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 $1,450 for a studio rental to $6,023 for a 4-bedroom rental. The median price of all currently available listings is $1,863, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $64 (-4.40%) year-over-year from $1,459 to $1,395. 1-bedroom rentals prices have decreased by $56 (-3.14%) year-over-year from $1,793 to $1,737. 2-bedroom rentals prices have decreased by $91 (-3.88%) year-over-year from $2,341 to $2,250. 3-bedroom rentals prices have decreased by $21 (-0.54%) year-over-year from $3,846 to $3,825. 4-bedroom rentals prices have decreased by $272 (-5.03%) year-over-year from $5,397 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 2.95% this month. 1-bedroom rents have gone down by 0.49% this month. 2-bedroom rents have gone down by 5.50% this month. 3-bedroom rents have gone up by 8.05% this month. 4-bedroom rents have gone down by 1.73% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.92	$1,395	$1,459 (-4.40%)	$1,842 (-24.25%)
1 BR	$2.78	$1,737	$1,793 (-3.14%)	$1,463 (18.70%)
2 BR	$2.69	$2,250	$2,341 (-3.88%)	$2,150 (4.65%)
3 BR	$2.62	$3,825	$3,846 (-0.54%)	$3,290 (16.26%)
4+ BR	N/A	$5,125	$5,397 (-5.03%)	$4,541 (12.87%)

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 $2,430 per month. Our records show that Seattle, WA, with an average rent of $2,093, 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 $3,329 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 44.00% more affordable than other cities nearby. One bedrooms are about 34.29% more affordable. Two bedrooms in Magnolia - Queen Anne, Seattle, WA are about 33.46% more affordable. Finally, rent for three bedrooms are about 3.25% more affordable. 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	$1,494	$1,983	$2,700	$2,093
Redmond, WA	$2,088	$2,350	$3,103	$2,430
Bellevue, WA	$2,170	$3,246	$3,465	$3,329

Top Neighborhoods Near Magnolia - Queen Anne

There are a total of 3 neighborhoods in or near Magnolia - Queen Anne. Some of these neighborhoods include Broadway, Belltown, and Downtown Bellevue. We've included all of these top 3 neighborhoods in or near Magnolia - Queen Anne, Seattle, WA in the following chart.

The average rent for these 3 neighborhoods in or near Magnolia - Queen Anne, Seattle, WA is currently around $1,897 per month. A total of one neighborhood has a lower average rent. Meaning, only two neighborhoods have a higher average rent than $1,897. Interestingly, the neighborhoods' average rent is higher than Magnolia - Queen Anne's average rent, which is only $1,863. Out of all the neighborhoods in or near Magnolia - Queen Anne, Broadway has the most affordable average rent at $1,675 per month. Whereas, at $3,425 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	$1,870	$2,595	$1,675
Belltown, Seattle, WA	$1,563	$1,970	$3,128	$1,897
Downtown Bellevue, Bellevue, WA	$2,170	$3,312	$4,025	$3,425

Top Counties Near Magnolia - Queen Anne

There are a total of 3 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 7 zipcodes in or near Magnolia - Queen Anne, Seattle, WA. The average rent for all of these zipcodes is $2,109. 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 $1,725 per month. In comparison, the zipcode with the most expensive average rent of $3,565 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 Magnolia - Queen Anne, Seattle, WA is $2,109 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,103 per month. Which comes out to $3 per sqft. The following chart includes the top 7 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	$1,867	$2,109	$3,091	$2,109
98121, Seattle, WA	$1,563	$1,970	$3,128	$1,895
98101, Seattle, WA	$1,922	$2,357	$3,850	$2,819
98105, Seattle, WA	$1,363	$1,667	$2,545	$1,848
98122, Seattle, WA	$1,464	$1,738	$2,500	$1,725
98004, Bellevue, WA	$2,170	$3,312	$4,011	$3,565
98052, Redmond, WA	$2,088	$2,350	$3,103	$2,466

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 $1,863. 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 $1,450 and an average price per square feet of $2.92. There are a total of 9 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 $1,750 and an average price per square feet of $2.78. There are a total of 31 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 $2,325 and an average price per square feet of $2.69. There are a total of 20 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 -0.04%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by -0.04%, 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 $1,490/month. You can search for these reasonably priced rental listings on RentHop.