Average Rent in 98004, Bellevue, WA

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Current Versus Historical 98004, Bellevue, WA Rents

98004 rentals average $2,143 for a studio rental to $9,000 for a 4-bedroom rental. The median price of all currently available listings is $2,890, or roughly $4 per square feet.
For the apartment units and housing in February 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $290 (15.71%) year-over-year from $1,846 to $2,136. 1-bedroom rentals prices have increased by $254 (10.57%) year-over-year from $2,398 to $2,651. 2-bedroom rentals prices have increased by $465 (14.07%) year-over-year from $3,304 to $3,769. 3-bedroom rentals prices have increased by $5,818 (167.05%) year-over-year from $3,483 to $9,300. 4-bedroom rentals prices have increased by $3,773 (72.20%) year-over-year from $5,225 to $8,998. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 6.62% this month. 1-bedroom rents have gone up by 5.55% this month. 2-bedroom rents have gone up by 8.25% this month. 3-bedroom rents have gone up by 52.50% this month. 4-bedroom rents have gone up by 15.86% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.21 $2,136 $1,846 (15.71%) $1,657 (28.93%)
1 BR $3.73 $2,651 $2,398 (10.57%) $1,950 (35.98%)
2 BR $3.28 $3,769 $3,304 (14.07%) $2,880 (30.89%)
3 BR N/A $9,300 $3,483 (167.05%) $3,732 (149.22%)
4+ BR N/A $8,998 $5,225 (72.20%) $5,842 (54.02%)

Historical Rents in 98004, Bellevue, WA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 98004

There are a total of 2 cities nearby 98004. The average rent in 98004 is currently $2,455 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Seattle, WA, with an average rent of $2,085, is the most affordable city nearby. In contrast, the most expensive city near 98004, Bellevue, WA is Bellevue, WA. Monthly rents here are on average $2,825 per month.

Let's compare 98004, Bellevue, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 98004, Bellevue, WA is 16.66% more expensive than other cities nearby. One bedrooms are about 12.74% more expensive. Two bedrooms in 98004, Bellevue, WA are about 23.63% more expensive. Finally, rent for three bedrooms are about 73.52% more expensive. Want more information? Check out the top 2 cities near 98004, Bellevue, WA in the following chart.
City Studio 1 Bed 2 Bed All
Seattle, WA $1,429 $1,970 $2,695 $2,085
Bellevue, WA $2,143 $2,595 $3,141 $2,825

Top Neighborhoods Near 98004

There are a total of 4 neighborhoods in or near 98004. Some of these neighborhoods include Broadway, Belltown, and Downtown Bellevue. We've included all of these top 4 neighborhoods in or near 98004, Bellevue, WA in the following chart.

The average rent for these 4 neighborhoods in or near 98004, Bellevue, WA is currently around $2,322 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near 98004, Broadway has the most affordable average rent at $1,696 per month. Whereas, at $3,413 average rent per month, Central Business District is the most expensive neighborhood in or near 98004. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Broadway, Seattle, WA $1,350 $1,875 $2,495 $1,696
Belltown, Seattle, WA $1,536 $2,082 $2,897 $1,990
Downtown Bellevue, Bellevue, WA $2,143 $2,616 $3,842 $2,654
Central Business District, Seattle, WA $2,225 $3,248 $4,840 $3,413

Top Counties Near 98004

There are a total of 4 counties located by 98004, Bellevue, WA.

We've listed the top 0 counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near 98004

There are a total of 5 zipcodes in or near 98004, Bellevue, WA. The average rent for all of these zipcodes is $1,980. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 98105, Seattle, WA at $1,813 per month. In comparison, the zipcode with the most expensive average rent of $2,973 per month is 98101, Seattle, WA.

Studios in these zipcodes have an average rent of $1,495. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 98004, Bellevue, WA is $2,095 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,897 per month. Which comes out to $3 per sqft. The following chart includes the top 5 zipcodes in 98004, Bellevue, WA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
98122, Seattle, WA $1,495 $2,095 $2,400 $1,975
98109, Seattle, WA $1,495 $2,118 $3,150 $2,142
98101, Seattle, WA $2,023 $2,842 $4,812 $2,973
98121, Seattle, WA $1,536 $2,082 $2,897 $1,980
98105, Seattle, WA $1,177 $1,559 $2,240 $1,813

Frequently Asked Questions - 98004 Average Rents

What is the average rent price in 98004, Bellevue, WA?
The average monthly rental price for 98004, Bellevue, WA apartments for rent is approximately $2,890. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 98004, Bellevue, WA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 98004, Bellevue, WA.
How much is a studio apartment in 98004, Bellevue, WA?
The average monthly rental price for studio apartments is $2,143 and an average price per square feet of $4.21. There are a total of 11 studio apartment listings currently available for rent in 98004.
How much is a one bedroom apartment in 98004, Bellevue, WA?
The average monthly rental price for one bedroom apartments is $2,616 and an average price per square feet of $3.73. There are a total of 34 one bedroom apartment listings currently available for rent in 98004.
How much is a two bedroom apartment in 98004, Bellevue, WA?
The average monthly rental price for two bedroom apartments is $3,821 and an average price per square feet of $3.28. There are a total of 18 two bedroom apartment listings currently available for rent in 98004.
How have rent prices in 98004, Bellevue, WA changed this year?
Rent prices for rentals in 98004, Bellevue, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.16%, one bedroom rental prices have changed by 0.11%, two bedroom rental prices have changed by 0.14%, and three bedroom rental prices have changed by 1.67% year-over-year.
What is a reasonable rent price in 98004, Bellevue, WA?
A reasonable rent price in 98004, Bellevue, WA is around $2,312/month. You can search for these reasonably priced rental listings on RentHop.
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