Inconel 718 (In718) is the most widely used nickel-based alloy in additive manufacturing due to its favorable processability. However, In718’s high-temperature performance is not suited for the most demanding applications in the aerospace industry. Therefore, in this study, Inconel 718 powder was coated with 3% wt. rhenium (In718-Re) using AM’s in situ alloying capabilities to improve high-temperature properties. The proposed alloy’s mechanical performance was evaluated, focusing on the effects of post-process heat treatment and hot isostatic pressing following the laser-based powder bed fusion of metals (PBF-LB/M) processing. Static tensile tests conducted at room temperature and elevated temperatures (650 °C and 760 °C) demonstrated that the alloy has comparable strength to pure In718 according to ASTM F3055-14a—an ultimate tensile strength of 1247 MPa, yield strength of 909 MPa, and almost 2× higher elongation of 23.8%. Fatigue tests at room temperature indicated a fatigue limit below 400 MPa for 107 cycles. Fractographic analysis revealed that fatigue performance was primarily impacted by a lack of fusion defects inherent to the PBF-LB/M process, highlighting the need for optimized powder preparation and processing parameters to minimize defect formation. While rhenium addition shows limited benefits in Inconel 718, this study underscores the potential of in situ alloying through powder surface modification as a flexible method for incorporating high-melting-point elements into nickel-based alloys for tailored alloy design in additive manufacturing.
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