98516 rental market

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Last updated August 11, 2025

Rental market summary

The average rent for 1 bedroom properties in 98516 is $1,823.

Average rent

$1,823

Month-over-month change

+$3

Year-over-year change

+$97

Available rentals

15

Source: Zillow Rentals data

Rental price range

The price range for 1 bedroom properties is $1,295 to $5,966.

Rent frequencies
Rent priceNumber of rental properties
$1,2002
$1,7004
$1,8005
$1,9003
$2,200+1

Average rent price over time

In the last year, rent has increased by $97 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,668$1,602
Feb$1,747$1,680
Mar$1,793$1,706
Apr$1,785$1,716
May$1,771$1,727
Jun$1,735$1,804
Jul$1,706$1,810
Aug$1,699$1,811
Sep$1,725No data
Oct$1,665No data
Nov$1,696No data
Dec$1,650No data

Market temperature

The 98516 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 98516 is 15% higher than the national average.

98516vs.

$1,823

$1,592

Rent in 98516

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Frequently asked questions

1. What is the average rent in 98516?

The average rent in 98516 is $2,531.

2. How much does it cost to rent a house in 98516?

Houses in 98516 rent between $950 - $5,966 with an average rent of $2,531.

3. How has the rent in 98516 changed in the last year?

In the last year, the rent in 98516 increased by $6

4. How much has the rent in 98516 increased/decreased in the last month?

In the last month, the rent in 98516 decreased by $69

5. How many available rentals are there in 98516?

There are currently 53 rentals available in 98516.

6. How do rent prices in 98516 compare with the national average?

The average rent in 98516 is $2,531 — Infinity% higher the national average of $0.

Nearby areas