Puget Sound Rent Snapshot

Neighborhood	Typical asking rent (market; Zillow ZORI)	YoY	Multifamily inventory (rough total in ZIP, Census ACS 5+ unit bldgs)	Market-rate sample (asking rents observed = current vacancies)	Specials seen (market-rate concessions)	Affordable units (rent-restricted; building counts where unit counts unavailable)
Capitol Hill / Pike-Pine	$2,089	+2.3%	30,348multi 5+ units in ZIP~28,414 non-restricted	144rents observed in 28 buildings	—	856City Incentive units (in mixed-income bldgs) 1,078state-tracked affordable units (12 projects)
Rainier Valley — Othello / Columbia City / Rainier Beach	$1,964	+0.6%	10,044multi 5+ units in ZIP~7,139 non-restricted	43rents observed in 21 buildings	4	711City Incentive units (in mixed-income bldgs) 2,194state-tracked affordable units (25 projects)
West Seattle Junction / Alaska Junction	$2,192	+5.2%	4,881multi 5+ units in ZIP~4,267 non-restricted	7rents observed in 4 buildings	2	599City Incentive units (in mixed-income bldgs) 15state-tracked affordable units (1 projects)
North Seattle — Roosevelt / Lake City / Bitter Lake	$1,980	+1.4%	15,265multi 5+ units in ZIP~13,184 non-restricted	95rents observed in 32 buildings	8	1,024City Incentive units (in mixed-income bldgs) 1,057state-tracked affordable units (7 projects)
Northgate / Licton Springs	$1,882	+1.2%	9,399multi 5+ units in ZIP~8,616 non-restricted	6rents observed in 3 buildings	1	380City Incentive units (in mixed-income bldgs) 403state-tracked affordable units (13 projects)
Downtown Bellevue / Wilburton	$2,695	-0.2%	14,855multi 5+ units in ZIP~13,572 non-restricted	12rents observed in 8 buildings	4	1,283state-tracked affordable units (12 projects)
Central Issaquah	$2,584	+1.4%	2,974multi 5+ units in ZIP~2,685 non-restricted	2rents observed in 2 buildings	—	289state-tracked affordable units (6 projects)
Downtown Redmond / Overlake	$2,392	+0.6%	11,022multi 5+ units in ZIP~10,186 non-restricted	2rents observed in 2 buildings	—	836state-tracked affordable units (20 projects)
Downtown Kent / Kent-Des Moines	$1,891	+1.5%	10,256multi 5+ units in ZIP~9,057 non-restricted	12rents observed in 3 buildings	—	1,199state-tracked affordable units (16 projects)
Downtown Federal Way / Transit Center	$1,849	+2.3%	6,985multi 5+ units in ZIP~5,927 non-restricted	13rents observed in 6 buildings	—	1,058state-tracked affordable units (19 projects)

Capitol Hill / Pike-Pine

Studio

$1,395

23 bldgs

1BR

$1,887

25 bldgs

2BR

$2,595

15 bldgs

3BR

—

no obs

Zillow ZORI overall: $2,089/mo · +2.3% YoY 12 months · ZIPs 98102, 98112, 98122 · 2026-03-31

Current asking rents — sample

~30,348 total multifamily units (5+ unit bldgs) in the ZIP set, of which ~28,414 are non-restricted (rough estimate — Census ACS 2022 5-yr).

Bedroom	Buildings observed	Median rent	Range
Studio	23	$1,395	$1,095 – $2,262
1BR	25	$1,887	$1,295 – $3,875
2BR	15	$2,595	$1,895 – $4,774

Asking-rent sample: apartmentlist.com + PM company sites · 28 unique buildings · 144 listings = current vacancies, not total units. Per-bedroom unit counts not published.

No specials observed across 28 buildings sampled

Affordable units

856City Incentive units (MFTE / IZ / MHA in mixed-income bldgs)

1,078State-tracked affordable units across 12 projects · WA Dept of Commerce Capital Housing Database (Housing Trust Fund + LIHTC)

AMI tiers offered, by bedroom

Bedroom	AMI tiers in this neighborhood
Micro	40%, 60%, 65%
Studio	50%, 60%, 65%, 80%
1BR	50%, 60%, 70%, 75%, 80%
2BR	50%, 60%, 75%, 80%, 85%
3BR	90%

Other restricted-rent stock in this neighborhood

7 Housing Authority buildings in this neighborhood (7 SHA)
41 dedicated-affordable buildings (LIHTC / HUD project-based / nonprofit, via aptfinder.org)

Unit counts for Housing Authority and dedicated-affordable buildings aren't published in a unified feed; building counts only.

City Incentive source: City of Seattle Office of Housing (Q2 2025 feed). These buildings are market-rate with affordability incentives; the units shown above are rent-restricted within those buildings.

Rainier Valley — Othello / Columbia City / Rainier Beach

Studio

$1,578

8 bldgs

1BR

$1,700

14 bldgs

2BR

$3,070

12 bldgs

3BR

$3,295

5 bldgs

Zillow ZORI overall: $1,964/mo · +0.6% YoY 12 months · ZIPs 98118, 98144, 98108 · 2026-03-31

Current asking rents — sample

~10,044 total multifamily units (5+ unit bldgs) in the ZIP set, of which ~7,139 are non-restricted (rough estimate — Census ACS 2022 5-yr).

Bedroom	Buildings observed	Median rent	Range
Studio	8	$1,578	$899 – $2,255
1BR	14	$1,700	$1,097 – $3,510
2BR	12	$3,070	$1,050 – $4,200
3BR	5	$3,295	$2,795 – $3,795
4BR	1	$3,525	$3,525 – $3,525

Asking-rent sample: apartmentlist.com + PM company sites · 21 unique buildings · 43 listings = current vacancies, not total units. Per-bedroom unit counts not published.

19%4 of 21 buildings advertising specials

Arlo — Up to 4 Weeks Free + $1200 Look-and-Lease
Sonata at Columbia Station — Rent Savings
Arlo — Rent Savings
NoCo Flats — Rent Savings

Affordable units

711City Incentive units (MFTE / IZ / MHA in mixed-income bldgs)

2,194State-tracked affordable units across 25 projects · WA Dept of Commerce Capital Housing Database (Housing Trust Fund + LIHTC)

AMI tiers offered, by bedroom

Bedroom	AMI tiers in this neighborhood
Micro	40%, 50%
Studio	40%, 50%, 60%, 65%
1BR	50%, 60%, 70%, 75%
2BR	75%, 85%
3BR	90%

Other restricted-rent stock in this neighborhood

28 dedicated-affordable buildings (LIHTC / HUD project-based / nonprofit, via aptfinder.org)

Unit counts for Housing Authority and dedicated-affordable buildings aren't published in a unified feed; building counts only.

City Incentive source: City of Seattle Office of Housing (Q2 2025 feed). These buildings are market-rate with affordability incentives; the units shown above are rent-restricted within those buildings.

West Seattle Junction / Alaska Junction

Studio

$1,550

1 bldgs

1BR

$2,098

3 bldgs

2BR

$2,848

2 bldgs

3BR

—

no obs

Zillow ZORI overall: $2,192/mo · +5.2% YoY 12 months · ZIPs 98116 · 2026-03-31

Current asking rents — sample

~4,881 total multifamily units (5+ unit bldgs) in the ZIP set, of which ~4,267 are non-restricted (rough estimate — Census ACS 2022 5-yr).

Bedroom	Buildings observed	Median rent	Range
Studio	1	$1,550	$1,550 – $1,550
1BR	3	$2,098	$1,725 – $2,195
2BR	2	$2,848	$2,195 – $3,500

Asking-rent sample: apartmentlist.com + PM company sites · 4 unique buildings · 7 listings = current vacancies, not total units. Per-bedroom unit counts not published.

50%2 of 4 buildings advertising specials

Link Apartments — 8 weeks free if move by 5/10
Mural Apartments — $500 Off

Affordable units

599City Incentive units (MFTE / IZ / MHA in mixed-income bldgs)

15State-tracked affordable units across 1 projects · WA Dept of Commerce Capital Housing Database (Housing Trust Fund + LIHTC)

AMI tiers offered, by bedroom

Bedroom	AMI tiers in this neighborhood
Micro	40%, 50%
Studio	40%, 50%, 60%, 65%, 80%
1BR	60%, 70%, 75%, 80%
2BR	75%, 80%, 85%, 90%

City Incentive source: City of Seattle Office of Housing (Q2 2025 feed). These buildings are market-rate with affordability incentives; the units shown above are rent-restricted within those buildings.

North Seattle — Roosevelt / Lake City / Bitter Lake

Studio

$1,595

17 bldgs

1BR

$1,685

25 bldgs

2BR

$2,335

16 bldgs

3BR

$3,495

5 bldgs

Zillow ZORI overall: $1,980/mo · +1.4% YoY 12 months · ZIPs 98115, 98125, 98133 · 2026-03-31

Current asking rents — sample

~15,265 total multifamily units (5+ unit bldgs) in the ZIP set, of which ~13,184 are non-restricted (rough estimate — Census ACS 2022 5-yr).

Bedroom	Buildings observed	Median rent	Range
Studio	17	$1,595	$895 – $2,335
1BR	25	$1,685	$1,293 – $3,002
2BR	16	$2,335	$1,495 – $4,018
3BR	5	$3,495	$2,672 – $3,995
4BR	1	$4,500	$4,500 – $4,500
5BR	1	$6,445	$6,445 – $6,445

Asking-rent sample: apartmentlist.com + PM company sites · 32 unique buildings · 95 listings = current vacancies, not total units. Per-bedroom unit counts not published.

25%8 of 32 buildings advertising specials

Roosevelt Station Apartments — Up to 8 weeks free
Eleanor — Rent Savings (amount unspecified)
Centerline — Rent Savings
Iron Flats — Rent Savings
Corner 63 — Rent Savings
Fireside Flats — Rent Savings
Vida — Rent Savings
Rooster — Rent Savings

Affordable units

1,024City Incentive units (MFTE / IZ / MHA in mixed-income bldgs)

1,057State-tracked affordable units across 7 projects · WA Dept of Commerce Capital Housing Database (Housing Trust Fund + LIHTC)

AMI tiers offered, by bedroom

Bedroom	AMI tiers in this neighborhood
Micro	40%, 50%, 60%, 65%
Studio	40%, 50%, 60%, 65%, 80%
1BR	60%, 70%, 75%, 80%
2BR	75%, 80%, 85%, 90%
3BR	85%, 90%

Other restricted-rent stock in this neighborhood

6 Housing Authority buildings in this neighborhood (6 SHA)
11 dedicated-affordable buildings (LIHTC / HUD project-based / nonprofit, via aptfinder.org)

Unit counts for Housing Authority and dedicated-affordable buildings aren't published in a unified feed; building counts only.

City Incentive source: City of Seattle Office of Housing (Q2 2025 feed). These buildings are market-rate with affordability incentives; the units shown above are rent-restricted within those buildings.

Northgate / Licton Springs

Studio

—

no obs

1BR

$1,395

2 bldgs

2BR

$2,722

2 bldgs

3BR

$2,695

1 bldgs

Zillow ZORI overall: $1,882/mo · +1.2% YoY 12 months · ZIPs 98133, 98125 · 2026-03-31

Current asking rents — sample

~9,399 total multifamily units (5+ unit bldgs) in the ZIP set, of which ~8,616 are non-restricted (rough estimate — Census ACS 2022 5-yr).

Bedroom	Buildings observed	Median rent	Range
1BR	2	$1,395	$1,395 – $1,450
2BR	2	$2,722	$2,095 – $3,350
3BR	1	$2,695	$2,695 – $2,695

Asking-rent sample: apartmentlist.com + PM company sites · 3 unique buildings · 6 listings = current vacancies, not total units. Per-bedroom unit counts not published.

33%1 of 3 buildings advertising specials

Modera Northgate — 12 weeks free by 3/15 / 8 weeks free by 4/15 / $1000 L&L

Affordable units

380City Incentive units (MFTE / IZ / MHA in mixed-income bldgs)

403State-tracked affordable units across 13 projects · WA Dept of Commerce Capital Housing Database (Housing Trust Fund + LIHTC)

AMI tiers offered, by bedroom

Bedroom	AMI tiers in this neighborhood
Micro	40%, 60%
Studio	60%, 65%
1BR	70%, 75%
2BR	85%, 90%
3BR	90%

Other restricted-rent stock in this neighborhood

2 Housing Authority buildings in this neighborhood (2 SHA)
9 dedicated-affordable buildings (LIHTC / HUD project-based / nonprofit, via aptfinder.org)

Unit counts for Housing Authority and dedicated-affordable buildings aren't published in a unified feed; building counts only.

City Incentive source: City of Seattle Office of Housing (Q2 2025 feed). These buildings are market-rate with affordability incentives; the units shown above are rent-restricted within those buildings.

Downtown Bellevue / Wilburton

Studio

$2,295

2 bldgs

1BR

$2,699

4 bldgs

2BR

$2,650

2 bldgs

3BR

—

no obs

Zillow ZORI overall: $2,695/mo · -0.2% YoY 12 months · ZIPs 98004, 98005 · 2026-03-31

Current asking rents — sample

~14,855 total multifamily units (5+ unit bldgs) in the ZIP set, of which ~13,572 are non-restricted (rough estimate — Census ACS 2022 5-yr).

Bedroom	Buildings observed	Median rent	Range
Studio	2	$2,295	$2,295 – $2,295
1BR	4	$2,699	$2,350 – $3,599
2BR	2	$2,650	$2,450 – $2,950

Asking-rent sample: apartmentlist.com + PM company sites · 8 unique buildings · 12 listings = current vacancies, not total units. Per-bedroom unit counts not published.

50%4 of 8 buildings advertising specials

Park 88 — Ask
Venn at Main — $5 off
Broadstone Savoie — $115
Tamasha Apartments — $275

Affordable units

1,283State-tracked affordable units across 12 projects · WA Dept of Commerce Capital Housing Database (Housing Trust Fund + LIHTC)

Other restricted-rent stock in this neighborhood

22 Housing Authority buildings in this neighborhood (22 KCHA)
4 dedicated-affordable buildings (LIHTC / HUD project-based / nonprofit, via aptfinder.org)

Unit counts for Housing Authority and dedicated-affordable buildings aren't published in a unified feed; building counts only.

City Incentive source: City of Seattle Office of Housing (Q2 2025 feed). These buildings are market-rate with affordability incentives; the units shown above are rent-restricted within those buildings.

Central Issaquah

Studio

—

no obs

1BR

$2,195

1 bldgs

2BR

—

no obs

3BR

—

no obs

Zillow ZORI overall: $2,584/mo · +1.4% YoY 12 months · ZIPs 98027 · 2026-03-31

Current asking rents — sample

~2,974 total multifamily units (5+ unit bldgs) in the ZIP set, of which ~2,685 are non-restricted (rough estimate — Census ACS 2022 5-yr).

Bedroom	Buildings observed	Median rent	Range
1BR	1	$2,195	$2,195 – $2,195
4BR	1	$3,675	$3,675 – $3,675

Asking-rent sample: apartmentlist.com + PM company sites · 2 unique buildings · 2 listings = current vacancies, not total units. Per-bedroom unit counts not published.

No specials observed across 2 buildings sampled

Affordable units

289State-tracked affordable units across 6 projects · WA Dept of Commerce Capital Housing Database (Housing Trust Fund + LIHTC)

Other restricted-rent stock in this neighborhood

3 Housing Authority buildings in this neighborhood (3 KCHA)
1 dedicated-affordable buildings (LIHTC / HUD project-based / nonprofit, via aptfinder.org)

Unit counts for Housing Authority and dedicated-affordable buildings aren't published in a unified feed; building counts only.

City Incentive source: City of Seattle Office of Housing (Q2 2025 feed). These buildings are market-rate with affordability incentives; the units shown above are rent-restricted within those buildings.

Downtown Redmond / Overlake

Studio

$2,250

1 bldgs

1BR

—

no obs

2BR

$2,850

1 bldgs

3BR

—

no obs

Zillow ZORI overall: $2,392/mo · +0.6% YoY 12 months · ZIPs 98052 · 2026-03-31

Current asking rents — sample

~11,022 total multifamily units (5+ unit bldgs) in the ZIP set, of which ~10,186 are non-restricted (rough estimate — Census ACS 2022 5-yr).

Bedroom	Buildings observed	Median rent	Range
Studio	1	$2,250	$2,250 – $2,250
2BR	1	$2,850	$2,850 – $2,850

Asking-rent sample: apartmentlist.com + PM company sites · 2 unique buildings · 2 listings = current vacancies, not total units. Per-bedroom unit counts not published.

No specials observed across 2 buildings sampled

Affordable units

836State-tracked affordable units across 20 projects · WA Dept of Commerce Capital Housing Database (Housing Trust Fund + LIHTC)

Other restricted-rent stock in this neighborhood

7 Housing Authority buildings in this neighborhood (7 KCHA)
2 dedicated-affordable buildings (LIHTC / HUD project-based / nonprofit, via aptfinder.org)

Unit counts for Housing Authority and dedicated-affordable buildings aren't published in a unified feed; building counts only.

City Incentive source: City of Seattle Office of Housing (Q2 2025 feed). These buildings are market-rate with affordability incentives; the units shown above are rent-restricted within those buildings.

Downtown Kent / Kent-Des Moines

Studio

$1,494

2 bldgs

1BR

$1,548

3 bldgs

2BR

$1,895

3 bldgs

3BR

$2,250

2 bldgs

Zillow ZORI overall: $1,891/mo · +1.5% YoY 12 months · ZIPs 98030, 98032 · 2026-03-31

Current asking rents — sample

~10,256 total multifamily units (5+ unit bldgs) in the ZIP set, of which ~9,057 are non-restricted (rough estimate — Census ACS 2022 5-yr).

Bedroom	Buildings observed	Median rent	Range
Studio	2	$1,494	$1,308 – $1,680
1BR	3	$1,548	$1,500 – $1,850
2BR	3	$1,895	$1,730 – $1,913
3BR	2	$2,250	$2,200 – $2,400

Asking-rent sample: apartmentlist.com + PM company sites · 3 unique buildings · 12 listings = current vacancies, not total units. Per-bedroom unit counts not published.

No specials observed across 3 buildings sampled

Affordable units

1,199State-tracked affordable units across 16 projects · WA Dept of Commerce Capital Housing Database (Housing Trust Fund + LIHTC)

Other restricted-rent stock in this neighborhood

12 Housing Authority buildings in this neighborhood (12 KCHA)
3 dedicated-affordable buildings (LIHTC / HUD project-based / nonprofit, via aptfinder.org)

Unit counts for Housing Authority and dedicated-affordable buildings aren't published in a unified feed; building counts only.

City Incentive source: City of Seattle Office of Housing (Q2 2025 feed). These buildings are market-rate with affordability incentives; the units shown above are rent-restricted within those buildings.

Downtown Federal Way / Transit Center

Studio

$1,314

1 bldgs

1BR

$1,557

5 bldgs

2BR

$2,030

5 bldgs

3BR

$2,562

2 bldgs

Zillow ZORI overall: $1,849/mo · +2.3% YoY 12 months · ZIPs 98003 · 2026-03-31

Current asking rents — sample

~6,985 total multifamily units (5+ unit bldgs) in the ZIP set, of which ~5,927 are non-restricted (rough estimate — Census ACS 2022 5-yr).

Bedroom	Buildings observed	Median rent	Range
Studio	1	$1,314	$1,314 – $1,314
1BR	5	$1,557	$1,295 – $1,770
2BR	5	$2,030	$1,495 – $2,450
3BR	2	$2,562	$2,550 – $2,573

Asking-rent sample: apartmentlist.com + PM company sites · 6 unique buildings · 13 listings = current vacancies, not total units. Per-bedroom unit counts not published.

No specials observed across 6 buildings sampled

Affordable units

1,058State-tracked affordable units across 19 projects · WA Dept of Commerce Capital Housing Database (Housing Trust Fund + LIHTC)

Other restricted-rent stock in this neighborhood

10 Housing Authority buildings in this neighborhood (10 KCHA)
6 dedicated-affordable buildings (LIHTC / HUD project-based / nonprofit, via aptfinder.org)

Unit counts for Housing Authority and dedicated-affordable buildings aren't published in a unified feed; building counts only.

City Incentive source: City of Seattle Office of Housing (Q2 2025 feed). These buildings are market-rate with affordability incentives; the units shown above are rent-restricted within those buildings.

10-neighborhood overview

Current asking rents — sample

Affordable units

Current asking rents — sample

Affordable units

Current asking rents — sample

Affordable units

Current asking rents — sample

Affordable units

Current asking rents — sample

Affordable units

Current asking rents — sample

Affordable units

Current asking rents — sample

Affordable units

Current asking rents — sample

Affordable units

Current asking rents — sample

Affordable units

Current asking rents — sample

Affordable units