Spokane Rental Market Data & Rent Estimates

Median rents, rental comps, and market trends across 10 zip codes in Spokane, WA.

Remote workers from Seattle and Portland discovered Spokane during COVID and forgot to leave. Still meaningfully cheaper than both, with real rental demand behind the growth — not just pandemic noise.

Median Asking Rent

$1,423

Rent Change (YoY)

-7.1%

Avg Days on Market

Active Rental Listings

982

Median List Price

$395,000

Median Asking Rent Over Time

Average across 10 zip codes

12 months-9.8%

Median Asking Rent by ZIP Code

Rental Listings by ZIP Code

ZIP	Median Rent	YoY Growth	$/Sqft	Avg DOM	Listings
99203	$2,095/mo	-4.8%	$1.33	23	48
99208	$1,690/mo	-10.8%	$1.35	56	95
99206	$1,595/mo	-11.4%	$1.44	69	117
99223	$1,549/mo	-18.3%	$1.46	53	82
99202	$1,450/mo	+9.4%	$1.43	60	83
99205	$1,450/mo	-14.7%	$1.58	26	153
99212	$1,400/mo	+0.4%	$1.48	38	52
99207	$1,309/mo	-12.7%	$1.47	50	100
99204	$1,100/mo	+0.5%	$1.56	66	115
99201	$1,095/mo	-8.8%	$1.58	75	137

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Median Asking Rent by Bedroom

Unit Size	Median Rent	$/Sqft
Studio	$898/mo	$2.02/sqft
1 Bedroom	$1,073/mo	$1.73/sqft
2 Bedroom	$1,275/mo	$1.49/sqft
3 Bedroom	$1,923/mo	$1.30/sqft
4 Bedroom	$2,198/mo	$1.11/sqft

Aggregated median across all Spokane zip codes with available data.

For-Sale Listings by ZIP Code

ZIP	Median List Price	YoY Change	$/Sqft
99223	$549,000	+1.7%	$214.12
99203	$499,999	-9.1%	$231.07
99208	$479,950	+1.0%	$214.06
99206	$444,995	-3.3%	$216.62
99212	$415,000	-2.4%	$219.62
99201	$375,000	-1.2%	$220.59
99205	$338,500	-2.2%	$192.83
99202	$325,000	-5.8%	$217.75
99204	$319,000	-31.5%	$214.11
99207	$299,900	-2.9%	$187.50

HUD Fair Market Rents

Unit Size	Fair Market Rent	Median Asking Rent	Difference
Studio	$970/mo	$898/mo	-7%
1 Bedroom	$1,040/mo	$1,073/mo	+3%
2 Bedroom	$1,340/mo	$1,275/mo	-5%
3 Bedroom	$1,830/mo	$1,923/mo	+5%
4 Bedroom	$2,190/mo	$2,198/mo	+0%

Fair Market Rents are published annually by HUD for the Spokane metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.

About the Spokane Rental Market

The median asking rent across Spokane, WA is currently $1,423/month, based on active rental listings across 10 zip codes. Median asking rents have decreased by -7.1% over the past 12 months.

Asking rents vary significantly across the city. ZIP 99203 has the highest median asking rent at $2,095/month, while ZIP 99201 comes in at $1,095/month.

Rental listings in the area spend an average of 51 days on market before being leased, suggesting a more tenant-friendly market.

The HUD Fair Market Rent for a 2-bedroom in the Spokane metro area is $1,340/month. Current median asking rents are above the FMR, which is common in growing markets.

Spokane got discovered during the remote work wave. People from Seattle and Portland realized they could live here for a fraction of the cost, and rents went up accordingly. It's still more affordable than the west side of the state, but the gap has narrowed. South Hill and the area around Gonzaga are premium. North Spokane and the west side are more affordable. Washington state's tenant protection laws apply here same as Seattle, so know the rules. The economy runs on healthcare (Providence, MultiCare), education, and increasingly, remote workers. It's a smaller market with less liquidity than a major metro, which means pricing accurately matters even more — there are fewer renters looking at any given time.

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