Apartments in 98040

22 rentals

Apartments For Rent Near 98040

We found 30 more apartments matching your filters just outside 98040

Average Rent Trends in 98040

Rent in 98040 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
MonthAverage rent
Jun 2025$2,678
Jul 2025$2,652
Aug 2025$2,784
Sep 2025$2,700
Oct 2025$2,486
Nov 2025$2,587
Dec 2025$2,576
Jan 2026$2,517
Feb 2026$2,427
Mar 2026$2,437
Apr 2026$2,581
May 2026$2,565
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$2,421$2,849$3,650$7,500$2,994
Apartments and Condos$2,150$3,200$3,100—$2,578
Houses——$3,995$8,500$7,500

Frequently Asked Questions about Apartments and Condos for rent in 98040

  • What is the average rent of an apartment in 98040?
    The average rent of an apartment in 98040 is $2,698 per month. This is about 40% higher than the national average.
  • When is the average rent cheapest in 98040?
    In the last year, the average rent in 98040 was lowest in Jan 2025 when it was $2,439 per month.
  • When is the average rent most expensive in 98040?
    In the last year, the average rent in 98040 was highest in Aug 2025 when it was $2,784 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 98040?
    The average rent of a 1 bedroom apartment in 98040 is $2,407 per month. That is about $528 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 98040?
    There are 26 available apartments or condos to rent in 98040.
  • What are some cities near 98040?
    Some nearby cities include: Mercer Island, Beaux Arts Village, Newcastle, Medina, Bellevue, Clyde Hill. These cities may have more rental options to explore.