Average Rent in Pierce, WA

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Current Versus Historical Pierce, WA Rents

Pierce rentals average $2,500 for a studio rental to $3,250 for a 4-bedroom rental. The median price of all currently available listings is $2,200, or roughly $2 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 increased by $1,090 (94.16%) year-over-year from $1,158 to $2,248. 1-bedroom rentals prices have increased by $772 (58.00%) year-over-year from $1,332 to $2,104. 2-bedroom rentals prices have increased by $941 (54.90%) year-over-year from $1,713 to $2,654. 3-bedroom rentals prices have increased by $288 (11.68%) year-over-year from $2,463 to $2,750. 4-bedroom rentals prices have increased by $294 (10.12%) year-over-year from $2,906 to $3,200. 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 47.38% this month. 1-bedroom rents have gone up by 31.66% this month. 2-bedroom rents have gone up by 29.48% this month. 3-bedroom rents have gone up by 6.52% this month. 4-bedroom rents have gone up by 4.72% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.06	$2,248	$1,158 (94.16%)	$1,759 (27.80%)
1 BR	$2.29	$2,104	$1,332 (58.00%)	$1,278 (64.59%)
2 BR	$1.63	$2,654	$1,713 (54.90%)	$1,566 (69.44%)
3 BR	$456.18	$2,750	$2,463 (11.68%)	$2,115 (30.02%)
4+ BR	N/A	$3,200	$2,906 (10.12%)	$2,633 (21.52%)

Historical Rents in Pierce, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Pierce

There are a total of 4 cities nearby Pierce. The average rent in Pierce is currently $2,322 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Yakima, WA, with an average rent of $995, is the most affordable city nearby. In contrast, the most expensive city near Pierce, WA is Bellevue, WA. Monthly rents here are on average $3,234 per month.

Let's compare Pierce, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Pierce, WA is 29.28% more expensive than other cities nearby. One bedrooms are about 57.13% more affordable. Two bedrooms in Pierce, WA are about 64.94% more affordable. Finally, rent for three bedrooms are about 38.35% more affordable. Want more information? Check out the top 4 cities near Pierce, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Yakima, WA	$695	$898	$1,113	$995
Seattle, WA	$1,495	$1,970	$2,716	$2,039
Redmond, WA	$2,041	$2,414	$3,041	$2,605
Bellevue, WA	$2,205	$2,965	$3,700	$3,234

Top Neighborhoods Near Pierce

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

The average rent for these 4 neighborhoods in or near Pierce, WA is currently around $2,247 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $2,247. Interestingly, the neighborhoods' average rent is higher than Pierce's average rent, which is only $2,200. Out of all the neighborhoods in or near Pierce, Broadway has the most affordable average rent at $1,700 per month. Whereas, at $3,192 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Pierce. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Broadway, Seattle, WA	$1,495	$1,725	$2,695	$1,700
Belltown, Seattle, WA	$1,490	$2,361	$3,218	$2,000
Downtown Redmond, Redmond, WA	$2,041	$2,435	$3,041	$2,494
Downtown Bellevue, Bellevue, WA	$2,205	$2,965	$4,175	$3,192

Top Counties Near Pierce

There are a total of 4 counties located by Pierce, WA. Some of these counties include Yakima, WA, Kittitas, WA, and Chelan, WA. The average rent for rentals in these counties is $1,700. That's roughly around $2 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Yakima, WA. It's average rent per month is $1,095. Vice versa, with an average rent of $2,242, King, WA is the most expensive county by Pierce, WA.

Typically, rent for studios in Pierce, WA is 64.20% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Pierce, WA is 11.29% more expensive than other counties nearby. Finally, rent for two bedrooms in Pierce, WA is 0.29% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Yakima, WA	$673	$895	$1,200	$1,095
Kittitas, WA	$1,300	$1,015	$1,413	$1,575
Chelan, WA	$895	$1,238	$1,750	$1,700
Thurston, WA	N/A	$1,450	$1,948	$2,123
King, WA	$1,600	$2,000	$2,716	$2,242

Top Zipcodes Near Pierce

There are a total of 6 zipcodes in or near Pierce, WA. The average rent for all of these zipcodes is $2,322. A total of 3 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 $1,782 per month. In comparison, the zipcode with the most expensive average rent of $3,456 per month is 98004, Bellevue, WA.

Studios in these zipcodes have an average rent of $1,890. 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 Pierce, WA is $2,393 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,130 per month. Which comes out to $3 per sqft. The following chart includes the top 6 zipcodes in Pierce, WA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
98052, Redmond, WA	$2,041	$2,414	$3,041	$2,606
98122, Seattle, WA	$1,525	$1,738	$2,548	$1,782
98109, Seattle, WA	$1,835	$2,039	$3,035	$2,039
98101, Seattle, WA	$1,945	$2,535	$3,726	$3,212
98121, Seattle, WA	$1,490	$2,372	$3,218	$1,968
98004, Bellevue, WA	$2,205	$2,965	$4,174	$3,456

Frequently Asked Questions - Pierce Average Rents

What is the average rent price in Pierce, WA?

The average monthly rental price for Pierce, WA apartments for rent is approximately $2,200. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Pierce, 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 Pierce, WA.

How much is a studio apartment in Pierce, WA?

The average monthly rental price for studio apartments is $2,500 and an average price per square feet of $3.06. There are a total of 12 studio apartment listings currently available for rent in Pierce.

How much is a one bedroom apartment in Pierce, WA?

The average monthly rental price for one bedroom apartments is $1,395 and an average price per square feet of $2.29. There are a total of 20 one bedroom apartment listings currently available for rent in Pierce.

How much is a two bedroom apartment in Pierce, WA?

The average monthly rental price for two bedroom apartments is $1,745 and an average price per square feet of $1.63. There are a total of 19 two bedroom apartment listings currently available for rent in Pierce.

How have rent prices in Pierce, WA changed this year?

Rent prices for rentals in Pierce, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.94%, one bedroom rental prices have changed by 0.58%, two bedroom rental prices have changed by 0.55%, and three bedroom rental prices have changed by 0.12% year-over-year.

What is a reasonable rent price in Pierce, WA?

A reasonable rent price in Pierce, WA is around $1,760/month. You can search for these reasonably priced rental listings on RentHop.