Average Rent in 98121, Seattle, WA

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Current Versus Historical 98121, Seattle, WA Rents

98121 rentals average $1,480 for a studio rental to $4,569 for a 3-bedroom rental. The median price of all currently available listings is $2,393, or roughly $3 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $127 (10.49%) year-over-year from $1,207 to $1,334. 1-bedroom rentals prices have increased by $285 (12.87%) year-over-year from $2,215 to $2,500. 2-bedroom rentals prices have decreased by $69 (-2.05%) year-over-year from $3,356 to $3,287. 3-bedroom rentals prices have decreased by $973 (-17.57%) year-over-year from $5,537 to $4,564. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $2,595 to $2,595. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 14.45% this month. 1-bedroom rents have gone down by 7.33% this month. 2-bedroom rents have gone down by 3.29% this month. 3-bedroom rents have gone down by 6.15% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.12	$1,334	$1,207 (10.49%)	$1,731 (-22.93%)
1 BR	$2.77	$2,500	$2,215 (12.87%)	$1,938 (28.98%)
2 BR	$3.07	$3,287	$3,356 (-2.05%)	$3,018 (8.91%)
3 BR	$3.43	$4,564	$5,537 (-17.57%)	$5,854 (-22.03%)

Historical Rents in 98121, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 98121

There are a total of 3 cities nearby 98121. The average rent in 98121 is currently $2,620 per month. Only one city nearby has an average rent lower than that. Our records show that Redmond, WA, with an average rent of $2,291, is the most affordable city nearby. In contrast, the most expensive city near 98121, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,200 per month.

Let's compare 98121, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 98121, Seattle, WA is 18.72% more affordable than other cities nearby. One bedrooms are about 10.30% more expensive. Two bedrooms in 98121, Seattle, WA are about 6.56% more expensive. Finally, rent for three bedrooms are about 20.11% more expensive. Want more information? Check out the top 3 cities near 98121, Seattle, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Redmond, WA	$1,757	$2,071	$2,878	$2,291
Seattle, WA	$1,776	$2,150	$3,197	$2,620
Bellevue, WA	N/A	$2,300	$2,962	$3,200

Top Neighborhoods Near 98121

There are a total of 2 neighborhoods in or near 98121. We've included all of these top 2 neighborhoods in or near 98121, Seattle, WA in the following chart.

The average rent for these 2 neighborhoods in or near 98121, Seattle, WA is currently around $2,074 per month. A total of 2 neighborhoods have a lower average rent. Out of all the neighborhoods in or near 98121, Downtown Redmond has the most affordable average rent at $2,071 per month. Whereas, at $2,077 average rent per month, Belltown is the most expensive neighborhood in or near 98121. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Downtown Redmond, Redmond, WA	$1,744	$2,071	$2,884	$2,071
Belltown, Seattle, WA	$1,480	$2,077	$3,190	$2,077

Top Counties Near 98121

There are a total of 2 counties located by 98121, Seattle, WA.

We've listed the top 0 counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near 98121

There is one zipcode in or near 98121, Seattle, WA. The average rent for this zipcode is $2,291.

The following chart includes the zipcode in or near 98121, Seattle, WA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
98052, Redmond, WA	$1,757	$2,071	$2,878	$2,291

Frequently Asked Questions - 98121 Average Rents

What is the average rent price in 98121, Seattle, WA?

The average monthly rental price for 98121, Seattle, WA apartments for rent is approximately $2,393. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 98121, Seattle, WA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 98121, Seattle, WA.

How much is a studio apartment in 98121, Seattle, WA?

The average monthly rental price for studio apartments is $1,480 and an average price per square feet of $3.12. There are a total of 13 studio apartment listings currently available for rent in 98121.

How much is a one bedroom apartment in 98121, Seattle, WA?

The average monthly rental price for one bedroom apartments is $2,397 and an average price per square feet of $2.77. There are a total of 23 one bedroom apartment listings currently available for rent in 98121.

How much is a two bedroom apartment in 98121, Seattle, WA?

The average monthly rental price for two bedroom apartments is $3,170 and an average price per square feet of $3.07. There are a total of 14 two bedroom apartment listings currently available for rent in 98121.

How have rent prices in 98121, Seattle, WA changed this year?

Rent prices for rentals in 98121, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by -0.18% year-over-year.

What is a reasonable rent price in 98121, Seattle, WA?

A reasonable rent price in 98121, Seattle, WA is around $1,914/month. You can search for these reasonably priced rental listings on RentHop.