Average Rent in 98004, Bellevue, WA

Current Versus Historical 98004, Bellevue, WA Rents

98004 rentals average $2,070 for a studio rental to $9,000 for a 4-bedroom rental. The median price of all currently available listings is $3,324, or roughly $4 per square feet.

For the apartment units and housing in July 2024, median rents have risen over the last year. Studio rentals prices have increased by $147 (7.82%) year-over-year from $1,881 to $2,028. 1-bedroom rentals prices have increased by $154 (5.92%) year-over-year from $2,597 to $2,751. 2-bedroom rentals prices have increased by $686 (19.64%) year-over-year from $3,491 to $4,177. 3-bedroom rentals prices have increased by $2,000 (45.45%) year-over-year from $4,400 to $6,400. 4-bedroom rentals prices have increased by $3,253 (56.59%) year-over-year from $5,748 to $9,000. 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 down by 2.56% this month. 1-bedroom rents have gone down by 3.65% this month. 2-bedroom rents have gone up by 3.74% this month. 3-bedroom rents have gone down by 5.88% this month. 4-bedroom rents have gone up by 8.00% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.21	$2,028	$1,881 (7.82%)	$1,954 (3.81%)
1 BR	$3.83	$2,751	$2,597 (5.92%)	$2,527 (8.86%)
2 BR	$3.35	$4,177	$3,491 (19.64%)	$3,612 (15.66%)
3 BR	N/A	$6,400	$4,400 (45.45%)	$4,831 (32.48%)
4+ BR	N/A	$9,000	$5,748 (56.59%)	$5,598 (60.76%)

Historical Rents in 98004, Bellevue, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 98004

There are a total of 3 cities nearby 98004. The average rent in 98004 is currently $2,788 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 $2,500, 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 $3,372 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 on par with the other cities nearby. One bedrooms are about 12.03% more expensive. Two bedrooms in 98004, Bellevue, WA are about 20.19% more expensive. Finally, rent for three bedrooms are about 34.57% more expensive. Want more information? Check out the top 3 cities near 98004, Bellevue, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,850	$2,275	$3,325	$2,500
Redmond, WA	$2,150	$2,405	$3,077	$2,788
Bellevue, WA	$2,070	$2,697	$4,052	$3,372

Top Neighborhoods Near 98004

There are a total of 4 neighborhoods in or near 98004. Some of these neighborhoods include Belltown, Downtown Redmond, and Central Business District. 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 $2,676 per month. A total of 4 neighborhoods have a lower average rent. Out of all the neighborhoods in or near 98004, Belltown has the most affordable average rent at $2,259 per month. Whereas, at $3,081 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near 98004. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Belltown, Seattle, WA	$1,604	$2,297	$3,350	$2,259
Downtown Redmond, Redmond, WA	$2,150	$2,410	$3,077	$2,573
Central Business District, Seattle, WA	$2,070	$2,780	$5,371	$2,780
Downtown Bellevue, Bellevue, WA	$2,070	$2,734	$4,166	$3,081

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 3 zipcodes in or near 98004, Bellevue, WA. The average rent for all of these zipcodes is $2,788. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 98121, Seattle, WA at $2,265 per month. In comparison, the zipcode with the most expensive average rent of $2,995 per month is 98101, Seattle, WA.

Studios in these zipcodes have an average rent of $2,015. 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 $2,405 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,340 per month. Which comes out to $3 per sqft. The following chart includes the top 3 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
98052, Redmond, WA	$2,150	$2,405	$3,077	$2,788
98101, Seattle, WA	$2,015	$2,862	$5,374	$2,995
98121, Seattle, WA	$1,600	$2,400	$3,340	$2,265

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 $3,324. 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 $2,070 and an average price per square feet of $4.21. There are a total of 5 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 $2,734 and an average price per square feet of $3.83. There are a total of 49 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 $4,166 and an average price per square feet of $3.35. There are a total of 22 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 0.08%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.20%, and three bedroom rental prices have changed by 0.45% year-over-year.

What is a reasonable rent price in 98004, Bellevue, WA?

A reasonable rent price in 98004, Bellevue, WA is around $2,659/month. You can search for these reasonably priced rental listings on RentHop.