Average Rent in Downtown Seattle, Seattle, WA

Current Versus Historical Downtown Seattle, Seattle, WA Rents

Downtown Seattle rentals average $1,680 for a studio rental to $5,995 for a 3-bedroom rental. The median price of all currently available listings is $2,265, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $61 (4.83%) year-over-year from $1,264 to $1,325. 1-bedroom rentals prices have decreased by $322 (-15.51%) year-over-year from $2,077 to $1,755. 2-bedroom rentals prices have decreased by $167 (-5.61%) year-over-year from $2,979 to $2,812. 3-bedroom rentals prices have increased by $1,155 (23.86%) year-over-year from $4,840 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 1.49% this month. 1-bedroom rents have gone down by 10.51% this month. 2-bedroom rents have gone down by 7.69% this month. 3-bedroom rents have gone up by 14.05% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.75	$1,325	$1,264 (4.83%)	$1,507 (-12.05%)
1 BR	$3.09	$1,755	$2,077 (-15.51%)	$1,961 (-10.55%)
2 BR	$2.79	$2,812	$2,979 (-5.61%)	$2,796 (0.56%)
3 BR	$3.09	$5,995	$4,840 (23.86%)	$5,836 (2.73%)

Historical Rents in Downtown Seattle, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Seattle

There are a total of 3 cities nearby Downtown Seattle. The average rent in Downtown Seattle is currently $2,430 per month. Only one city nearby has an average rent lower than that. Our records show that Seattle, WA, with an average rent of $2,070, is the most affordable city nearby. In contrast, the most expensive city near Downtown Seattle, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,270 per month.

Let's compare Downtown Seattle, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Seattle, Seattle, WA is 23.30% more affordable than other cities nearby. One bedrooms are about 8.78% more affordable. Two bedrooms in Downtown Seattle, Seattle, WA are about 5.38% more expensive. Finally, rent for three bedrooms are about 34.53% more expensive. Want more information? Check out the top 3 cities near Downtown Seattle, Seattle, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,475	$1,967	$2,667	$2,070
Redmond, WA	$2,072	$2,386	$3,113	$2,430
Bellevue, WA	$2,145	$3,036	$3,478	$3,270

Top Neighborhoods Near Downtown Seattle

There are a total of 5 neighborhoods in or near Downtown Seattle. Some of these neighborhoods include Broadway, Belltown, and Downtown Redmond. We've included all of these top 5 neighborhoods in or near Downtown Seattle, Seattle, WA in the following chart.

The average rent for these 5 neighborhoods in or near Downtown Seattle, Seattle, WA is currently around $2,430 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $2,430. Interestingly, the neighborhoods' average rent is higher than Downtown Seattle's average rent, which is only $2,265. Out of all the neighborhoods in or near Downtown Seattle, Broadway has the most affordable average rent at $1,675 per month. Whereas, at $3,341 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Downtown Seattle. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Broadway, Seattle, WA	$1,526	$1,895	$2,695	$1,675
Belltown, Seattle, WA	$1,471	$1,921	$3,158	$1,921
Downtown Redmond, Redmond, WA	$2,072	$2,390	$3,124	$2,430
Central Business District, Seattle, WA	$1,945	$2,525	$3,757	$2,839
Downtown Bellevue, Bellevue, WA	$2,145	$3,140	$3,971	$3,341

Top Counties Near Downtown Seattle

There are a total of 5 counties located by Downtown Seattle, Seattle, WA.

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Downtown Seattle

There are a total of 7 zipcodes in or near Downtown Seattle, Seattle, WA. The average rent for all of these zipcodes is $2,189. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 98122, Seattle, WA at $1,725 per month. In comparison, the zipcode with the most expensive average rent of $3,537 per month is 98004, Bellevue, WA.

Studios in these zipcodes have an average rent of $1,795. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Downtown Seattle, Seattle, WA is $2,189 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,113 per month. Which comes out to $3 per sqft. The following chart includes the top 7 zipcodes in Downtown Seattle, 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	$1,923	$2,536	$3,855	$2,790
98121, Seattle, WA	$1,474	$1,895	$3,158	$1,895
98122, Seattle, WA	$1,453	$1,738	$2,150	$1,725
98109, Seattle, WA	$1,795	$2,189	$3,039	$2,189
98105, Seattle, WA	$1,363	$1,603	$2,545	$1,850
98004, Bellevue, WA	$2,145	$3,140	$3,916	$3,537
98052, Redmond, WA	$2,072	$2,386	$3,113	$2,484

Frequently Asked Questions - Downtown Seattle Average Rents

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

The average monthly rental price for Downtown Seattle, Seattle, WA apartments for rent is approximately $2,265. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown Seattle, 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 Downtown Seattle, Seattle, WA.

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

The average monthly rental price for studio apartments is $1,680 and an average price per square feet of $3.75. There are a total of 44 studio apartment listings currently available for rent in Downtown Seattle.

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

The average monthly rental price for one bedroom apartments is $2,194 and an average price per square feet of $3.09. There are a total of 60 one bedroom apartment listings currently available for rent in Downtown Seattle.

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

The average monthly rental price for two bedroom apartments is $3,290 and an average price per square feet of $2.79. There are a total of 45 two bedroom apartment listings currently available for rent in Downtown Seattle.

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

Rent prices for rentals in Downtown Seattle, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.05%, one bedroom rental prices have changed by -0.16%, two bedroom rental prices have changed by -0.06%, and three bedroom rental prices have changed by 0.24% year-over-year.

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

A reasonable rent price in Downtown Seattle, Seattle, WA is around $1,812/month. You can search for these reasonably priced rental listings on RentHop.