Downtown Seattle renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Downtown Seattle is about $2,343 per month. This puts it in the 90th percentile compared to the city average cost of rent, which is $1,871. Households in Downtown Seattle have a median income of $11,869 per month so the average renter in Downtown Seattle is spending roughly 20% of their earnings on housing.
Nationally, and in Downtown Seattle, home values are the data point most closely correlated with the cost of rent. The median price of a home in Downtown Seattle is $1,090,027 right now, which is lower than nearby neighborhoods, meaning that rents in Downtown Seattle also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of Downtown Seattle while lower rent rates are often available in western areas.
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