98116 rental market

What is the average rent in 98116?

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Last updated March 17, 2026

Rental market summary

The average rent for all bedrooms and all property types in 98116 is $2,095.

Average rent

$2,095

Month-over-month change

-$75

Year-over-year change

-$111

Available rentals

96

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $975 to $6,200.

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Rent frequencies
Rent priceNumber of rental properties
$9001
$1,0001
$1,3009
$1,4005
$1,5006
$1,60010
$1,7003
$1,8006
$1,9006
$2,0005
$2,10010
$2,2003
$2,3005
$2,4005
$2,5001
$2,6001
$2,7003
$2,8001
$2,9002
$3,0002
$3,1001
$3,2002
$3,3001
$3,4002
$3,5001
$3,6001
$3,7001
$3,8001
$3,9001
$4,0001
$4,9003
$5,000+9

Average rent price over time

In the last year, rent has decreased by $111 compared to the previous year.

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Average rent price over time
Last year (2025)This year (2026)
Jan$2,050$2,177
Feb$2,195$2,250
Mar$2,292$2,078
Apr$2,100No data
May$2,012No data
Jun$2,201No data
Jul$2,241No data
Aug$2,485No data
Sep$2,189No data
Oct$2,340No data
Nov$2,404No data
Dec$2,317No data

Market temperature

The 98116 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.

warm

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 98116 is 5% higher than the national average.

98116vs.

$2,095

$2,000

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Frequently asked questions

1. What is the average rent in 98116?

The average rent in 98116 is $2,095.

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

The average rent for a studio apartment in 98116 is $1,550 per month.

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

The average rent for a one-bedroom apartment in 98116 is $1,895 per month.

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

The average rent for a two-bedroom apartment in 98116 is $2,753 per month.

5. What is the average rent for a three-bedroom apartment in 98116?

The average rent for a three-bedroom apartment in 98116 is $5,000 per month.

6. What is the average rent for a four-bedroom apartment in 98116?

The average rent for a four-bedroom apartment in 98116 is $5,900 per month.

7. How much does it cost to rent a house in 98116?

Houses in 98116 rent between $975 - $6,200 with an average rent of $2,095.

8. How has the rent in 98116 changed in the last year?

In the last year, the rent in 98116 decreased by $111

9. How much has the rent in 98116 increased/decreased in the last month?

In the last month, the rent in 98116 decreased by $75

10. How many available rentals are there in 98116?

There are currently 96 rentals available in 98116.

11. How do rent prices in 98116 compare with the national average?

The average rent in 98116 is $2,095 — 4.75% higher the national average of $2,000.