, KCHA's moderate-income housing serves people who can pay rent priced closer to market rates. Tenants pay a flat rent amount each month based on # of persons in their household, not a percentage of their income. Rental ranges are due to floor plan differences. We gladly accept Housing Choice vouchers for all units.

In general, income must be 2.5 x the amount of rent, however please call for minimum income requirements for our affordable units.


We are temporarily ceasing in-person tours with prospective residents. Virtual tours are available. Call us today for more information!

Known for its aromatic fir trees, native plants and breathtaking views, Federal Way offers an incredible living experience. Here you will find Riverstone, a peaceful community nestled on lush grounds. These apartments for rent are a tribute to the ruggedly beautiful landscape of the Pacific Northwest—with rustic exteriors coated in warm hues that lead to flowing interiors. Choose from a selection of studio, one, two and three bedroom floor plans with spacious living areas, fully equipped kitchens and private balconies. The homes also include thoughtful details such as wood-burning fireplaces, full-size washer and dryer sets and walk-in closets.

Step outside to enjoy a community-centric setting where you can unwind in an indoor Jacuzzi, socialize with neighbors in the lodge, work out in the fitness center or play a game on the racquetball court. From the inviting landscaping to the comfortable layouts, these apartments offer a relaxing suburban lifestyle while remaining close to everything Federal Way, WA has to offer. Reserve your spot at Riverstone today.

Main Contact for Inquires and Application

Name: Danielle Bond Phone: 253-839-8888
Title: Community Manager Fax:
Company: Greystar Management TDD: Call 711 for free relay service
Address: 27314 24th Ave South Email: riverstonemgr@greystar.com
Federal Way, WA 98003 Website: https://www.riverstone-apartments.com
Office Hours: M-F 9-6, SAT 10-5:30
Management Contact

Name: Greystar Management Phone: 206-981-5241
Title: Property Manager Fax:
Company: Email:
Address: 800 5th Ave Suite #4000 Website: https://www.greystar.com
Seattle, WA 98104

Program Type(s)

Properties that Accept Housing Authority provided Tenant-Based Vouchers

Properties that accept Tenant-Based Housing Authority Provided Vouchers

Properties in this category are private or publically owned properties that accept applicants with a Housing Authority provided Housing Choice Section 8 voucher or certificate. You must first have applied and received a voucher through your local housing authority program. You should contact your city or county Housing Authority directly for an application for their voucher/subsidy program.

All properties listed on our site that do not have Project-Based subsidy through another government program will take a Section 8 voucher. Vouchers are portable and transferrable because they stay with the household, not the property, once you move out of the property. Then you can take your voucher to a property that accepts them and receive a subsidized rent.

With a voucher or certificate, you will generally only pay 30% of your monthly household income for rent. Maximum rent amounts that the owner can charge are designated by the Federal Government and income limits apply. If an owner wishes to charge more than the maximum rent authorized by the housing authority, the tenant may be asked to pay all or part of the difference.

Please call the MAIN CONTACT on each property listing for specific program or property eligibility.

Other Non-subsidized Affordable apartments

Properties that offer Affordable, Non-Subsidized Apartments

Properties in this category restrict rents to below-market for qualified low-income applicants. These properties do not have Project-Based subsidy built-in, so your rent will not be subsidized unless you have a Housing Authority Section 8 voucher.

We list properties funded under Washington State Housing Tax Credit program; Washington State Tax-Exempt Bond program; Housing Authority owned properties, HUD Non-subsidized programs such as the 202 and 236 program, and privately owned non-government funded properties that accept Section 8 vouchers. Income limits apply when a property is funded under a federal or state low income program.

The rent and unit you will qualify for at these properties may depend upon your annual income level. These are called income set-asides. The property may have rent ranges, lowest to highest, but a family in a higher income level may not qualify for the lowest rent level. There may also be some other set asides at the property called occupancy set asides, such as for large families, disabled households or farm labor qualifiers. Properties with these types of set asides would give preference for rents and units to households that qualify.

Waiting lists can also vary greatly at these properties. There are often much longer wait times for the lower rent amounts and may be no wait at all for the higher rent amounts at the property. In addition, often your annual income level may determine which unit you will qualify for. This can also effect the time you may need to wait for a unit to become available.

Please call the MAIN CONTACT on each property listing for specific program or property eligibility.

Other Program Details:

Private Bond Affordable housing program.

We accept applicants with Housing Choice vouchers and other affordable program referrals such as Hen, VASH Vouchers, Plymouth Housing vouchers, Solid Ground etc.

Income Limit Category: Low,
Income Limit Details:

Household income must be below 80% median income for King County.

To find out if you qualify, or to learn how to apply, you must call the main contact's office.

You may also try the KCHA Housing search tool to see if you qualify for low-moderate income housing at https://www.kcha.org/housing/search/


Additional Storage
Deck or Patio
Garbage Disposal
Non-Smoking Property
Laundry in Unit
Off Street Parking
Pet Friendly
Swimming Pool

Handicap Accessible Units
Property offers Wheelchair Accessible Apartments

These properties offer apartments that are accessible to persons in wheelchairs or have features desirable and useful to persons in wheelchairs or with mobility impairments. Some properties have apartments that are fully accessible and some have apartments that have been adapted to include accessible features. In accordance with the Fair Housing Act and ADA, all properties that are not specifically exempt will have common areas, pathways and offices that are accessible, or must make arrangements at the property to accommodate persons with mobility impairments. Accessible apartment features vary from property to property, but may include one or more of the following features:
Walk in showers or adapted bath tubs
Grab bars
Hand held Shower
Widened doorways and larger rooms
Lowered cabinets and countertops
Accessible countertops and sink
Accessible appliances
Levered door and faucet handles
Accessible switches and plugs
Lowered peep holes in doors
Hard flooring (non-carpeted)
Visible doorbells, smoke detectors, braille signage and documents

Please call the MAIN CONTACT on each property listing for specific accessibility features available at the property and in the apartments.

Proximity to transit: Under 1/2 Mile

Other Amenities:

Fitness Center

Background Screening Information

Accepting Comprehensive Re-usable Tenant Screening Reports
Not Accepting Comprehensive Re-usable Tenant Screening Reports

Screening Information and Cost (If Any):

Application Fee $12, Admin Fee $200, Standard Security Deposit $200

A comprehensive re-usable tenant screening report (portable report) means a tenant screening report, prepared by a consumer reporting agency at the direction of and paid for by the prospective tenant, and made available directly to a prospective landlord at no charge. Reports are re-usable for 30 days for multiple landlords.

In accordance with Senate Bill 6413 effective 6/9/2016, landlords have the option to either accept or not accept portable reports, and the landlords decision must be included in the landlord’s posted rental criteria.

If the landlord indicates its willingness to accept a comprehensive reusable tenant (portable) screening report, the landlord may access the landlord's own tenant screening report, regarding a prospective tenant, as long as the prospective tenant is not charged for the landlord's own tenant screening report.

Bedroom Sizes and Rent Structure

These rent amounts are generally the lowest and highest rents currently reported at this property. Please call the main contact listed above for details and requirements.

# of Bedrooms
Rent Range
# of units
$111540 Unit(s) 
1 Bedroom$1230
$128080 Unit(s) 
2 Bedrooms$1450
$1600156 Unit(s) 
3 Bedrooms$1815
$186532 Unit(s) 

Total Units:Directly Subsidized (Project-Based) Units:
308 Units0 Units

Rent Detail: Rents listed reflect current affordable rent ranges. Please call for details and updates to rental amounts that may vary by availability of units

Equal Housing Opportunity -
This Page was Last Updated August 08, 2020

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