Homes & Apartments for Rent in 98406

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What to Know About

Living in 98406

Tacoma is a bustling city located in the Pacific Northwest with a thriving economy primarily based on technology, aerospace, military, and healthcare. You can explore fascinating museums, like the Museum of Glass and the Washington State History Museum. In addition, Tacoma provides students with an outstanding education at institutions like the University of Puget Sound and the University of Washington Tacoma. There is also plenty to do in Tacoma, from exploring the city's waterfront parks and beaches to shopping in downtown Tacoma.

Outdoor enthusiasts can take in the stunning natural beauty of Mount Rainier and the Olympic Mountains or explore local parks and trails, such as Ruston Way Waterfront, Point Defiance Park, and the Foothills Trail. Food lovers can indulge in various delicious dining options, ranging from farm-to-table cuisine to international flavors. Additionally, Tacoma has exciting events throughout the year, such as the Tacoma Jazz & Blues Festival and the Tacoma Film Festival.

With its scenic location, friendly community spirit, and cultural and recreational opportunities, Tacoma is a great place to call home for those who appreciate the beauty of the Pacific Northwest.

Rental Market Trends

Tacoma, WA

As of October 2026, Tacoma's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Tacoma's average rent is 17.0% ($311) lower than the Washington average of $1,825 and 16.8% ($305) lower than the U.S. average of $1,819.

Average Rent
$1,514
Monthly ChangeMonth Over Month Change
Decreased0.4% ($6)
Yearly ChangeYear Over Year Change
Increased1.2% ($18)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,342 Decreased1.3% ($17) Increased0.1% ($2)
2 Beds $1,690 Decreased0.4% ($6) Increased1.8% ($30)
3 Beds $2,241 Decreased6.1% ($145) Decreased6.2% ($149)
Nearby Cities Average Rent Avg. Rent vs. TacomaAverage Rent vs. Tacoma Avg. Days on MarketAverage Days on Market
Fife $2,024 Increased33.7% ($510) 32 days
Lakewood $1,587 Increased4.8% ($73) 35 days
University Place $1,545 Increased2% ($31) 31 days
Milton $3,074 Increased103% ($1560) 31 days
Puyallup $1,947 Increased28.6% ($433) 27 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Tacoma Rental Market FAQs

Explore rental prices, market trends, and availability in Tacoma, WA.

The average rent in Tacoma, WA is $1,514 per month.
Homes in Tacoma typically rent for between $939 and $2,913 per month, with an average of $1,514 per month.
In Tacoma, the average rent for a 1-bedroom home is $1,342 per month, for a 2-bedroom home, $1,690 per month, and a 3-bedroom home is $2,241 per month.
The average rent in Tacoma is 16.8% ($305) lower than the national average of $1,819 per month.
The average rent in Tacoma has decreased by 0.4% ($6) in the last month and increased by 1.2% ($18) over the past year.
The rental market in Tacoma, WA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Tacoma, WA, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 353 rental properties available in Tacoma, WA.
Based on the current averages, a household would need an annual income of $67,600 to comfortably afford a 2-bedroom home in Tacoma.
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