Average Rent in 98121, Seattle, WA

Current Versus Historical 98121, Seattle, WA Rents

98121 rentals average $1,563 for a studio rental to $4,612 for a 3-bedroom rental. The median price of all currently available listings is $2,123, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $34 (2.57%) year-over-year from $1,304 to $1,338. 1-bedroom rentals prices have decreased by $230 (-10.19%) year-over-year from $2,255 to $2,025. 2-bedroom rentals prices have increased by $714 (25.18%) year-over-year from $2,834 to $3,548. 3-bedroom rentals prices have increased by $1,143 (26.01%) year-over-year from $4,393 to $5,536. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $2,595 to $2,595. 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 1.85% this month. 1-bedroom rents have gone down by 3.01% this month. 2-bedroom rents have gone down by 8.19% this month. 3-bedroom rents have gone up by 8.48% 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	$3.36	$1,338	$1,304 (2.57%)	$1,443 (-7.33%)
1 BR	$3.36	$2,025	$2,255 (-10.19%)	$2,068 (-2.06%)
2 BR	$3.15	$3,548	$2,834 (25.18%)	$3,048 (16.39%)
3 BR	$3.30	$5,536	$4,393 (26.01%)	$5,836 (-5.13%)

Historical Rents in 98121, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 98121

There are a total of 3 cities nearby 98121. The average rent in 98121 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 98121, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,195 per month.

Let's compare 98121, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 98121, Seattle, WA is 30.97% more affordable than other cities nearby. One bedrooms are about 8.67% more affordable. Two bedrooms in 98121, Seattle, WA are about 1.38% more affordable. Finally, rent for three bedrooms are about 8.06% more expensive. Want more information? Check out the top 3 cities near 98121, 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 98121

There are a total of 4 neighborhoods in or near 98121. Some of these neighborhoods include Broadway, Belltown, and Downtown Redmond. We've included all of these top 4 neighborhoods in or near 98121, Seattle, WA in the following chart.

The average rent for these 4 neighborhoods in or near 98121, 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 98121's average rent, which is only $2,123. Out of all the neighborhoods in or near 98121, 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 98121. 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 98121

There are a total of 4 counties located by 98121, Seattle, WA.

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near 98121

There are a total of 5 zipcodes in or near 98121, Seattle, WA. The average rent for all of these zipcodes is $2,602. 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 98122, Seattle, WA at $1,725 per month. In comparison, the zipcode with the most expensive average rent of $3,290 per month is 98004, Bellevue, WA.

Studios in these zipcodes have an average rent of $1,948. 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 98121, Seattle, WA is $2,445 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,222 per month. Which comes out to $3 per sqft. The following chart includes the top 5 zipcodes in 98121, 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
98109, Seattle, WA	$1,872	$2,122	$3,071	$2,119
98101, Seattle, WA	$1,948	$2,532	$3,984	$2,940
98004, Bellevue, WA	$2,230	$3,004	$3,973	$3,290

Frequently Asked Questions - 98121 Average Rents

What is the average rent price in 98121, Seattle, WA?

The average monthly rental price for 98121, Seattle, WA apartments for rent is approximately $2,123. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 98121, 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 98121, Seattle, WA.

How much is a studio apartment in 98121, Seattle, WA?

The average monthly rental price for studio apartments is $1,563 and an average price per square feet of $3.36. There are a total of 20 studio apartment listings currently available for rent in 98121.

How much is a one bedroom apartment in 98121, Seattle, WA?

The average monthly rental price for one bedroom apartments is $2,250 and an average price per square feet of $3.36. There are a total of 24 one bedroom apartment listings currently available for rent in 98121.

How much is a two bedroom apartment in 98121, Seattle, WA?

The average monthly rental price for two bedroom apartments is $3,178 and an average price per square feet of $3.15. There are a total of 13 two bedroom apartment listings currently available for rent in 98121.

How have rent prices in 98121, Seattle, WA changed this year?

Rent prices for rentals in 98121, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.03%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by 0.25%, and three bedroom rental prices have changed by 0.26% year-over-year.

What is a reasonable rent price in 98121, Seattle, WA?

A reasonable rent price in 98121, Seattle, WA is around $1,698/month. You can search for these reasonably priced rental listings on RentHop.