Median rents, rental comps, and market trends across 20 zip codes in Seattle, WA.
Tech money drives high rents and Washington keeps adding tenant protections to balance it out. No state income tax keeps investors interested. The rain keeps everyone complaining but not actually leaving.
Median Asking Rent
$1,897
Rent Change (YoY)
-17.5%
Avg Days on Market
68
Active Rental Listings
3,928
Median List Price
$779,500
Average across 20 zip codes
ZIP | Median Rent |
|---|---|
| 98106 | $2,399/mo |
| 98108 | $2,345/mo |
| 98117 | $2,300/mo |
| 98199 | $2,295/mo |
| 98101 | $2,250/mo |
| 98112 | $2,195/mo |
| 98107 | $2,087/mo |
| 98115 | $1,985/mo |
| 98126 | $1,900/mo |
| 98103 | $1,895/mo |
| 98109 | $1,895/mo |
| 98118 | $1,895/mo |
| 98119 | $1,895/mo |
| 98116 | $1,869/mo |
| 98102 | $1,850/mo |
| 98133 | $1,841/mo |
| 98105 | $1,695/mo |
| 98122 | $1,695/mo |
| 98144 | $1,695/mo |
| 98125 | $1,625/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $1,397/mo |
| 1 Bedroom | $1,733/mo |
| 2 Bedroom | $2,523/mo |
| 3 Bedroom | $3,798/mo |
| 4 Bedroom | $4,700/mo |
Aggregated median across all Seattle zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 98112 | $1,395,000 |
| 98199 | $1,145,000 |
| 98105 | $1,045,000 |
| 98115 | $988,889 |
| 98103 | $899,950 |
| 98117 | $899,950 |
| 98116 | $899,000 |
| 98102 | $869,990 |
| 98107 | $825,000 |
| 98122 | $789,000 |
| 98144 | $770,000 |
| 98125 | $750,000 |
| 98126 | $749,000 |
| 98118 | $725,000 |
| 98133 | $710,000 |
| 98119 | $699,950 |
| 98106 | $699,900 |
| 98109 | $675,000 |
| 98101 | $639,000 |
| 98108 | $599,950 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $2,880/mo |
| 1 Bedroom | $2,980/mo |
| 2 Bedroom | $3,470/mo |
| 3 Bedroom | $4,540/mo |
| 4 Bedroom | $5,340/mo |
Fair Market Rents are published annually by HUD for the Seattle metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Seattle, WA is currently $1,897/month, based on active rental listings across 20 zip codes. Median asking rents have decreased by -17.5% over the past 12 months.
Asking rents vary significantly across the city. ZIP 98106 has the highest median asking rent at $2,399/month, while ZIP 98125 comes in at $1,625/month.
Rental listings in the area spend an average of 68 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the Seattle metro area is $3,470/month. Current median asking rents are near or below the FMR for this area.
Seattle's rental market runs on tech — Amazon, Microsoft, and a deep startup ecosystem create well-paying renters who can afford high rents. No state income tax is a nice bonus for both tenants and landlords. Capitol Hill, Ballard, and Fremont are premium neighborhoods. South Seattle, Rainier Valley, and the suburbs offer more moderate pricing. Washington state has been adding tenant protections over the past few years, so landlords need to stay current on notice requirements and eviction rules. The other thing about Seattle is that the market softened when remote work took off — some tech workers left for cheaper cities. It's recovered, but it showed that the market isn't as bulletproof as it seemed pre-2020.
Want to look up rental comps and rent estimates for a specific property in Seattle? PropMetrics lets you search any address and get detailed rental data instantly.
Get rent estimates, comparable rentals, and market data for any property in Seattle, WA. Free to start.
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Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
A step-by-step guide to pricing your rental so it rents quickly without leaving money on the table.