Average Rent in 98101, Seattle, WA

Current Versus Historical 98101, Seattle, WA Rents

98101 rentals average $1,945 for a studio rental to $10,248 for a 3-bedroom rental. The median price of all currently available listings is $2,940, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $418 (31.77%) year-over-year from $1,317 to $1,735. 1-bedroom rentals prices have increased by $54 (2.51%) year-over-year from $2,151 to $2,205. 2-bedroom rentals prices have decreased by $213 (-5.91%) year-over-year from $3,608 to $3,395. 3-bedroom rentals prices have increased by $1,305 (25.12%) year-over-year from $5,195 to $6,500. 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 9.46% this month. 1-bedroom rents have gone down by 2.13% this month. 2-bedroom rents have gone down by 1.28% this month. 3-bedroom rents have gone down by 19.87% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.86	$1,735	$1,317 (31.77%)	$1,815 (-4.41%)
1 BR	$3.17	$2,205	$2,151 (2.51%)	$1,915 (15.17%)
2 BR	$2.80	$3,395	$3,608 (-5.91%)	$2,763 (22.89%)
3 BR	N/A	$6,500	$5,195 (25.12%)	$10,716 (-39.34%)

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 $2,599 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 $2,049, 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 $3,200 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 5.24% more affordable than other cities nearby. One bedrooms are about 3.44% more expensive. Two bedrooms in 98101, Seattle, WA are about 16.31% more expensive. Finally, rent for three bedrooms are about 58.62% 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
Seattle, WA	$1,502	$1,949	$2,718	$2,049
Redmond, WA	$2,047	$2,445	$3,222	$2,599
Bellevue, WA	$2,230	$2,988	$3,606	$3,200

Top Neighborhoods Near 98101

There are a total of 4 neighborhoods in or near 98101. Some of these neighborhoods include Broadway, Belltown, and Downtown Redmond. We've included all of these top 4 neighborhoods in or near 98101, Seattle, WA in the following chart.

The average rent for these 4 neighborhoods in or near 98101, Seattle, WA is currently around $2,305 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 98101, Broadway has the most affordable average rent at $1,725 per month. Whereas, at $3,195 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near 98101. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Broadway, Seattle, WA	$1,495	$1,851	$2,595	$1,725
Belltown, Seattle, WA	$1,563	$2,109	$3,178	$2,050
Downtown Redmond, Redmond, WA	$2,047	$2,498	$3,222	$2,561
Downtown Bellevue, Bellevue, WA	$2,230	$3,004	$4,011	$3,195

Top Counties Near 98101

There are a total of 4 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 5 zipcodes in or near 98101, Seattle, WA. The average rent for all of these zipcodes is $2,119. 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 98122, Seattle, WA at $1,738 per month. In comparison, the zipcode with the most expensive average rent of $3,358 per month is 98004, Bellevue, WA.

Studios in these zipcodes have an average rent of $1,872. 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 $2,168 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,178 per month. Which comes out to $3 per sqft. The following chart includes the top 5 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	$2,047	$2,445	$3,222	$2,602
98122, Seattle, WA	$1,513	$1,750	$2,325	$1,738
98109, Seattle, WA	$1,872	$2,122	$3,071	$2,119
98121, Seattle, WA	$1,563	$2,168	$3,178	$2,087
98004, Bellevue, WA	$2,230	$3,004	$3,996	$3,358

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 $2,940. 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 $1,945 and an average price per square feet of $3.86. There are a total of 15 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 $2,532 and an average price per square feet of $3.17. There are a total of 19 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 $3,850 and an average price per square feet of $2.80. There are a total of 21 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 0.32%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by -0.06%, and three bedroom rental prices have changed by 0.25% year-over-year.

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

A reasonable rent price in 98101, Seattle, WA is around $2,352/month. You can search for these reasonably priced rental listings on RentHop.