97123 rental market

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Last updated August 11, 2025

Rental market summary

The average rent for 2 bedroom properties in 97123 is $1,795.

Average rent

$1,795

Month-over-month change

+$100

Year-over-year change

-$130

Available rentals

20

Source: Zillow Rentals data

Rental price range

The price range for 2 bedroom properties is $1,344 to $2,500.

Rent frequencies
Rent priceNumber of rental properties
$1,5005
$1,6003
$1,7002
$1,8002
$1,9002
$2,0001
$2,1002
$2,2002
$2,3001
$2,4001
$2,500+1

Average rent price over time

In the last year, rent has decreased by $130 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,655$1,674
Feb$1,750$1,750
Mar$1,782$1,745
Apr$1,725$1,695
May$1,550$1,700
Jun$1,795$1,850
Jul$2,100$1,695
Aug$1,823$1,795
Sep$1,884No data
Oct$1,783No data
Nov$1,650No data
Dec$1,595No data

Market temperature

The 97123 rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

cool

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 97123 is 5% lower than the national average.

97123vs.

$1,795

$1,895

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Frequently asked questions

1. What is the average rent in 97123?

The average rent in 97123 is $2,500.

2. How much does it cost to rent a house in 97123?

Houses in 97123 rent between $800 - $8,500 with an average rent of $2,500.

3. How has the rent in 97123 changed in the last year?

In the last year, the rent in 97123 increased by $105

4. How much has the rent in 97123 increased/decreased in the last month?

In the last month, the rent in 97123 increased by $5

5. How many available rentals are there in 97123?

There are currently 85 rentals available in 97123.

6. How do rent prices in 97123 compare with the national average?

The average rent in 97123 is $2,500 — Infinity% higher the national average of $0.