Apartments For Rent By Private Owner 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 increased in Oct 2026 compared to the previous month. Rent previously peaked in Dec 2025.
MonthAverage rent
Nov 2025$3,650
Dec 2025$4,850
Jan 2026$3,650
Feb 2026$3,100
Mar 2026$3,143
Apr 2026$2,995
May 2026$2,950
Jun 2026$3,200
Jul 2026$3,195
Aug 2026$3,250
Sep 2026$3,265
Oct 2026$4,950
View as a graph

Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$2,350$3,250$3,500$6,500$4,595
Townhomes—$4,500——$4,500
Apartments and Condos$2,350$2,995$3,250—$2,995
Houses—$2,700$1,100$6,500$6,500

Frequently Asked Questions about Rentals in 98040

  • What is the average rent of an apartment in 98040?
    The average rent of an apartment in 98040 is $2,733 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 Feb 2025 when it was $2,795 per month.
  • When is the average rent most expensive in 98040?
    In the last year, the average rent in 98040 was highest in Dec 2025 when it was $4,850 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 $2,350 per month. That is about $152 more than the cost of a studio apartment.
  • How many available rental listings are in 98040?
    There are 60 available rental listings 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.