Average Rent in First Hill, Seattle, WA

Current Versus Historical First Hill, Seattle, WA Rents

First Hill rentals average $1,343 for a studio rental to $2,833 for a 2-bedroom rental. The median price of all currently available listings is $1,915, 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 $41 (3.28%) year-over-year from $1,244 to $1,285. 1-bedroom rentals prices have decreased by $267 (-14.33%) year-over-year from $1,865 to $1,598. 2-bedroom rentals prices have decreased by $313 (-11.78%) year-over-year from $2,658 to $2,345. 3-bedroom rentals prices have increased by $4,195 (80.75%) year-over-year from $5,195 to $9,390. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $3,795 to $3,795. 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 0.80% this month. 1-bedroom rents have gone down by 6.81% this month. 2-bedroom rents have gone down by 5.12% this month. 3-bedroom rents have gone down by 0.00% 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	$4.10	$1,285	$1,244 (3.28%)	$1,950 (-34.10%)
1 BR	$2.91	$1,598	$1,865 (-14.33%)	$1,631 (-2.07%)
2 BR	$2.60	$2,345	$2,658 (-11.78%)	$2,001 (17.18%)

Historical Rents in First Hill, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near First Hill

There are a total of 3 cities nearby First Hill. The average rent in First Hill is currently $2,430 per month. Our records show that Seattle, WA, with an average rent of $2,081, is the most affordable city nearby. In contrast, the most expensive city near First Hill, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,270 per month.

Let's compare First Hill, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in First Hill, Seattle, WA is 57.07% more affordable than other cities nearby. One bedrooms are about 26.28% more affordable. Two bedrooms in First Hill, Seattle, WA are about 9.71% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 3 cities near First Hill, Seattle, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,495	$1,980	$2,699	$2,081
Redmond, WA	$2,110	$2,384	$3,108	$2,430
Bellevue, WA	$2,170	$3,071	$3,458	$3,270

Top Neighborhoods Near First Hill

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

The average rent for these 5 neighborhoods in or near First Hill, Seattle, WA is currently around $2,430 per month. A total of one neighborhood has a lower average rent. Meaning, only four neighborhoods have a higher average rent than $2,430. Interestingly, the neighborhoods' average rent is higher than First Hill's average rent, which is only $1,915. Out of all the neighborhoods in or near First Hill, Broadway has the most affordable average rent at $1,675 per month. Whereas, at $3,390 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near First Hill. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Broadway, Seattle, WA	$1,510	$1,870	$2,686	$1,675
Belltown, Seattle, WA	$1,516	$1,911	$3,133	$1,977
Downtown Redmond, Redmond, WA	$2,110	$2,388	$3,119	$2,430
Central Business District, Seattle, WA	$1,933	$2,531	$3,510	$2,908
Downtown Bellevue, Bellevue, WA	$2,170	$3,256	$3,990	$3,390

Top Counties Near First Hill

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

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near First Hill

There are a total of 7 zipcodes in or near First Hill, Seattle, WA. The average rent for all of these zipcodes is $2,125. 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 98122, Seattle, WA at $1,738 per month. In comparison, the zipcode with the most expensive average rent of $3,522 per month is 98004, Bellevue, WA.

Studios in these zipcodes have an average rent of $1,867. 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 First Hill, Seattle, WA is $2,117 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,108 per month. Which comes out to $3 per sqft. The following chart includes the top 7 zipcodes in First Hill, 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	$1,906	$2,531	$3,850	$2,847
98122, Seattle, WA	$1,510	$1,738	$2,500	$1,738
98121, Seattle, WA	$1,516	$1,911	$3,133	$1,926
98109, Seattle, WA	$1,867	$2,117	$3,091	$2,125
98105, Seattle, WA	$1,363	$1,667	$2,595	$1,850
98004, Bellevue, WA	$2,170	$3,256	$3,953	$3,522
98052, Redmond, WA	$2,110	$2,384	$3,108	$2,466

Frequently Asked Questions - First Hill Average Rents

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

The average monthly rental price for First Hill, Seattle, WA apartments for rent is approximately $1,915. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do First 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 First Hill, Seattle, WA.

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

The average monthly rental price for studio apartments is $1,343 and an average price per square feet of $4.10. There are a total of 4 studio apartment listings currently available for rent in First Hill.

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

The average monthly rental price for one bedroom apartments is $1,888 and an average price per square feet of $2.91. There are a total of 12 one bedroom apartment listings currently available for rent in First Hill.

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

The average monthly rental price for two bedroom apartments is $2,833 and an average price per square feet of $2.60. There are a total of 6 two bedroom apartment listings currently available for rent in First Hill.

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

Rent prices for rentals in First Hill, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.03%, one bedroom rental prices have changed by -0.14%, two bedroom rental prices have changed by -0.12%, and three bedroom rental prices have changed by 0.81% year-over-year.

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

A reasonable rent price in First Hill, Seattle, WA is around $1,532/month. You can search for these reasonably priced rental listings on RentHop.