Average Rent in Central Business District, Seattle, WA

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Current Versus Historical Central Business District, Seattle, WA Rents

Central Business District rentals average $2,070 for a studio rental to $12,130 for a 3-bedroom rental. The median price of all currently available listings is $2,780, or roughly $3 per square feet.

For the apartment units and housing in July 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $19 (0.94%) year-over-year from $1,999 to $2,018. 1-bedroom rentals prices have increased by $431 (16.99%) year-over-year from $2,536 to $2,967. 2-bedroom rentals prices have increased by $2,433 (79.47%) year-over-year from $3,062 to $5,495. 3-bedroom rentals prices have increased by $426 (3.64%) year-over-year from $11,704 to $12,130. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $1,000 to $1,000. 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 3.54% this month. 1-bedroom rents have gone up by 3.01% this month. 2-bedroom rents have gone up by 38.96% this month. 3-bedroom rents have gone up by 9.21% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.96	$2,018	$1,999 (0.94%)	$2,290 (-11.91%)
1 BR	$3.25	$2,967	$2,536 (16.99%)	$2,651 (11.92%)
2 BR	$2.88	$5,495	$3,062 (79.47%)	$3,513 (56.44%)
3 BR	N/A	$12,130	$11,704 (3.64%)	$6,542 (85.41%)

Historical Rents in Central Business District, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Central Business District

There are a total of 3 cities nearby Central Business District. The average rent in Central Business District is currently $2,788 per month. Only one city nearby has an average rent lower than that. Our records show that Seattle, WA, with an average rent of $2,500, is the most affordable city nearby. In contrast, the most expensive city near Central Business District, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,372 per month.

Let's compare Central Business District, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Central Business District, Seattle, WA is on par with the other cities nearby. One bedrooms are about 13.49% more expensive. Two bedrooms in Central Business District, Seattle, WA are about 38.09% more expensive. Finally, rent for three bedrooms are about 67.66% more expensive. Want more information? Check out the top 3 cities near Central Business District, Seattle, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,850	$2,275	$3,325	$2,500
Redmond, WA	$2,150	$2,405	$3,077	$2,788
Bellevue, WA	$2,070	$2,697	$4,052	$3,372

Top Neighborhoods Near Central Business District

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

The average rent for these 3 neighborhoods in or near Central Business District, Seattle, WA is currently around $2,573 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near Central Business District, Belltown has the most affordable average rent at $2,259 per month. Whereas, at $3,081 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Central Business District. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Belltown, Seattle, WA	$1,604	$2,297	$3,350	$2,259
Downtown Redmond, Redmond, WA	$2,150	$2,410	$3,077	$2,573
Downtown Bellevue, Bellevue, WA	$2,070	$2,734	$4,166	$3,081

Top Counties Near Central Business District

There are a total of 3 counties located by Central Business District, Seattle, WA.

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Central Business District

There are a total of 4 zipcodes in or near Central Business District, Seattle, WA. The average rent for all of these zipcodes is $2,891.

The following chart includes the top 4 zipcodes in Central Business District, Seattle, WA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
98101, Seattle, WA	$2,015	$2,862	$5,374	$2,995
98121, Seattle, WA	$1,600	$2,400	$3,340	$2,265
98004, Bellevue, WA	$2,070	$2,734	$4,166	$3,324
98052, Redmond, WA	$2,150	$2,405	$3,077	$2,788

Frequently Asked Questions - Central Business District Average Rents

What is the average rent price in Central Business District, Seattle, WA?

The average monthly rental price for Central Business District, Seattle, WA apartments for rent is approximately $2,780. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Central Business District, 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 Central Business District, Seattle, WA.

How much is a studio apartment in Central Business District, Seattle, WA?

The average monthly rental price for studio apartments is $2,070 and an average price per square feet of $3.96. There are a total of 14 studio apartment listings currently available for rent in Central Business District.

How much is a one bedroom apartment in Central Business District, Seattle, WA?

The average monthly rental price for one bedroom apartments is $2,780 and an average price per square feet of $3.25. There are a total of 25 one bedroom apartment listings currently available for rent in Central Business District.

How much is a two bedroom apartment in Central Business District, Seattle, WA?

The average monthly rental price for two bedroom apartments is $5,371 and an average price per square feet of $2.88. There are a total of 11 two bedroom apartment listings currently available for rent in Central Business District.

How have rent prices in Central Business District, Seattle, WA changed this year?

Rent prices for rentals in Central Business District, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.01%, one bedroom rental prices have changed by 0.17%, two bedroom rental prices have changed by 0.79%, and three bedroom rental prices have changed by 0.04% year-over-year.

What is a reasonable rent price in Central Business District, Seattle, WA?

A reasonable rent price in Central Business District, Seattle, WA is around $2,224/month. You can search for these reasonably priced rental listings on RentHop.