Average Rent in 98121, Seattle, WA

Current Versus Historical 98121, Seattle, WA Rents

98121 rentals average $1,494 for a studio rental to $4,921 for a 3-bedroom rental. The median price of all currently available listings is $1,914, or roughly $35 per square feet.

For the apartment units and housing in November 2023, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $292 (-19.64%) year-over-year from $1,487 to $1,195. 1-bedroom rentals prices have decreased by $249 (-10.95%) year-over-year from $2,276 to $2,027. 2-bedroom rentals prices have increased by $21 (0.67%) year-over-year from $3,099 to $3,120. 3-bedroom rentals prices have increased by $302 (5.78%) year-over-year from $5,229 to $5,531. 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 down by 6.43% this month. 1-bedroom rents have gone down by 7.61% this month. 2-bedroom rents have gone down by 13.23% this month. 3-bedroom rents have gone up by 9.63% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Nov 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$43	$1,195	$1,487 (-19.64%)	$1,562 (-23.50%)
1 BR	$35	$2,027	$2,276 (-10.95%)	$1,834 (10.54%)
2 BR	$33	$3,120	$3,099 (0.67%)	$3,020 (3.32%)
3 BR	$34	$5,531	$5,229 (5.78%)	$4,670 (18.43%)

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 $2,334 per month. Only one city nearby has an average rent lower than that. Our records show that Seattle, WA, with an average rent of $1,880, 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 $2,659 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 26.94% more affordable than other cities nearby. One bedrooms are about 12.40% more affordable. Two bedrooms in 98121, Seattle, WA are about 3.05% more affordable. Finally, rent for three bedrooms are about 31.94% 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	$1,428	$1,838	$2,526	$1,880
Redmond, WA	$1,897	$2,154	$2,870	$2,334
Bellevue, WA	$2,070	$2,492	$3,009	$2,659

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 $2,116 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $2,116. Interestingly, the neighborhoods' average rent is higher than 98121's average rent, which is only $1,914. Out of all the neighborhoods in or near 98121, Broadway has the most affordable average rent at $1,695 per month. Whereas, at $2,699 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	$1,350	$1,695	$2,450	$1,695
Belltown, Seattle, WA	$1,494	$1,916	$2,785	$1,914
Downtown Redmond, Redmond, WA	$1,897	$2,155	$2,898	$2,318
Downtown Bellevue, Bellevue, WA	$2,045	$2,519	$3,237	$2,699

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 4 zipcodes in or near 98121, Seattle, WA. The average rent for all of these zipcodes is $2,101. 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 $1,823 per month. In comparison, the zipcode with the most expensive average rent of $2,710 per month is 98004, Bellevue, WA.

Studios in these zipcodes have an average rent of $1,773. That's at least $42 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 $2,047 per month. Or in other words, $36 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,822 per month. Which comes out to $33 per sqft. The following chart includes the top 4 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	$1,897	$2,154	$2,870	$2,334
98122, Seattle, WA	$1,485	$1,913	$2,450	$1,823
98109, Seattle, WA	$1,650	$1,941	$2,775	$1,868
98004, Bellevue, WA	$2,045	$2,517	$3,178	$2,710

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 $1,914. 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 $1,494 and an average price per square feet of $42.59. There are a total of 21 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 $1,916 and an average price per square feet of $34.91. There are a total of 28 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 $2,785 and an average price per square feet of $32.73. There are a total of 14 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 -0.20%, one bedroom rental prices have changed by -0.11%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.06% year-over-year.

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

A reasonable rent price in 98121, Seattle, WA is around $1,531/month. You can search for these reasonably priced rental listings on RentHop.