Average Rent in 98103, Seattle, WA

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Current Versus Historical 98103, Seattle, WA Rents

98103 rentals average $1,921 for a studio rental to $4,200 for a 2-bedroom rental. The median price of all currently available listings is $2,467, or roughly $52 per square feet.

For the apartment units and housing in October 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $849 (76.01%) year-over-year from $1,117 to $1,966. 1-bedroom rentals prices have increased by $1,024 (63.63%) year-over-year from $1,609 to $2,632. 2-bedroom rentals prices have increased by $1,672 (66.12%) year-over-year from $2,528 to $4,200. 3-bedroom rentals prices have increased by $353 (10.10%) year-over-year from $3,497 to $3,850. 4-bedroom rentals prices have decreased by $1,196 (-23.01%) year-over-year from $5,196 to $4,000. 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 37.83% this month. 1-bedroom rents have gone up by 27.31% this month. 2-bedroom rents have gone up by 34.19% this month. 3-bedroom rents have gone down by 7.21% this month. 4-bedroom rents have gone down by 2.69% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$53.40	$1,966	$1,117 (76.01%)	$1,269 (54.87%)
1 BR	$52.19	$2,632	$1,609 (63.63%)	$1,633 (61.18%)
2 BR	$50.40	$4,200	$2,528 (66.12%)	$2,090 (100.99%)

Historical Rents in 98103, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 98103

There are a total of 1 cities nearby 98103. The average rent in 98103 is currently $2,295 per month. Only one city nearby has an average rent lower than that. Our records show that Seattle, WA, with an average rent of $2,295, is the most affordable city nearby. In contrast, the most expensive city near 98103, Seattle, WA is Seattle, WA. Monthly rents here are on average $2,295 per month.

Let's compare 98103, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 98103, Seattle, WA is 6.51% more expensive than other cities nearby. One bedrooms are about 7.58% more expensive. Two bedrooms in 98103, Seattle, WA are about 27.06% more expensive. Want more information? Check out the top 1 cities near 98103, Seattle, WA in the following table.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,796	$2,312	$3,064	$2,295

Top Neighborhoods Near 98103

There are a total of 2 neighborhoods in or near 98103. Some of these neighborhoods include Central Business District and Fremont. We've included all of these top 2 neighborhoods in or near 98103, Seattle, WA in the following table.

The average rent for these 2 neighborhoods in or near 98103, Seattle, WA is currently around $2,498 per month. Interestingly, the neighborhoods' average rent is higher than 98103's average rent, which is only $2,467. Out of all the neighborhoods in or near 98103, Central Business District has the most affordable average rent at $2,495 per month. Whereas, at $2,501 average rent per month, Fremont is the most expensive neighborhood in or near 98103. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Central Business District, Seattle, WA	$2,245	$2,579	$3,936	$2,495
Fremont, Seattle, WA	$1,921	$2,632	$4,200	$2,501

Top Counties Near 98103

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near 98103

There are a total of 3 zipcodes in or near 98103, Seattle, WA. The average rent for all of these zipcodes is $2,360. A total of 2 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 98122, Seattle, WA at $2,351 per month. In comparison, the zipcode with the most expensive average rent of $2,495 per month is 98101, Seattle, WA.

Studios in these zipcodes have an average rent of $1,998. That's at least $48 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 98103, Seattle, WA is $2,429 per month. Or in other words, $44 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,749 per month. Which comes out to $40 per sqft. The following table includes the top 3 zipcodes in 98103, Seattle, WA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
98109, Seattle, WA	$1,998	$2,429	$3,749	$2,360
98101, Seattle, WA	$2,245	$2,579	$3,936	$2,495
98122, Seattle, WA	$1,934	$2,361	$2,911	$2,351

Frequently Asked Questions - 98103 Average Rents

What is the average rent price in 98103, Seattle, WA?

The average monthly rental price for 98103, Seattle, WA apartments for rent is approximately $2,467. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 98103, 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 98103, Seattle, WA.

How much is a studio apartment in 98103, Seattle, WA?

The average monthly rental price for studio apartments is $1,921 and an average price per square feet of $53.40. There are a total of 10 studio apartment listings currently available for rent in 98103.

How much is a one bedroom apartment in 98103, Seattle, WA?

The average monthly rental price for one bedroom apartments is $2,501 and an average price per square feet of $52.19. There are a total of 55 one bedroom apartment listings currently available for rent in 98103.

How much is a two bedroom apartment in 98103, Seattle, WA?

The average monthly rental price for two bedroom apartments is $4,200 and an average price per square feet of $50.40. There are a total of 7 two bedroom apartment listings currently available for rent in 98103.

How have rent prices in 98103, Seattle, WA changed this year?

Rent prices for rentals in 98103, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.76%, one bedroom rental prices have changed by 0.64%, two bedroom rental prices have changed by 0.66%, three bedroom rental prices have changed by 0.10% year-over-year.

What is a reasonable rent price in 98103, Seattle, WA?

A reasonable rent price in 98103, Seattle, WA is around $1,973/month. You can search for these reasonably priced rental listings on RentHop.