Serrano Apartments
121-221 E Wedgewood,
Spokane, WA 99208
Studio - 3 Beds | $755 - $1,400
$1,132/month
Average Rent
640 Sq Ft
Average Apartment Size
0%
Decrease in the Last Year
As of April 2025, the average rent in Spokane, WA is $1,132 per month. This is 28% lower than the national average rent of $1,576/month, making renting in Spokane more affordable than most cities in the US. When you rent an apartment in Spokane, you can expect to pay about $1,055 per month for a studio, $1,132 for a one-bedroom apartment, and around $1,377 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,805 or more.
In the past year, rent has decreased by 0%, which averages out to $0 less per month.
Based on current rent prices, Lincoln Heights, Nevada Lidgerwood and Bemiss are the most affordable neighborhoods in Spokane.
Based on current rent prices, U-District, Chief Garry Park and City Center Spokane are the most expensive neighborhoods in Spokane.
The neighborhoods in Spokane with the most apartments available are Downtown Spokane, North Spokane and Chief Garry Park .
Because the average rent in Spokane is $1,132, you’ll want to make about $3,773 per month or $45,276 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.
The cost of living in Spokane, WA is 0.4% higher than the national average. Generally, housing in Spokane is 11.4% less expensive than the national average, with rent falling between $1,055 - $1,805. You can expect to pay 10.9% more for groceries, 3.2% less for utilities, and 22.7% more for transportation.
Use the tool below to compare Spokane, 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.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.