Average Rent in 98109, Seattle, WA

Current Versus Historical 98109, Seattle, WA Rents

98109 rentals average $1,983 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $2,600, or roughly $4 per square feet.

For the apartment units and housing in July 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $952 (67.76%) year-over-year from $1,405 to $2,357. 1-bedroom rentals prices have increased by $736 (39.11%) year-over-year from $1,882 to $2,618. 2-bedroom rentals prices have increased by $524 (18.73%) year-over-year from $2,798 to $3,323. 3-bedroom rentals prices have increased by $423 (11.84%) year-over-year from $3,577 to $4,000. 4-bedroom rentals prices have increased by $1,591 (32.41%) year-over-year from $4,909 to $6,500. 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 15.75% this month. 1-bedroom rents have gone up by 12.94% this month. 2-bedroom rents have gone up by 0.81% this month. 3-bedroom rents have gone up by 0.90% this month. 4-bedroom rents have gone up by 43.91% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.31	$2,357	$1,405 (67.76%)	$2,182 (8.04%)
1 BR	$3.92	$2,618	$1,882 (39.11%)	$1,627 (60.91%)
2 BR	$3.32	$3,323	$2,798 (18.73%)	$2,332 (42.49%)
3 BR	N/A	$4,000	$3,577 (11.84%)	$3,330 (20.13%)

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 $2,788 per month. Only one city nearby has an average rent lower than that. Our records show that Seattle, WA, with an average rent of $2,500, 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 $3,372 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 4.39% more affordable than other cities nearby. One bedrooms are about 5.35% more expensive. Two bedrooms in 98109, Seattle, WA are about 15.76% more expensive. Finally, rent for three bedrooms are about 0.64% 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	$1,850	$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 98109

There are a total of 4 neighborhoods in or near 98109. Some of these neighborhoods include Belltown, Downtown Redmond, and Central Business District. 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 $2,676 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $2,676. Interestingly, the neighborhoods' average rent is higher than 98109's average rent, which is only $2,600. Out of all the neighborhoods in or near 98109, 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 98109. 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 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 4 zipcodes in or near 98109, Seattle, WA. The average rent for all of these zipcodes is $2,891.

The following chart includes the top 4 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	$2,150	$2,405	$3,077	$2,788
98101, Seattle, WA	$2,015	$2,862	$5,374	$2,995
98004, Bellevue, WA	$2,070	$2,734	$4,166	$3,324
98121, Seattle, WA	$1,600	$2,400	$3,340	$2,265

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 $2,600. 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 $1,983 and an average price per square feet of $4.31. There are a total of 5 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 $2,541 and an average price per square feet of $3.92. There are a total of 17 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 $3,947 and an average price per square feet of $3.32. There are a total of 6 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 0.68%, one bedroom rental prices have changed by 0.39%, two bedroom rental prices have changed by 0.19%, and three bedroom rental prices have changed by 0.12% year-over-year.

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

A reasonable rent price in 98109, Seattle, WA is around $2,080/month. You can search for these reasonably priced rental listings on RentHop.