The Kennedy Building
907 NE 45th St,
Seattle, WA 98105
Studio - 2 Beds | $2,314 - 2,701
Rental Market Trends in Seattle, WA
What is the average rent in Seattle, WA?
$2,045/month
Average Rent
650 Sq Ft
Average Apartment Size
+1.1%
Increase in the Last Year
As of December 2024, the average rent in Seattle, WA is $2,045 per month. This is 31% higher than the national average rent price of $1,559/month, making Seattle one of the most expensive cities in the US. When you rent an apartment in Seattle, you can expect to pay about $1,495 per month for a studio, $2,045 for a one-bedroom apartment, and around $2,718 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,828 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Seattle, WA?
In the past year, rent has increased by 1.1%, which averages out to $22 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Seattle, WA
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
11%
$700 - $1,000/month
31%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
24%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Seattle?
Based on current rent prices, South Seattle, North Beacon Hill and West Seattle are the most affordable neighborhoods in Seattle.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Seattle?
Based on current rent prices, Denny Triangle, South Lake Union and Lake Union are the most expensive neighborhoods in Seattle.
Neighborhood
Average Rent
Average Sq Ft
Which Seattle neighborhoods have the most rentals available?
The neighborhoods in Seattle with the most apartments available are Greater Duwamish, Downtown Seattle and Central Seattle .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Seattle, WA?
Because the average rent in Seattle is $2,045, you’ll want to make about $6,816 per month or $81,792 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Seattle, WA compare to other nearby cities and neighborhoods?
Use the tool below to compare Seattle, WA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,490/month
$2,031/month
One Bedroom
$1,709/month
$2,903/month
Two Bedroom
$2,088/month
$4,081/month
Three Bedroom
$3,357/month
$8,102/month
Nearby City Rent Trends
Apartment communities in Seattle we think you'll love
Property Management Companies in Seattle, WA
Greystar
-
3,181
Communities
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880,965
Units
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826
Cities
46 Communities in Seattle
Bonavista Management
-
40
Communities
-
2,758
Units
-
9
Cities
31 Communities in Seattle
Avenue5 Residential
-
517
Communities
-
114,388
Units
-
197
Cities
30 Communities in Seattle
Pacific Crest Real Estate, LLC
-
28
Communities
-
2,205
Units
-
8
Cities
19 Communities in Seattle
Thrive Communities
-
47
Communities
-
8,195
Units
-
21
Cities
18 Communities in Seattle
Cornell & Associates, Inc.
-
20
Communities
-
748
Units
-
3
Cities
17 Communities in Seattle
InCity Properties
-
16
Communities
-
781
Units
-
1
City
16 Communities in Seattle
Redside Partners
-
20
Communities
-
1,410
Units
-
5
Cities
15 Communities in Seattle
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.