Regency Woods
1650 Eagle Ridge Dr S,
Renton, WA 98055
1-3 Beds | $1,726 - $2,670
Rental Market Trends in Renton, WA
What is the average rent in Renton, WA?
$1,811/month
Average Rent
697 Sq Ft
Average Apartment Size
+1.6%
Increase in the Last Year
As of December 2024, the average rent in Renton, WA is $1,811 per month. This is 16% higher than the national average rent price of $1,560/month, making Renton one of the most expensive cities in the US. When you rent an apartment in Renton, you can expect to pay about $1,554 per month for a studio, $1,811 for a one-bedroom apartment, and around $2,172 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,635 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 Renton, WA?
In the past year, rent has increased by 1.6%, which averages out to $29 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 Renton, WA
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
9%
$700 - $1,000/month
15%
$1,001 - $1,500/month
30%
$1,501 - $2,000/month
41%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Renton?
Based on current rent prices, East Renton Highlands, Falcon Ridge and North Renton are the most affordable neighborhoods in Renton.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Renton?
Based on current rent prices, Earlington Hill, Leisure Estates and Kennydale are the most expensive neighborhoods in Renton.
Neighborhood
Average Rent
Average Sq Ft
Which Renton neighborhoods have the most rentals available?
The neighborhoods in Renton with the most apartments available are Cascade, South Lake Washington and Renton Hill .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Renton, WA?
Because the average rent in Renton is $1,811, you’ll want to make about $6,036 per month or $72,432 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 Renton, WA compare to other nearby cities and neighborhoods?
Use the tool below to compare Renton, 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
-
$433/month
One Bedroom
-
$1,483/month
Two Bedroom
-
$2,034/month
Three Bedroom
-
$2,354/month
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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.