Pioneer Square 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 Pioneer Square is about $1,729 per month. This puts it in the 51st percentile compared to the city average cost of rent, which is $1,871. Households in Pioneer Square have a median income of $6,020 per month so the average renter in Pioneer Square is spending roughly 29% of their earnings on housing.
Nationally, and in Pioneer Square, home values are the data point most closely correlated with the cost of rent. The median price of a home in Pioneer Square is $662,007 right now, which is lower than nearby neighborhoods, meaning that rents in Pioneer Square also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southwestern parts of Pioneer Square while lower rent rates are often available in central areas.
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