98116 rental market
Last updated August 11, 2025
Rental market summary
The average rent for 2 bedroom properties in 98116 is $2,992.
$2,992
-$158
-$34
29
Source: Zillow Rentals data
Rental price range
The price range for 2 bedroom properties is $1,795 to $6,186.
| Rent price | Number of rental properties |
|---|---|
| $1,700 | 1 |
| $2,000 | 1 |
| $2,100 | 3 |
| $2,200 | 3 |
| $2,300 | 3 |
| $2,400 | 1 |
| $2,600 | 1 |
| $2,700 | 3 |
| $2,800 | 2 |
| $2,900 | 2 |
| $3,000 | 2 |
| $3,300 | 3 |
| $3,500 | 3 |
| $3,700 | 1 |
| $3,800 | 1 |
| $4,300 | 2 |
| $4,700 | 1 |
| $4,800 | 1 |
| $4,900+ | 1 |
Average rent price over time
In the last year, rent has decreased by $34 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $2,513 | $2,886 |
| Feb | $2,758 | $2,650 |
| Mar | $2,600 | $2,650 |
| Apr | $2,600 | $2,925 |
| May | $2,541 | $2,675 |
| Jun | $2,595 | $2,895 |
| Jul | $3,215 | $3,150 |
| Aug | $3,290 | $2,975 |
| Sep | $2,995 | No data |
| Oct | $2,695 | No data |
| Nov | $2,856 | No data |
| Dec | $2,787 | No data |
Market temperature
The 98116 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.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in 98116 is 58% higher than the national average.
$2,992
$1,895
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Frequently asked questions
1. What is the average rent in 98116?
The average rent in 98116 is $2,300.
2. How much does it cost to rent a house in 98116?
Houses in 98116 rent between $995 - $6,250 with an average rent of $2,300.
3. How has the rent in 98116 changed in the last year?
In the last year, the rent in 98116 increased by $4
4. How much has the rent in 98116 increased/decreased in the last month?
In the last month, the rent in 98116 decreased by $174
5. How many available rentals are there in 98116?
There are currently 88 rentals available in 98116.
6. How do rent prices in 98116 compare with the national average?
The average rent in 98116 is $2,300 — Infinity% higher the national average of $0.