Rental market trends in Seattle, WA
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Average Apartment Cost in Seattle, WA
Apartment Rent Ranges in Seattle, WA
| Apartment Prices | Proportion | |||
|---|---|---|---|---|
0% | 4% | 20% | 31% | 44% |
Neighborhood Apartment Rent Trends in Seattle, WA
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Lake Union | $1,834 | -4% |
| Maple Leaf | $1,822 | -9% |
| International District | $1,810 | -4% |
| Fremont | $1,741 | +9% |
| Columbia City | $1,630 | -15% |
| Westlake | $1,619 | -10% |
| Downtown | $1,600 | -16% |
| Beacon Hill | $1,587 | +27% |
| North Beacon Hill | $1,587 | +27% |
| Interbay | $1,550 | -- |
| Ravenna | $1,511 | -7% |
| North Queen Anne | $1,499 | -9% |
| Central District | $1,495 | -26% |
| Central Seattle | $1,495 | -16% |
| Alki Point | $1,495 | -4% |
| Rainier Valley | $1,472 | -23% |
| Lower Queen Anne | $1,462 | -17% |
| Queen Anne | $1,450 | -15% |
| Green Lake | $1,450 | +12% |
| Wallingford | $1,425 | -- |
| North Seattle | $1,425 | -23% |
| First Hill | $1,411 | -19% |
| Northgate | $1,400 | -29% |
| Montlake | $1,395 | -- |
| Crown Hill | $1,395 | -- |
| Phinney Ridge | $1,375 | +2% |
| Delridge | $1,355 | -7% |
| West Seattle | $1,350 | -24% |
| Belltown | $1,343 | -24% |
| Capitol Hill | $1,325 | -17% |
| Greenwood | $1,325 | +21% |
| Broadway | $1,310 | -18% |
| University District | $1,304 | -10% |
| Northeast Seattle | $1,304 | -8% |
| Northwest Seattle | $1,300 | +16% |
| Ballard | $1,295 | 0% |
| Adams | $1,295 | 0% |
| Roosevelt | $1,250 | -6% |
| Bitter Lake | $1,150 | +5% |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Westlake | $2,746 | +5% |
| West Edge | $2,660 | -5% |
| Lake Union | $2,564 | -5% |
| North Seattle | $2,398 | +8% |
| Downtown | $2,389 | -8% |
| Lower Queen Anne | $2,287 | +9% |
| Belltown | $2,285 | -9% |
| Alki Point | $2,250 | +13% |
| Rainier Valley | $2,170 | -7% |
| Columbia City | $2,162 | -7% |
| Fremont | $2,150 | +10% |
| Madison Park | $2,150 | +15% |
| Adams | $2,129 | -6% |
| Queen Anne | $2,124 | +4% |
| International District | $2,101 | -7% |
| Ballard | $2,085 | -9% |
| Maple Leaf | $2,075 | -8% |
| Central District | $2,070 | -3% |
| Beacon Hill | $1,950 | +20% |
| North Beacon Hill | $1,950 | +20% |
| West Seattle | $1,928 | -5% |
| Roosevelt | $1,926 | -7% |
| Eastlake | $1,925 | -30% |
| Broadway | $1,910 | -4% |
| Capitol Hill | $1,910 | -4% |
| Interbay | $1,849 | -- |
| Central Seattle | $1,795 | -8% |
| Magnolia | $1,795 | +6% |
| North Queen Anne | $1,750 | +10% |
| University District | $1,725 | +8% |
| Wallingford | $1,725 | +2% |
| Bitter Lake | $1,700 | +8% |
| Northeast Seattle | $1,695 | +6% |
| First Hill | $1,681 | -34% |
| Green Lake | $1,645 | +3% |
| Northwest Seattle | $1,645 | -3% |
| Northgate | $1,625 | -26% |
| Greenwood | $1,595 | -10% |
| Ravenna | $1,595 | -13% |
| Phinney Ridge | $1,595 | +7% |
| Montlake | $1,587 | -7% |
| Lake City | $1,545 | -6% |
| Laurelhurst | $1,495 | 0% |
| Crown Hill | $1,450 | +4% |
| Delridge | $1,112 | +5% |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| West Edge | $3,460 | -6% |
| Downtown | $3,386 | -11% |
| Belltown | $3,271 | -5% |
| Adams | $3,225 | -3% |
| Ballard | $3,210 | -3% |
| Interbay | $3,095 | +35% |
| North Seattle | $2,941 | -2% |
| West Seattle | $2,911 | +19% |
| Eastlake | $2,900 | +16% |
| Fremont | $2,871 | +15% |
| Beacon Hill | $2,797 | +40% |
| North Beacon Hill | $2,797 | +40% |
| Columbia City | $2,780 | -18% |
| Rainier Valley | $2,780 | -16% |
| Lower Queen Anne | $2,757 | -5% |
| Wallingford | $2,750 | -- |
| International District | $2,699 | -10% |
| Madison Park | $2,650 | -4% |
| Queen Anne | $2,639 | -9% |
| First Hill | $2,583 | -48% |
| Montlake | $2,495 | -- |
| Ravenna | $2,495 | +6% |
| Central District | $2,434 | -15% |
| Greenwood | $2,400 | -20% |
| Central Seattle | $2,390 | -11% |
| Capitol Hill | $2,347 | -18% |
| Broadway | $2,250 | -29% |
| Alki Point | $2,200 | -- |
| Maple Leaf | $2,200 | -30% |
| Green Lake | $2,145 | -12% |
| Delridge | $2,122 | +10% |
| Crown Hill | $2,100 | +20% |
| Northwest Seattle | $2,095 | -26% |
| Bitter Lake | $2,095 | -12% |
| North Queen Anne | $2,050 | -2% |
| Magnolia | $1,995 | -13% |
| Northgate | $1,972 | -35% |
| University District | $1,921 | -3% |
| Northeast Seattle | $1,921 | -5% |
| Phinney Ridge | $1,895 | -- |
| Laurelhurst | $1,795 | -- |
| Roosevelt | $1,770 | 0% |
| Lake City | $1,695 | -23% |
How Other Cities Compare to Seattle, WA
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Bellevue | $2,068 | -1% |
| Everett | $1,950 | -13% |
| Lynnwood | $1,917 | -5% |
| Renton | $1,895 | -- |
| Edmonds | $1,894 | +6% |
| Bothell | $1,877 | -18% |
| Woodinville | $1,807 | -6% |
| Kirkland | $1,724 | -- |
| Kent | $1,699 | -10% |
| Burien | $1,672 | +45% |
| Silverdale | $1,599 | -14% |
| Auburn | $1,595 | +14% |
| Lacey | $1,549 | +2% |
| Olympia | $1,525 | +36% |
| Lakewood | $1,457 | -8% |
| Tacoma | $1,442 | +1% |
| Tukwila | $1,275 | -47% |
| Federal Way | $1,215 | 0% |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Issaquah | $2,619 | +32% |
| Bellevue | $2,577 | -7% |
| Renton | $2,279 | -4% |
| Lynnwood | $2,192 | +36% |
| Woodinville | $2,102 | +1% |
| Bothell | $2,039 | +8% |
| Maple Valley | $1,999 | -5% |
| Edmonds | $1,974 | +8% |
| Gig Harbor | $1,950 | -2% |
| Burien | $1,930 | +21% |
| Silverdale | $1,862 | -3% |
| Lacey | $1,820 | +19% |
| Kenmore | $1,690 | +15% |
| Everett | $1,651 | -3% |
| Olympia | $1,640 | -1% |
| Federal Way | $1,621 | 0% |
| Auburn | $1,604 | -5% |
| Lakewood | $1,567 | -3% |
| Kent | $1,560 | -7% |
| Tukwila | $1,522 | -6% |
| Tacoma | $1,520 | -15% |
| Puyallup | $1,500 | -10% |
| Marysville | $1,150 | -- |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Kirkland | $4,295 | +63% |
| Bellevue | $3,236 | -13% |
| Renton | $2,943 | -4% |
| Issaquah | $2,831 | +17% |
| Woodinville | $2,802 | -17% |
| Lynnwood | $2,800 | +13% |
| Bothell | $2,662 | +6% |
| Edmonds | $2,200 | -19% |
| Silverdale | $2,155 | +6% |
| Burien | $2,119 | +23% |
| Olympia | $2,077 | +4% |
| Kenmore | $2,050 | +10% |
| Maple Valley | $2,050 | -17% |
| Federal Way | $1,913 | +9% |
| Lakewood | $1,881 | -2% |
| Everett | $1,852 | -5% |
| Kent | $1,845 | -13% |
| Tukwila | $1,765 | -9% |
| Tacoma | $1,764 | -19% |
| Puyallup | $1,750 | -9% |
| Lacey | $1,675 | -4% |
| Gig Harbor | $1,657 | +14% |
| Auburn | $1,600 | -12% |
| Marysville | $1,370 | -- |
Seattle, WA Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 |
| $1574 | $1561 | $1532 | $1480 | $1457 | $1521 | $1493 | $1497 | $1510 | $1473 | $1425 | $1411 | $1385 |
| $2219 | $2260 | $2252 | $2265 | $2262 | $2267 | $2298 | $2328 | $2319 | $2227 | $2227 | $2227 | $2227 |
| $3234 | $3255 | $3264 | $3261 | $3234 | $3292 | $3268 | $3304 | $3260 | $3172 | $3172 | $3172 | $3172 |
| $8065 | $8279 | $7953 | $8872 | $7327 | $7378 | $7413 | $7370 | $7424 | $7782 | $7801 | $7380 | $8213 |
Neighborhood Information for Seattle, WA
What are the most affordable neighborhoods in Seattle, WA?
The most affordable neighborhoods in Seattle are Delridge, where the average 1-bedroom apartment rent goes for $1,112, Crown Hill, where renters pay $1,450 on average for a 1-bedroom apartment, and Laurelhurst, where the average 1-bedroom apartment rent goes for $1,495. If you're looking for other great deals, check out the listings in Lake City ($1,545 for a 1-bedroom apartment) or Montlake ($1,587 for a 1-bedroom apartment), compared to the $2,145 average for a Seattle 1-bedroom apartment.
What are the most expensive neighborhoods in Seattle, WA?
The most expensive neighborhoods in Seattle are Pioneer Square, where the average 1-bedroom apartment rent goes for $3,590, South Lake Union, where renters pay $3,012 on average for a 1-bedroom apartment, and Cascade, where the average 1-bedroom apartment rent goes for $2,945. If you're looking for other premium neighborhoods, check out the listings in Westlake ($2,746 for a 1-bedroom apartment) or West Edge ($2,660 for a 1-bedroom apartment), compared to the $2,145 average for a Seattle 1-bedroom apartment.
What are the most popular neighborhoods in Seattle, WA?
The most popular neighborhoods in Seattle are University District, where the average 1-bedroom apartment rent goes for $1,725, Wallingford, where renters pay $1,725 on average for a 1-bedroom apartment, and Laurelhurst, where the average 1-bedroom apartment rent goes for $1,495. If you're looking for other popular neighborhoods, check out the listings in Ravenna ($1,595 for a 1-bedroom apartment) or Lake Union ($2,564 for a 1-bedroom apartment), compared to the $2,145 average for a Seattle 1-bedroom apartment.
