Average Rent in 98122, Seattle, WA

Current Versus Historical 98122, Seattle, WA Rents

98122 rentals average $1,513 for a studio rental to $5,200 for a 4-bedroom rental. The median price of all currently available listings is $1,725, 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 $33 (-2.44%) year-over-year from $1,330 to $1,298. 1-bedroom rentals prices have decreased by $44 (-2.51%) year-over-year from $1,739 to $1,695. 2-bedroom rentals prices have decreased by $145 (-6.18%) year-over-year from $2,340 to $2,195. 3-bedroom rentals prices have increased by $162 (4.77%) year-over-year from $3,388 to $3,550. 4-bedroom rentals prices have decreased by $501 (-10.02%) year-over-year from $4,998 to $4,498. 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 3.32% this month. 1-bedroom rents have gone down by 0.05% this month. 2-bedroom rents have gone down by 2.30% this month. 3-bedroom rents have gone down by 4.14% this month. 4-bedroom rents have gone up by 9.74% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.69	$1,298	$1,330 (-2.44%)	$1,645 (-21.14%)
1 BR	$2.98	$1,695	$1,739 (-2.51%)	$1,565 (8.31%)
2 BR	$2.92	$2,195	$2,340 (-6.18%)	$1,949 (12.60%)
4+ BR	N/A	$4,498	$4,998 (-10.02%)	$3,800 (18.36%)

Historical Rents in 98122, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 98122

There are a total of 3 cities nearby 98122. The average rent in 98122 is currently $2,599 per month. 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 98122, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,195 per month.

Let's compare 98122, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 98122, Seattle, WA is 35.29% more affordable than other cities nearby. One bedrooms are about 39.71% more affordable. Two bedrooms in 98122, Seattle, WA are about 49.86% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 3 cities near 98122, 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 98122

There are a total of 4 neighborhoods in or near 98122. Some of these neighborhoods include Broadway, Belltown, and Downtown Redmond. We've included all of these top 4 neighborhoods in or near 98122, Seattle, WA in the following chart.

The average rent for these 4 neighborhoods in or near 98122, Seattle, WA is currently around $2,324 per month. A total of one neighborhood has a lower average rent. Meaning, only three neighborhoods have a higher average rent than $2,324. Interestingly, the neighborhoods' average rent is higher than 98122's average rent, which is only $1,725. Out of all the neighborhoods in or near 98122, 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 98122. 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 98122

There are a total of 4 counties located by 98122, Seattle, WA.

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near 98122

There are a total of 5 zipcodes in or near 98122, Seattle, WA. The average rent for all of these zipcodes is $2,602.

The following chart includes the top 5 zipcodes in 98122, 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
98109, Seattle, WA	$1,872	$2,122	$3,071	$2,119
98101, Seattle, WA	$1,948	$2,532	$3,984	$2,940
98121, Seattle, WA	$1,563	$2,250	$3,178	$2,123
98004, Bellevue, WA	$2,230	$3,004	$3,973	$3,290

Frequently Asked Questions - 98122 Average Rents

What is the average rent price in 98122, Seattle, WA?

The average monthly rental price for 98122, Seattle, WA apartments for rent is approximately $1,725. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 98122, 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 98122, Seattle, WA.

How much is a studio apartment in 98122, Seattle, WA?

The average monthly rental price for studio apartments is $1,513 and an average price per square feet of $3.69. There are a total of 29 studio apartment listings currently available for rent in 98122.

How much is a one bedroom apartment in 98122, Seattle, WA?

The average monthly rental price for one bedroom apartments is $1,750 and an average price per square feet of $2.98. There are a total of 33 one bedroom apartment listings currently available for rent in 98122.

How much is a two bedroom apartment in 98122, Seattle, WA?

The average monthly rental price for two bedroom apartments is $2,150 and an average price per square feet of $2.92. There are a total of 5 two bedroom apartment listings currently available for rent in 98122.

How have rent prices in 98122, Seattle, WA changed this year?

Rent prices for rentals in 98122, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by -0.02%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by -0.06%, and three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in 98122, Seattle, WA?

A reasonable rent price in 98122, Seattle, WA is around $1,380/month. You can search for these reasonably priced rental listings on RentHop.