98516 rental market
Last updated August 20, 2025
Rental market summary
The average rent for all bedrooms and all property types in 98516 is $2,850.
$2,850
-$50
-$120
11
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $950 to $4,000.
| Rent price | Number of rental properties |
|---|---|
| $900 | 1 |
| $2,600 | 2 |
| $2,700 | 2 |
| $2,800 | 3 |
| $2,900 | 3 |
| $3,000 | 3 |
| $3,100 | 1 |
| $3,900 | 1 |
| $4,000+ | 1 |
Average rent price over time
In the last year, rent has decreased by $120 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $2,700 | $2,900 |
| Feb | $2,800 | $2,765 |
| Mar | $2,975 | $2,845 |
| Apr | $2,925 | $3,095 |
| May | $2,900 | $3,000 |
| Jun | $2,923 | $2,895 |
| Jul | $2,730 | $2,895 |
| Aug | $2,900 | $2,970 |
| Sep | $2,995 | No data |
| Oct | $2,875 | No data |
| Nov | $2,795 | No data |
| Dec | $2,945 | No 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.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in 98516 is 6% higher than the national average.
$2,850
$2,700
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Frequently asked questions
1. What is the average rent in 98516?
The average rent in 98516 is $2,600.
2. How much does it cost to rent a house in 98516?
Houses in 98516 rent between $950 - $6,457 with an average rent of $2,600.
3. How has the rent in 98516 changed in the last year?
In the last year, the rent in 98516 increased by $100
4. How much has the rent in 98516 increased/decreased in the last month?
In the last month, the rent in 98516 decreased by $95
5. How many available rentals are there in 98516?
There are currently 60 rentals available in 98516.
6. How do rent prices in 98516 compare with the national average?
The average rent in 98516 is $2,600 — Infinity% higher the national average of $0.