Average Rent in Seattle, WA

Home  »  WA  »  Seattle

Current Versus Historical Seattle, WA Rents

Seattle rentals average $1,832 for a studio rental to $6,300 for a 4-bedroom rental. The median price of all currently available listings is $2,362, or roughly $3 per square feet.
For the apartment units and housing in June 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $232 (17.09%) year-over-year from $1,357 to $1,589. 1-bedroom rentals prices have increased by $337 (19.19%) year-over-year from $1,757 to $2,095. 2-bedroom rentals prices have increased by $581 (24.62%) year-over-year from $2,358 to $2,939. 3-bedroom rentals prices have increased by $304 (8.68%) year-over-year from $3,497 to $3,800. 4-bedroom rentals prices have increased by $820 (18.51%) year-over-year from $4,430 to $5,250. 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 7.44% this month. 1-bedroom rents have gone up by 6.13% this month. 2-bedroom rents have gone up by 9.43% this month. 3-bedroom rents have gone up by 3.90% this month. 4-bedroom rents have gone up by 1.94% this month.
Beds
Price / Sqft
Jun 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.73 $1,589 $1,357 (17.09%) $1,602 (-0.84%)
1 BR $3.50 $2,095 $1,757 (19.19%) $1,520 (37.83%)
2 BR $3.03 $2,939 $2,358 (24.62%) $1,983 (48.18%)
3 BR $3.54 $3,800 $3,497 (8.68%) $2,950 (28.81%)
4+ BR $1.48 $5,250 $4,430 (18.51%) $3,855 (36.19%)

Historical Rents in Seattle, WA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Seattle

There are a total of 2 cities nearby Seattle. The average rent in Seattle is currently $3,121 per month. Our records show that Redmond, WA, with an average rent of $2,722, is the most affordable city nearby. In contrast, the most expensive city near Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,519 per month.

Let's compare Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Seattle, WA is 16.77% more affordable than other cities nearby. One bedrooms are about 25.98% more affordable. Two bedrooms in Seattle, WA are about 11.71% more affordable. Finally, rent for three bedrooms are about 5.19% more affordable. Want more information? Check out the top 2 cities near Seattle, WA in the following chart.
City Studio 1 Bed 2 Bed All
Redmond, WA $2,102 $2,566 $3,144 $2,722
Bellevue, WA $2,177 $2,999 $4,012 $3,519

Top Neighborhoods Near Seattle

There are a total of 2 neighborhoods in or near Seattle. We've included all of these top 2 neighborhoods in or near Seattle, WA in the following chart.

The average rent for these 2 neighborhoods in or near Seattle, WA is currently around $2,925 per month. Meaning, only two neighborhoods have a higher average rent than $2,925. Interestingly, the neighborhoods' average rent is higher than Seattle's average rent, which is only $2,362. Out of all the neighborhoods in or near Seattle, Downtown Redmond has the most affordable average rent at $2,655 per month. Whereas, at $3,196 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Seattle. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Downtown Redmond, Redmond, WA $2,102 $2,566 $3,143 $2,655
Downtown Bellevue, Bellevue, WA $2,123 $3,004 $4,280 $3,196

Top Counties Near Seattle

There are a total of 2 counties located by Seattle, WA.

We've listed the top 0 counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near Seattle

There are a total of 3 zipcodes in or near Seattle, WA. The average rent for all of these zipcodes is $3,388.

The following chart includes the top 3 zipcodes in Seattle, WA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
98052, Redmond, WA $2,102 $2,566 $3,144 $2,722
98101, Seattle, WA $2,105 $2,925 $5,489 $3,388
98004, Bellevue, WA $2,123 $3,009 $4,280 $3,519

Frequently Asked Questions - Seattle Average Rents

What is the average rent price in Seattle, WA?
The average monthly rental price for Seattle, WA apartments for rent is approximately $2,362. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 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 Seattle, WA.
How much is a studio apartment in Seattle, WA?
The average monthly rental price for studio apartments is $1,832 and an average price per square feet of $3.73. There are a total of 79 studio apartment listings currently available for rent in Seattle.
How much is a one bedroom apartment in Seattle, WA?
The average monthly rental price for one bedroom apartments is $2,209 and an average price per square feet of $3.50. There are a total of 160 one bedroom apartment listings currently available for rent in Seattle.
How much is a two bedroom apartment in Seattle, WA?
The average monthly rental price for two bedroom apartments is $3,203 and an average price per square feet of $3.03. There are a total of 84 two bedroom apartment listings currently available for rent in Seattle.
How have rent prices in Seattle, WA changed this year?
Rent prices for rentals in Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.17%, one bedroom rental prices have changed by 0.19%, two bedroom rental prices have changed by 0.25%, and three bedroom rental prices have changed by 0.09% year-over-year.
What is a reasonable rent price in Seattle, WA?
A reasonable rent price in Seattle, WA is around $1,889/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast