98040 rental market
What is the average rent in 98040?
Last updated July 11, 2026
Rental market summary
The average rent for all bedrooms and all property types in 98040 is $3,611.
Average rent
$3,611
Month-over-month change
+$416
Year-over-year change
-$84
Available rentals
49
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,800 to $15,000.
| Rent price | Number of rental properties |
|---|---|
| $1,700 | 1 |
| $1,800 | 1 |
| $2,100 | 1 |
| $2,200 | 2 |
| $2,300 | 1 |
| $2,400 | 4 |
| $2,500 | 2 |
| $2,600 | 3 |
| $2,700 | 3 |
| $2,900 | 2 |
| $3,000 | 2 |
| $3,100 | 2 |
| $3,200 | 2 |
| $3,300 | 1 |
| $3,600 | 1 |
| $3,700 | 1 |
| $4,900 | 1 |
| $5,000+ | 22 |
Average rent price over time
In the last year, rent has decreased by $84 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $3,500 | $3,650 |
| Feb | $2,795 | $3,100 |
| Mar | $2,800 | $3,134 |
| Apr | $3,000 | $2,995 |
| May | $3,295 | $2,950 |
| Jun | $2,985 | $3,200 |
| Jul | $3,995 | $3,195 |
| Aug | $3,600 | No data |
| Sep | $4,250 | No data |
| Oct | $4,450 | No data |
| Nov | $3,650 | No data |
| Dec | $4,850 | No data |
Market temperature
The 98040 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 98040 is 79% higher than the national average.
$3,611
$2,017
Rent in 98040
We created a seamless online experience for you - from shopping on the largest rental network, to applying, to paying rent.
Post a rental listing
Easy-to-use tools let you list your property where millions of renters search each month. Plus, messaging and tenant screening are integrated into our listing platform to help you find and screen applicants faster.
Get startedLearn moreRent trends near 98040
Frequently asked questions
1. What is the average rent in 98040?
2. What is the average rent for a studio apartment in 98040?
3. What is the average rent for a one-bedroom apartment in 98040?
4. What is the average rent for a two-bedroom apartment in 98040?
5. What is the average rent for a three-bedroom apartment in 98040?
6. What is the average rent for a four-bedroom apartment in 98040?
7. How much does it cost to rent a house in 98040?
8. How has the rent in 98040 changed in the last year?
9. How much has the rent in 98040 increased/decreased in the last month?
10. How many available rentals are there in 98040?
11. How do rent prices in 98040 compare with the national average?
