Average Rent in Magnolia - Queen Anne, Seattle, WA

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Current Versus Historical Magnolia - Queen Anne, Seattle, WA Rents

Magnolia - Queen Anne rentals average $1,483 for a studio rental to $5,000 for a 3-bedroom rental. The median price of all currently available listings is $1,830, or roughly $3 per square feet.

For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $257 (17.84%) year-over-year from $1,438 to $1,695. 1-bedroom rentals prices have increased by $52 (2.88%) year-over-year from $1,793 to $1,845. 2-bedroom rentals prices have increased by $52 (2.17%) year-over-year from $2,406 to $2,458. 3-bedroom rentals prices have increased by $43 (1.11%) year-over-year from $3,830 to $3,873. 4-bedroom rentals prices have decreased by $188 (-3.54%) year-over-year from $5,313 to $5,125. 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 13.13% this month. 1-bedroom rents have gone up by 2.69% this month. 2-bedroom rents have gone up by 3.82% this month. 3-bedroom rents have gone up by 5.02% this month. 4-bedroom rents have gone down by 2.54% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.03	$1,695	$1,438 (17.84%)	$1,824 (-7.06%)
1 BR	$2.78	$1,845	$1,793 (2.88%)	$1,462 (26.23%)
2 BR	$2.69	$2,458	$2,406 (2.17%)	$2,183 (12.62%)
3 BR	N/A	$3,873	$3,830 (1.11%)	$3,199 (21.05%)

Historical Rents in Magnolia - Queen Anne, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Magnolia - Queen Anne

There are a total of 3 cities nearby Magnolia - Queen Anne. The average rent in Magnolia - Queen Anne is currently $2,626 per month. Our records show that Seattle, WA, with an average rent of $2,035, is the most affordable city nearby. In contrast, the most expensive city near Magnolia - Queen Anne, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,200 per month.

Let's compare Magnolia - Queen Anne, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Magnolia - Queen Anne, Seattle, WA is 37.02% more affordable than other cities nearby. One bedrooms are about 38.62% more affordable. Two bedrooms in Magnolia - Queen Anne, Seattle, WA are about 29.36% more affordable. Finally, rent for three bedrooms are about 20.00% more expensive. Want more information? Check out the top 3 cities near Magnolia - Queen Anne, Seattle, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,503	$1,957	$2,725	$2,035
Redmond, WA	$2,032	$2,419	$3,040	$2,626
Bellevue, WA	$2,180	$2,930	$3,610	$3,200

Top Neighborhoods Near Magnolia - Queen Anne

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

The average rent for these 4 neighborhoods in or near Magnolia - Queen Anne, Seattle, WA is currently around $2,308 per month. A total of one neighborhood has a lower average rent. Meaning, only three neighborhoods have a higher average rent than $2,308. Interestingly, the neighborhoods' average rent is higher than Magnolia - Queen Anne's average rent, which is only $1,830. Out of all the neighborhoods in or near Magnolia - Queen Anne, Broadway has the most affordable average rent at $1,725 per month. Whereas, at $3,191 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Magnolia - Queen Anne. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Broadway, Seattle, WA	$1,495	$1,851	$2,595	$1,725
Belltown, Seattle, WA	$1,491	$2,275	$3,227	$2,025
Downtown Redmond, Redmond, WA	$2,032	$2,427	$3,041	$2,592
Downtown Bellevue, Bellevue, WA	$2,180	$2,938	$4,125	$3,191

Top Counties Near Magnolia - Queen Anne

There are a total of 4 counties located by Magnolia - Queen Anne, Seattle, WA.

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Magnolia - Queen Anne

There are a total of 6 zipcodes in or near Magnolia - Queen Anne, Seattle, WA. The average rent for all of these zipcodes is $2,359.

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

Zipcode	Studio	1 Bed	2 Bed	All
98109, Seattle, WA	$1,905	$2,069	$3,095	$2,084
98121, Seattle, WA	$1,491	$2,347	$3,227	$2,000
98101, Seattle, WA	$1,945	$2,457	$3,722	$3,212
98122, Seattle, WA	$1,552	$1,750	$2,500	$1,750
98004, Bellevue, WA	$2,180	$2,945	$4,075	$3,430
98052, Redmond, WA	$2,032	$2,419	$3,040	$2,633

Frequently Asked Questions - Magnolia - Queen Anne Average Rents

What is the average rent price in Magnolia - Queen Anne, Seattle, WA?

The average monthly rental price for Magnolia - Queen Anne, Seattle, WA apartments for rent is approximately $1,830. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Magnolia - Queen Anne, 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 Magnolia - Queen Anne, Seattle, WA.

How much is a studio apartment in Magnolia - Queen Anne, Seattle, WA?

The average monthly rental price for studio apartments is $1,483 and an average price per square feet of $3.03. There are a total of 8 studio apartment listings currently available for rent in Magnolia - Queen Anne.

How much is a one bedroom apartment in Magnolia - Queen Anne, Seattle, WA?

The average monthly rental price for one bedroom apartments is $1,745 and an average price per square feet of $2.78. There are a total of 29 one bedroom apartment listings currently available for rent in Magnolia - Queen Anne.

How much is a two bedroom apartment in Magnolia - Queen Anne, Seattle, WA?

The average monthly rental price for two bedroom apartments is $2,350 and an average price per square feet of $2.69. There are a total of 19 two bedroom apartment listings currently available for rent in Magnolia - Queen Anne.

How have rent prices in Magnolia - Queen Anne, Seattle, WA changed this year?

Rent prices for rentals in Magnolia - Queen Anne, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.18%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.01% year-over-year.

What is a reasonable rent price in Magnolia - Queen Anne, Seattle, WA?

A reasonable rent price in Magnolia - Queen Anne, Seattle, WA is around $1,464/month. You can search for these reasonably priced rental listings on RentHop.