Average Rent in Renton, WA

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Current Versus Historical Renton, WA Rents

Renton rentals average $4,450 for a studio rental to $3,200 for a 4-bedroom rental. The median price of all currently available listings is $2,015, 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 decreased by $816 (-47.55%) year-over-year from $1,716 to $900. 1-bedroom rentals prices have increased by $193 (12.83%) year-over-year from $1,507 to $1,700. 2-bedroom rentals prices have increased by $40 (1.94%) year-over-year from $2,060 to $2,100. 3-bedroom rentals prices have decreased by $25 (-0.84%) year-over-year from $2,924 to $2,900. 4-bedroom rentals prices have decreased by $279 (-7.40%) year-over-year from $3,774 to $3,495. 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 down by 39.57% this month. 1-bedroom rents have gone up by 1.17% this month. 2-bedroom rents have gone down by 3.88% this month. 3-bedroom rents have gone down by 1.14% this month. 4-bedroom rents have gone down by 2.78% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$900	$1,716 (-47.55%)	$2,225 (-59.55%)
1 BR	$2.67	$1,700	$1,507 (12.83%)	$1,772 (-4.05%)
2 BR	$2.30	$2,100	$2,060 (1.94%)	$2,271 (-7.51%)
3 BR	$1.97	$2,900	$2,924 (-0.84%)	$2,429 (19.36%)
4+ BR	N/A	$3,495	$3,774 (-7.40%)	$3,306 (5.72%)

Historical Rents in Renton, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Renton

There are a total of 2 cities nearby Renton. The average rent in Renton is currently $2,693 per month. Our records show that Seattle, WA, with an average rent of $2,047, is the most affordable city nearby. In contrast, the most expensive city near Renton, WA is Bellevue, WA. Monthly rents here are on average $3,338 per month.

Let's compare Renton, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Renton, WA is 57.25% more expensive than other cities nearby. One bedrooms are about 44.54% more affordable. Two bedrooms in Renton, WA are about 44.12% more affordable. Finally, rent for three bedrooms are about 73.59% more affordable. Want more information? Check out the top 2 cities near Renton, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,516	$1,944	$2,733	$2,047
Bellevue, WA	$2,289	$3,018	$3,617	$3,338

Top Neighborhoods Near Renton

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

The average rent for these 3 neighborhoods in or near Renton, WA is currently around $2,025 per month. A total of one neighborhood has a lower average rent. Meaning, only two neighborhoods have a higher average rent than $2,025. Interestingly, the neighborhoods' average rent is higher than Renton's average rent, which is only $2,015. Out of all the neighborhoods in or near Renton, Broadway has the most affordable average rent at $1,725 per month. Whereas, at $3,213 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Renton. 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	$1,566	$2,275	$3,227	$2,025
Downtown Bellevue, Bellevue, WA	$2,289	$3,047	$4,075	$3,213

Top Counties Near Renton

There are a total of 3 counties located by Renton, WA.

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Renton

There are a total of 5 zipcodes in or near Renton, WA. The average rent for all of these zipcodes is $2,121.

The following chart includes the top 5 zipcodes in Renton, WA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
98122, Seattle, WA	$1,552	$1,750	$2,325	$1,756
98109, Seattle, WA	$1,905	$2,121	$3,095	$2,121
98101, Seattle, WA	$1,950	$2,570	$3,736	$3,197
98121, Seattle, WA	$1,566	$2,275	$3,227	$2,025
98004, Bellevue, WA	$2,289	$3,075	$4,036	$3,520

Frequently Asked Questions - Renton Average Rents

What is the average rent price in Renton, WA?

The average monthly rental price for Renton, WA apartments for rent is approximately $2,015. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Renton, 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 Renton, WA.

How much is a studio apartment in Renton, WA?

The average monthly rental price for studio apartments is $4,450 and an average price per square feet of $0. There are a total of 2 studio apartment listings currently available for rent in Renton.

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

The average monthly rental price for one bedroom apartments is $1,717 and an average price per square feet of $2.67. There are a total of 14 one bedroom apartment listings currently available for rent in Renton.

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

The average monthly rental price for two bedroom apartments is $2,203 and an average price per square feet of $2.30. There are a total of 13 two bedroom apartment listings currently available for rent in Renton.

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

Rent prices for rentals in Renton, WA can fluctuate yearly. Specifically, studio rental prices have changed by -0.48%, one bedroom rental prices have changed by 0.13%, 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 Renton, WA?

A reasonable rent price in Renton, WA is around $1,612/month. You can search for these reasonably priced rental listings on RentHop.