Lake Stevens 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 Lake Stevens is about $1,830 per month. This puts it in the 89th percentile compared to the state average cost of rent, which is $1,570. Households in Lake Stevens have a median income of $8,641 per month so the average renter in Lake Stevens is spending roughly 21% of their earnings on housing.
Nationally, and in Lake Stevens, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lake Stevens is $447,973 right now, which is lower than nearby cities, meaning that rents in Lake Stevens also tend to be lower versus these nearby cities.
Higher rent prices are common in the southern parts of Lake Stevens while lower rent rates are often available in northeastern areas.
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