Average Rent in Ballard, Seattle, WA

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Current Versus Historical Ballard, Seattle, WA Rents

Ballard rentals average $1,703 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $2,366, 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 $292 (24.24%) year-over-year from $1,203 to $1,495. 1-bedroom rentals prices have increased by $377 (23.38%) year-over-year from $1,613 to $1,991. 2-bedroom rentals prices have increased by $659 (27.30%) year-over-year from $2,413 to $3,071. 3-bedroom rentals prices have increased by $759 (23.44%) year-over-year from $3,237 to $3,995. 4-bedroom rentals prices have decreased by $818 (-17.74%) year-over-year from $4,613 to $3,795. 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 up by 16.01% this month. 1-bedroom rents have gone up by 8.25% this month. 2-bedroom rents have gone up by 10.49% this month. 3-bedroom rents have gone up by 4.01% this month. 4-bedroom rents have gone up by 4.09% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.44	$1,495	$1,203 (24.24%)	$1,255 (19.14%)
1 BR	$3.07	$1,991	$1,613 (23.38%)	$1,615 (23.25%)
2 BR	$2.93	$3,071	$2,413 (27.30%)	$2,089 (47.00%)
3 BR	N/A	$3,995	$3,237 (23.44%)	$3,207 (24.58%)

Historical Rents in Ballard, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Ballard

There are a total of 3 cities nearby Ballard. The average rent in Ballard is currently $2,621 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 Ballard, Seattle, WA is Bellevue, WA. Monthly rents here are on average $3,200 per month.

Let's compare Ballard, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Ballard, Seattle, WA is 3.17% more affordable than other cities nearby. One bedrooms are about 2.29% more affordable. Two bedrooms in Ballard, Seattle, WA are about 6.31% more expensive. Finally, rent for three bedrooms are about 2.01% more expensive. Want more information? Check out the top 3 cities near Ballard, 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	$2,163	$3,194	$2,621
Bellevue, WA	N/A	$2,300	$2,962	$3,200

Top Neighborhoods Near Ballard

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

The average rent for these 2 neighborhoods in or near Ballard, Seattle, WA is currently around $2,153 per month. A total of 2 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Ballard, Downtown Redmond has the most affordable average rent at $2,071 per month. Whereas, at $2,234 average rent per month, Belltown is the most expensive neighborhood in or near Ballard. 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	$2,236	$3,190	$2,234

Top Counties Near Ballard

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

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Ballard

There are a total of 2 zipcodes in or near Ballard, Seattle, WA. The average rent for all of these zipcodes is $2,343.

The following chart includes the top 2 zipcodes in Ballard, Seattle, WA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
98121, Seattle, WA	$1,480	$2,399	$3,170	$2,395
98052, Redmond, WA	$1,757	$2,071	$2,878	$2,291

Frequently Asked Questions - Ballard Average Rents

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

The average monthly rental price for Ballard, Seattle, WA apartments for rent is approximately $2,366. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Ballard, 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 Ballard, Seattle, WA.

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

The average monthly rental price for studio apartments is $1,703 and an average price per square feet of $3.44. There are a total of 3 studio apartment listings currently available for rent in Ballard.

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

The average monthly rental price for one bedroom apartments is $2,115 and an average price per square feet of $3.07. There are a total of 16 one bedroom apartment listings currently available for rent in Ballard.

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

The average monthly rental price for two bedroom apartments is $3,162 and an average price per square feet of $2.93. There are a total of 10 two bedroom apartment listings currently available for rent in Ballard.

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

Rent prices for rentals in Ballard, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.24%, one bedroom rental prices have changed by 0.23%, two bedroom rental prices have changed by 0.27%, and three bedroom rental prices have changed by 0.23% year-over-year.

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

A reasonable rent price in Ballard, Seattle, WA is around $1,893/month. You can search for these reasonably priced rental listings on RentHop.