Average Rent in 98101, Seattle, WA

Current Versus Historical 98101, Seattle, WA Rents

98101 rentals average $2,012 for a studio rental to $12,130 for a 3-bedroom rental. The median price of all currently available listings is $3,300, or roughly $4 per square feet.

For the apartment units and housing in September 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $603 (41.35%) year-over-year from $1,457 to $2,060. 1-bedroom rentals prices have increased by $885 (48.96%) year-over-year from $1,808 to $2,694. 2-bedroom rentals prices have increased by $1,119 (33.76%) year-over-year from $3,316 to $4,435. 3-bedroom rentals prices have increased by $5,308 (72.78%) year-over-year from $7,293 to $12,600. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $1,000 to $1,000. 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 up by 7.34% this month. 1-bedroom rents have gone down by 4.31% this month. 2-bedroom rents have gone up by 5.20% this month. 3-bedroom rents have gone up by 14.13% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Sep 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.01	$2,060	$1,457 (41.35%)	$2,292 (-10.12%)
1 BR	$3.34	$2,694	$1,808 (48.96%)	$2,004 (34.40%)
2 BR	$3.20	$4,435	$3,316 (33.76%)	$3,324 (33.42%)
3 BR	N/A	$12,600	$7,293 (72.78%)	$7,232 (74.24%)

Historical Rents in 98101, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 98101

There are a total of 3 cities nearby 98101. The average rent in 98101 is currently $2,795 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Redmond, WA, with an average rent of $2,378, is the most affordable city nearby. In contrast, the most expensive city near 98101, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,825 per month.

Let's compare 98101, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 98101, Seattle, WA is 1.59% more expensive than other cities nearby. One bedrooms are about 19.66% more expensive. Two bedrooms in 98101, Seattle, WA are about 41.10% more expensive. Finally, rent for three bedrooms are about 69.08% more expensive. Want more information? Check out the top 3 cities near 98101, Seattle, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Redmond, WA	$2,016	$2,157	$2,938	$2,378
Seattle, WA	$1,808	$2,325	$3,295	$2,795
Bellevue, WA	$1,980	$2,338	$3,093	$3,825

Top Neighborhoods Near 98101

There are a total of 3 neighborhoods in or near 98101. Some of these neighborhoods include Downtown Redmond, Belltown, and Central Business District. We've included all of these top 3 neighborhoods in or near 98101, Seattle, WA in the following chart.

The average rent for these 3 neighborhoods in or near 98101, Seattle, WA is currently around $2,550 per month. A total of 3 neighborhoods have a lower average rent. Out of all the neighborhoods in or near 98101, Downtown Redmond has the most affordable average rent at $2,313 per month. Whereas, at $3,104 average rent per month, Central Business District is the most expensive neighborhood in or near 98101. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Downtown Redmond, Redmond, WA	$2,016	$2,160	$2,909	$2,313
Belltown, Seattle, WA	$1,744	$2,196	$3,400	$2,550
Central Business District, Seattle, WA	$2,012	$2,864	$4,950	$3,104

Top Counties Near 98101

There are a total of 3 counties located by 98101, Seattle, WA.

We've listed the top 0 counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near 98101

There are a total of 2 zipcodes in or near 98101, Seattle, WA. The average rent for all of these zipcodes is $2,464. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 98052, Redmond, WA at $2,378 per month. In comparison, the zipcode with the most expensive average rent of $2,550 per month is 98121, Seattle, WA.

Studios in these zipcodes have an average rent of $1,880. 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 98101, Seattle, WA is $2,218 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,164 per month. Which comes out to $3 per sqft. The following chart includes the top 2 zipcodes in 98101, Seattle, WA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
98052, Redmond, WA	$2,016	$2,157	$2,938	$2,378
98121, Seattle, WA	$1,744	$2,280	$3,389	$2,550

Frequently Asked Questions - 98101 Average Rents

What is the average rent price in 98101, Seattle, WA?

The average monthly rental price for 98101, Seattle, WA apartments for rent is approximately $3,300. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 98101, Seattle, 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 98101, Seattle, WA.

How much is a studio apartment in 98101, Seattle, WA?

The average monthly rental price for studio apartments is $2,012 and an average price per square feet of $4.01. There are a total of 13 studio apartment listings currently available for rent in 98101.

How much is a one bedroom apartment in 98101, Seattle, WA?

The average monthly rental price for one bedroom apartments is $2,894 and an average price per square feet of $3.34. There are a total of 28 one bedroom apartment listings currently available for rent in 98101.

How much is a two bedroom apartment in 98101, Seattle, WA?

The average monthly rental price for two bedroom apartments is $5,250 and an average price per square feet of $3.20. There are a total of 19 two bedroom apartment listings currently available for rent in 98101.

How have rent prices in 98101, Seattle, WA changed this year?

Rent prices for rentals in 98101, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.41%, one bedroom rental prices have changed by 0.49%, two bedroom rental prices have changed by 0.34%, and three bedroom rental prices have changed by 0.73% year-over-year.

What is a reasonable rent price in 98101, Seattle, WA?

A reasonable rent price in 98101, Seattle, WA is around $2,640/month. You can search for these reasonably priced rental listings on RentHop.