How many apartments are available in 98116 on Rentable.co?

Rentable.co has 63 apartments available for rent in 98116.

What is the average rent for an apartment in 98116?

The average rent for an apartment in 98116 is around $1,800 per month.

What is the average rent for a one-bedroom apartment in 98116?

The average rent for a one-bedroom apartment in 98116 is around $1,795 per month.

What is the average rent for a two-bedroom apartment in 98116?

The average rent for a two-bedroom apartment in 98116 is around $2,822 per month.

What is the average rent for a studio apartment in 98116?

The average rent for a studio apartment in 98116 is around $1,481 per month.

Apartments in 98116

Seattle:
November Rent Report

Welcome to the November 2024 Seattle Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Seattle rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Seattle and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Seattle average rent prices in the chart below.

Monthly Rent Report

$2,650

$1,990

$1,330

$660

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

1 BR 2 BR

Seattle Rent Prices Decrease From October to November

Seattle rent prices decreased over the last month. From October to November, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Seattle one-bedroom apartments currently stands at $1,922.0.

When we take a look at the two-bedroom comparison from October to November, Seattle experienced a 0.0% decrease for the price of a two-bedroom apartment. The rent price for a Seattle two-bedroom apartments currently stands at $2,550.0.

November Prices: Seattle vs. Surrounding Areas

Redmond, WA

Bellevue, WA

Kirkland, WA

Seattle, WA

Lynnwood, WA

Renton, WA

Everett, WA

Kent, WA

$2,407

$2,218

$2,214

$1,922

$1,865

$1,841

$1,714

$1,607

$800

$1,600

$2,400

$3,200

Median 1 BR Rent

Rent Prices in Seattle and Surrounding Areas

Rent prices have decreased in Seattle over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Seattle suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Everett, WA, Kent, WA, Renton, WA, Kirkland, WA .
Rent decreased in Bellevue, WA, Redmond, WA, Lynnwood, WA.
3 suburbs are currently priced higher than the city of Seattle.
4 suburbs are currently priced lower than the city of Seattle.

November 2024 Pricing Trends: Seattle vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Seattle, WA

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,211

$3,115

$2,373

$2,354

$1,922

$1,903

$1,338

$1,246

$1,202

$1,400

$2,800

$4,200

$5,600

Median Rent

Seattle Rent Prices More Affordable Than Major Cities

Rent growth in Seattle over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Seattle average rent prices appear to be relatively affordable for local residents.

The price for a Seattle one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Seattle and surrounding area rent prices, take a look at the complete data set below.

Data set for Seattle and suburbs

	1 BR November	1 BR M/M % Change	2 BR November	2 BR M/M % Change
Seattle, WA	$1,922.0	1.11%	$2,550.0	1.27%
Bellevue, WA	$2,218.0	-0.27%	$3,124.0	0.45%
Redmond, WA	$2,407.0	-1.47%	$2,932.0	-1.25%
Everett, WA	$1,714.0	0.65%	$1,939.0	0.26%
Kent, WA	$1,607.0	0.44%	$2,005.0	-0.10%
Renton, WA	$1,841.0	0.38%	$2,175.0	-0.09%
Lynnwood, WA	$1,865.0	0.00%	$2,268.0	2.25%
Kirkland, WA	$2,214.0	0.41%	$2,634.0	0.19%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.