Average Rent in Ballard, Seattle, WA

Current Versus Historical Ballard, Seattle, WA Rents

Ballard rentals average $1,804 for a studio rental to $6,425 for a 4-bedroom rental. The median price of all currently available listings is $2,205, or roughly $3 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $442 (38.29%) year-over-year from $1,153 to $1,595. 1-bedroom rentals prices have increased by $337 (19.26%) year-over-year from $1,748 to $2,084. 2-bedroom rentals prices have increased by $556 (22.91%) year-over-year from $2,427 to $2,983. 3-bedroom rentals prices have decreased by $120 (-3.13%) year-over-year from $3,832 to $3,713. 4-bedroom rentals prices have increased by $1,360 (26.85%) year-over-year from $5,065 to $6,425. 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 17.71% this month. 1-bedroom rents have gone up by 16.12% this month. 2-bedroom rents have gone up by 13.30% this month. 3-bedroom rents have gone up by 1.62% this month. 4-bedroom rents have gone up by 25.37% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.82	$1,595	$1,153 (38.29%)	$1,158 (37.80%)
1 BR	$3.34	$2,084	$1,748 (19.26%)	$1,362 (53.05%)
2 BR	$3.29	$2,983	$2,427 (22.91%)	$1,962 (52.04%)
3 BR	N/A	$3,713	$3,832 (-3.13%)	$3,098 (19.82%)
4+ BR	N/A	$6,425	$5,065 (26.85%)	$4,212 (52.55%)

Historical Rents in Ballard, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Ballard

There are a total of 3 cities nearby Ballard. The average rent in Ballard is currently $2,640 per month. Our records show that Seattle, WA, with an average rent of $2,346, is the most affordable city nearby. In contrast, the most expensive city near Ballard, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,433 per month.

Let's compare Ballard, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Ballard, Seattle, WA is 12.67% more affordable than other cities nearby. One bedrooms are about 18.63% more affordable. Two bedrooms in Ballard, Seattle, WA are about 6.68% more affordable. Finally, rent for three bedrooms are about 5.89% more affordable. Want more information? Check out the top 3 cities near Ballard, Seattle, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,777	$2,128	$3,147	$2,346
Redmond, WA	$2,032	$2,455	$3,084	$2,640
Bellevue, WA	$2,282	$3,108	$3,850	$3,433

Top Neighborhoods Near Ballard

There are a total of 3 neighborhoods in or near Ballard. Some of these neighborhoods include Belltown, Downtown Redmond, and Downtown Bellevue. We've included all of these top 3 neighborhoods in or near Ballard, Seattle, WA in the following chart.

The average rent for these 3 neighborhoods in or near Ballard, Seattle, WA is currently around $2,635 per month. A total of one neighborhood has a lower average rent. Meaning, only two neighborhoods have a higher average rent than $2,635. Interestingly, the neighborhoods' average rent is higher than Ballard's average rent, which is only $2,205. Out of all the neighborhoods in or near Ballard, Belltown has the most affordable average rent at $2,000 per month. Whereas, at $3,195 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Ballard. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Belltown, Seattle, WA	$1,527	$2,075	$3,231	$2,000
Downtown Redmond, Redmond, WA	$2,032	$2,455	$3,084	$2,635
Downtown Bellevue, Bellevue, WA	$2,224	$3,137	$4,205	$3,195

Top Counties Near Ballard

There are a total of 3 counties located by Ballard, Seattle, WA.

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Ballard

There are a total of 3 zipcodes in or near Ballard, Seattle, WA. The average rent for all of these zipcodes is $2,640.

The following chart includes the top 3 zipcodes in Ballard, Seattle, WA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
98121, Seattle, WA	$1,527	$2,050	$3,224	$1,915
98004, Bellevue, WA	$2,224	$3,161	$4,205	$3,481
98052, Redmond, WA	$2,032	$2,455	$3,084	$2,640

Frequently Asked Questions - Ballard Average Rents

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

The average monthly rental price for Ballard, Seattle, WA apartments for rent is approximately $2,205. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Ballard, 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 Ballard, Seattle, WA.

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

The average monthly rental price for studio apartments is $1,804 and an average price per square feet of $3.82. There are a total of 2 studio apartment listings currently available for rent in Ballard.

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

The average monthly rental price for one bedroom apartments is $2,069 and an average price per square feet of $3.34. There are a total of 23 one bedroom apartment listings currently available for rent in Ballard.

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

The average monthly rental price for two bedroom apartments is $2,950 and an average price per square feet of $3.29. There are a total of 9 two bedroom apartment listings currently available for rent in Ballard.

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

Rent prices for rentals in Ballard, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.38%, one bedroom rental prices have changed by 0.19%, two bedroom rental prices have changed by 0.23%, and three bedroom rental prices have changed by -0.03% year-over-year.

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

A reasonable rent price in Ballard, Seattle, WA is around $1,764/month. You can search for these reasonably priced rental listings on RentHop.