98040 rental market
What is the average rent in 98040?
Last updated April 24, 2026
Rental market summary
The average rent for all bedrooms and all property types in 98040 is $2,897.
Average rent
$2,897
Month-over-month change
-$216
Year-over-year change
-$269
Available rentals
35
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,560 to $15,950.
| Rent price | Number of rental properties |
|---|---|
| $1,500 | 1 |
| $2,000 | 1 |
| $2,100 | 2 |
| $2,200 | 3 |
| $2,300 | 3 |
| $2,400 | 2 |
| $2,500 | 1 |
| $2,600 | 3 |
| $2,700 | 2 |
| $2,800 | 3 |
| $2,900 | 2 |
| $3,000 | 1 |
| $3,100 | 2 |
| $3,200 | 3 |
| $3,300 | 2 |
| $3,500 | 1 |
| $4,700 | 1 |
| $5,000+ | 8 |
Average rent price over time
In the last year, rent has decreased by $269 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $3,500 | $3,650 |
| Feb | $2,795 | $3,100 |
| Mar | $2,800 | $3,134 |
| Apr | $3,000 | $2,995 |
| May | $3,295 | No data |
| Jun | $2,985 | No data |
| Jul | $3,995 | No data |
| Aug | $3,600 | No data |
| Sep | $4,250 | No data |
| Oct | $4,450 | No data |
| Nov | $3,650 | No data |
| Dec | $4,850 | No data |
Market temperature
The 98040 rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in 98040 is 45% higher than the national average.
$2,897
$2,000
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Frequently asked questions
1. What is the average rent in 98040?
2. What is the average rent for a studio apartment in 98040?
3. What is the average rent for a one-bedroom apartment in 98040?
4. What is the average rent for a two-bedroom apartment in 98040?
5. What is the average rent for a three-bedroom apartment in 98040?
6. What is the average rent for a four-bedroom apartment in 98040?
7. How much does it cost to rent a house in 98040?
8. How has the rent in 98040 changed in the last year?
9. How much has the rent in 98040 increased/decreased in the last month?
10. How many available rentals are there in 98040?
11. How do rent prices in 98040 compare with the national average?
