Knox
16200 Admiralty Way,
Lynnwood, WA 98087
Studio - 2 Beds | $1,775 - $2,869
Rental Market Trends in Lynnwood, WA
What is the average rent in Lynnwood, WA?
$1,781/month
Average Rent
694 Sq Ft
Average Apartment Size
+1.7%
Increase in the Last Year
As of December 2024, the average rent in Lynnwood, WA is $1,781 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Lynnwood rent prices are 14% higher than the national average. When you rent an apartment in Lynnwood, you can expect to pay about $1,783 per month for a studio, $1,781 for a one-bedroom apartment, and around $2,123 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,769 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 Lynnwood, WA?
In the past year, rent has increased by 1.7%, which averages out to $30 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 Lynnwood, WA
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
8%
$700 - $1,000/month
22%
$1,001 - $1,500/month
34%
$1,501 - $2,000/month
34%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lynnwood?
Based on current rent prices, Downtown Lynnwood, Martha Lake and Picnic Point-North Lynnwood are the most affordable neighborhoods in Lynnwood.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lynnwood?
Based on current rent prices, Alderwood Manor, Picnic Point-North Lynnwood and Martha Lake are the most expensive neighborhoods in Lynnwood.
Neighborhood
Average Rent
Average Sq Ft
Which Lynnwood neighborhoods have the most rentals available?
The neighborhoods in Lynnwood with the most apartments available are Alderwood Manor, Martha Lake and Picnic Point-North Lynnwood .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lynnwood, WA?
Because the average rent in Lynnwood is $1,781, you’ll want to make about $5,936 per month or $71,232 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 Lynnwood, WA compare to other nearby cities and neighborhoods?
Use the tool below to compare Lynnwood, 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
-
$1,195/month
One Bedroom
$736/month
$1,611/month
Two Bedroom
$934/month
$1,981/month
Three Bedroom
-
$2,054/month
Nearby City Rent Trends
Apartment communities in Lynnwood we think you'll love
Property Management Companies in Lynnwood, WA
Epic Asset Management
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27
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4,268
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Avenue5 Residential
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518
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113,804
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Coast Property Management
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52
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Devco Residential Group
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39
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Greystar
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3,191
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884,840
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829
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2 Communities in Lynnwood
AvalonBay
-
185
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65,758
Units
-
124
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Horizon Realty Advisors
-
41
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-
9,638
Units
-
28
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2 Communities in Lynnwood
Olympic Management Company
-
66
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-
5,076
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24
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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.