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 $1,985 for a studio rental to $10,248 for a 3-bedroom rental. The median price of all currently available listings is $3,440, 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 decreased by $65 (-3.20%) year-over-year from $2,043 to $1,978. 1-bedroom rentals prices have increased by $405 (14.67%) year-over-year from $2,762 to $3,167. 2-bedroom rentals prices have increased by $358 (12.13%) year-over-year from $2,953 to $3,311. 3-bedroom rentals prices have decreased by $5,279 (-46.83%) year-over-year from $11,274 to $5,995. 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 3.15% this month. 1-bedroom rents have gone down by 3.12% this month. 2-bedroom rents have gone down by 12.25% this month. 3-bedroom rents have gone down by 7.72% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.04	$1,978	$2,043 (-3.20%)	$2,175 (-9.09%)
1 BR	$3.18	$3,167	$2,762 (14.67%)	$3,005 (5.41%)
2 BR	$2.88	$3,311	$2,953 (12.13%)	$3,952 (-16.22%)
3 BR	N/A	$5,995	$11,274 (-46.83%)	$5,890 (1.78%)

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 $2,640 per month. A total of 3 cities nearby have an average rent lower than that. 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 Central Business District, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,433 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 2.37% more affordable than other cities nearby. One bedrooms are about 11.58% more expensive. Two bedrooms in Central Business District, Seattle, WA are about 15.56% more expensive. Finally, rent for three bedrooms are about 60.99% 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	$1,777	$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 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 $2,635 per month. A total of 3 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Central Business District, 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 Central Business District. 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 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 3 zipcodes in or near Central Business District, Seattle, WA. The average rent for all of these zipcodes is $2,640. 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 98121, Seattle, WA at $1,915 per month. In comparison, the zipcode with the most expensive average rent of $3,481 per month is 98004, Bellevue, WA.

Studios in these zipcodes have an average rent of $2,032. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Central Business District, Seattle, WA is $2,455 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,224 per month. Which comes out to $3 per sqft. The following chart includes the top 3 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
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 - 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 $3,440. 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 $1,985 and an average price per square feet of $4.04. There are a total of 5 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 $2,776 and an average price per square feet of $3.18. There are a total of 14 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 $3,727 and an average price per square feet of $2.88. There are a total of 17 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 -0.03%, one bedroom rental prices have changed by 0.15%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by -0.47% 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 $2,752/month. You can search for these reasonably priced rental listings on RentHop.