Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Living in Washington
Washington is home to the famous Cascade Mountains and the Olympic Mountains mountain range. From its breathtaking landscapes to its thriving economy, there's something for everyone in this vibrant state. First, explore its rich history and culture by visiting museums such as the Museum of Pop Culture and the Burke Museum of Natural History & Culture. Then, take your education to the next level at prestigious universities like the University of Washington and Washington State. Washington's economy is diverse and robust, driven by key industries such as technology, agriculture, and manufacturing.
There's no shortage of ample opportunities for adventure and excitement. From exploring the stunning trails of Mount Rainier National Park to fishing in the picturesque Puget Sound, nature enthusiasts will be in their element. And sports fans will enjoy cheering for Seattle Seahawks (NFL), Seattle Kraken (NFL), and Seattle Mariners (MLB) and supporting their favorite college teams. Discover famous attractions like the Space Needle, the Pike Place Market, and the historic city of Seattle.
A hub of innovation and creativity, Washington is a great state offering endless opportunities, which makes it a great place to live.
Rental Market Trends
Washington
As of June 2026, Washington's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Washington's average rent is 1.4% ($26) lower than the U.S. average of $1,797.
Average Rent
$1,771
Monthly ChangeMonth Over Month Change
1.7% ($30)
Yearly ChangeYear Over Year Change
2.4% ($41)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,420 | 1.3% ($19) | 4.2% ($63) |
| 2 Beds | $1,758 | 0.6% ($11) | 3.7% ($67) |
| 3 Beds | $2,415 | 3.2% ($76) | 4.4% ($102) |
| Top Markets in Washington | Average Rent | Avg. Rent vs. WAAverage Rent vs. Washington | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Seattle | $1,676 | 5.4% ($95) | 31 days |
| Spokane | $1,339 | 24.4% ($432) | 27 days |
| Bellingham | $2,062 | 16.4% ($291) | 19 days |
| Vancouver | $1,662 | 6.2% ($109) | 32 days |
| Tacoma | $1,479 | 16.5% ($292) | 33 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Washington Rental Market FAQs
Explore rental prices, market trends, and availability in Washington.
The average rent in Washington is $1,771 per month.
Homes in Washington typically rent for between $994 and $3,140 per month, with an average of $1,771 per month.
In Washington, the average rent for a 1-bedroom home is $1,420 per month, for a 2-bedroom home, $1,758 per month, and a 3-bedroom home is $2,415 per month.
The average rent in Washington is 1.4% ($26) lower than the national average of $1,797 per month.
The average rent in Washington has increased by 1.7% ($30) in the last month and increased by 2.4% ($41) over the past year.
The rental market in Washington, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Washington, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $70,320 to comfortably afford a 2-bedroom home in Washington.
