Average Rent in Capitol Hill, Seattle, WA

Current Versus Historical Capitol Hill, Seattle, WA Rents

Capitol Hill rentals average $1,495 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,835, 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 $428 (30.09%) year-over-year from $1,422 to $1,850. 1-bedroom rentals prices have increased by $559 (32.02%) year-over-year from $1,747 to $2,306. 2-bedroom rentals prices have increased by $667 (26.37%) year-over-year from $2,528 to $3,195. 3-bedroom rentals prices have increased by $484 (12.77%) year-over-year from $3,791 to $4,275. 4-bedroom rentals prices have increased by $701 (11.50%) year-over-year from $6,099 to $6,800. 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 21.36% this month. 1-bedroom rents have gone up by 17.33% this month. 2-bedroom rents have gone up by 14.24% this month. 3-bedroom rents have gone up by 8.71% this month. 4-bedroom rents have gone up by 4.62% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.49	$1,850	$1,422 (30.09%)	$1,627 (13.66%)
1 BR	$2.93	$2,306	$1,747 (32.02%)	$1,463 (57.59%)
2 BR	$3.13	$3,195	$2,528 (26.37%)	$2,228 (43.38%)

Historical Rents in Capitol Hill, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Capitol Hill

There are a total of 3 cities nearby Capitol Hill. The average rent in Capitol Hill is currently $2,605 per month. Our records show that Seattle, WA, with an average rent of $2,039, is the most affordable city nearby. In contrast, the most expensive city near Capitol Hill, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,234 per month.

Let's compare Capitol Hill, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Capitol Hill, Seattle, WA is 36.52% more affordable than other cities nearby. One bedrooms are about 32.27% more affordable. Two bedrooms in Capitol Hill, Seattle, WA are about 7.97% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 3 cities near Capitol Hill, Seattle, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,495	$1,970	$2,716	$2,039
Redmond, WA	$2,041	$2,414	$3,041	$2,605
Bellevue, WA	$2,205	$2,965	$3,700	$3,234

Top Neighborhoods Near Capitol Hill

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

The average rent for these 4 neighborhoods in or near Capitol Hill, Seattle, WA is currently around $2,247 per month. A total of one neighborhood has a lower average rent. Meaning, only three neighborhoods have a higher average rent than $2,247. Interestingly, the neighborhoods' average rent is higher than Capitol Hill's average rent, which is only $1,835. Out of all the neighborhoods in or near Capitol Hill, Broadway has the most affordable average rent at $1,700 per month. Whereas, at $3,192 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Capitol Hill. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Broadway, Seattle, WA	$1,495	$1,725	$2,695	$1,700
Belltown, Seattle, WA	$1,490	$2,361	$3,218	$2,000
Downtown Redmond, Redmond, WA	$2,041	$2,435	$3,041	$2,494
Downtown Bellevue, Bellevue, WA	$2,205	$2,965	$4,175	$3,192

Top Counties Near Capitol Hill

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

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Capitol Hill

There are a total of 6 zipcodes in or near Capitol Hill, Seattle, WA. The average rent for all of these zipcodes is $2,322.

The following chart includes the top 6 zipcodes in Capitol Hill, Seattle, WA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
98122, Seattle, WA	$1,525	$1,738	$2,548	$1,782
98101, Seattle, WA	$1,945	$2,535	$3,726	$3,212
98109, Seattle, WA	$1,835	$2,039	$3,035	$2,039
98121, Seattle, WA	$1,490	$2,372	$3,218	$1,968
98004, Bellevue, WA	$2,205	$2,965	$4,174	$3,456
98052, Redmond, WA	$2,041	$2,414	$3,041	$2,606

Frequently Asked Questions - Capitol Hill Average Rents

What is the average rent price in Capitol Hill, Seattle, WA?

The average monthly rental price for Capitol Hill, Seattle, WA apartments for rent is approximately $1,835. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Capitol Hill, 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 Capitol Hill, Seattle, WA.

How much is a studio apartment in Capitol Hill, Seattle, WA?

The average monthly rental price for studio apartments is $1,495 and an average price per square feet of $3.49. There are a total of 21 studio apartment listings currently available for rent in Capitol Hill.

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

The average monthly rental price for one bedroom apartments is $1,825 and an average price per square feet of $2.93. There are a total of 31 one bedroom apartment listings currently available for rent in Capitol Hill.

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

The average monthly rental price for two bedroom apartments is $2,817 and an average price per square feet of $3.13. There are a total of 10 two bedroom apartment listings currently available for rent in Capitol Hill.

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

Rent prices for rentals in Capitol Hill, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.30%, one bedroom rental prices have changed by 0.32%, two bedroom rental prices have changed by 0.26%, and three bedroom rental prices have changed by 0.13% year-over-year.

What is a reasonable rent price in Capitol Hill, Seattle, WA?

A reasonable rent price in Capitol Hill, Seattle, WA is around $1,468/month. You can search for these reasonably priced rental listings on RentHop.