Average Rent in 98109, Seattle, WA

Current Versus Historical 98109, Seattle, WA Rents

98109 rentals average $1,872 for a studio rental to $0 for a 3-bedroom rental. The median price of all currently available listings is $2,119, 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 decreased by $17 (-1.14%) year-over-year from $1,462 to $1,445. 1-bedroom rentals prices have decreased by $87 (-4.47%) year-over-year from $1,950 to $1,863. 2-bedroom rentals prices have increased by $88 (3.45%) year-over-year from $2,562 to $2,650. 3-bedroom rentals prices have decreased by $603 (-13.41%) year-over-year from $4,498 to $3,895. 4-bedroom rentals prices have decreased by $324 (-6.72%) year-over-year from $4,824 to $4,500. 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 2.73% this month. 1-bedroom rents have gone down by 2.96% this month. 2-bedroom rents have gone down by 4.73% this month. 3-bedroom rents have gone up by 17.03% this month. 4-bedroom rents have gone down by 8.41% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.89	$1,445	$1,462 (-1.14%)	$1,897 (-23.82%)
1 BR	$3.29	$1,863	$1,950 (-4.47%)	$1,622 (14.85%)
2 BR	$2.96	$2,650	$2,562 (3.45%)	$2,459 (7.77%)

Historical Rents in 98109, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 98109

There are a total of 3 cities nearby 98109. The average rent in 98109 is currently $2,599 per month. Only one city nearby has an average rent lower than that. Our records show that Seattle, WA, with an average rent of $2,047, is the most affordable city nearby. In contrast, the most expensive city near 98109, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,195 per month.

Let's compare 98109, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 98109, Seattle, WA is 9.35% more affordable than other cities nearby. One bedrooms are about 15.25% more affordable. Two bedrooms in 98109, Seattle, WA are about 4.92% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 3 cities near 98109, Seattle, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,501	$1,950	$2,706	$2,047
Redmond, WA	$2,047	$2,445	$3,222	$2,599
Bellevue, WA	$2,230	$2,988	$3,595	$3,195

Top Neighborhoods Near 98109

There are a total of 4 neighborhoods in or near 98109. Some of these neighborhoods include Broadway, Belltown, and Downtown Redmond. We've included all of these top 4 neighborhoods in or near 98109, Seattle, WA in the following chart.

The average rent for these 4 neighborhoods in or near 98109, Seattle, WA is currently around $2,324 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $2,324. Interestingly, the neighborhoods' average rent is higher than 98109's average rent, which is only $2,119. Out of all the neighborhoods in or near 98109, Broadway has the most affordable average rent at $1,700 per month. Whereas, at $3,189 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near 98109. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Broadway, Seattle, WA	$1,495	$1,851	$2,495	$1,700
Belltown, Seattle, WA	$1,563	$2,168	$3,178	$2,087
Downtown Redmond, Redmond, WA	$2,047	$2,498	$3,222	$2,561
Downtown Bellevue, Bellevue, WA	$2,230	$3,004	$3,996	$3,189

Top Counties Near 98109

There are a total of 4 counties located by 98109, Seattle, WA.

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near 98109

There are a total of 5 zipcodes in or near 98109, Seattle, WA. The average rent for all of these zipcodes is $2,602.

The following chart includes the top 5 zipcodes in 98109, 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	$2,150	$1,725
98101, Seattle, WA	$1,948	$2,532	$3,984	$2,940
98004, Bellevue, WA	$2,230	$3,004	$3,973	$3,290
98121, Seattle, WA	$1,563	$2,250	$3,178	$2,123

Frequently Asked Questions - 98109 Average Rents

What is the average rent price in 98109, Seattle, WA?

The average monthly rental price for 98109, Seattle, WA apartments for rent is approximately $2,119. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 98109, 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 98109, Seattle, WA.

How much is a studio apartment in 98109, Seattle, WA?

The average monthly rental price for studio apartments is $1,872 and an average price per square feet of $3.89. There are a total of 16 studio apartment listings currently available for rent in 98109.

How much is a one bedroom apartment in 98109, Seattle, WA?

The average monthly rental price for one bedroom apartments is $2,122 and an average price per square feet of $3.29. There are a total of 40 one bedroom apartment listings currently available for rent in 98109.

How much is a two bedroom apartment in 98109, Seattle, WA?

The average monthly rental price for two bedroom apartments is $3,071 and an average price per square feet of $2.96. There are a total of 16 two bedroom apartment listings currently available for rent in 98109.

How have rent prices in 98109, Seattle, WA changed this year?

Rent prices for rentals in 98109, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by -0.01%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by -0.13% year-over-year.

What is a reasonable rent price in 98109, Seattle, WA?

A reasonable rent price in 98109, Seattle, WA is around $1,695/month. You can search for these reasonably priced rental listings on RentHop.