Cheap Apartments for Rent in 98116
106 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,275 - $1,745/mo
Studio-2 Beds
1 Bath4801 Fauntleroy Apartments | 4801 Fauntleroy Way SW,
Seattle, WA 98116
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SPECIAL OFFERPET FRIENDLYTotal price$1,559 - $3,416/moStudio-2 Beds1-2 BathsThe Whittaker | 4755 Fauntleroy Way SW,
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SPECIAL OFFERPET FRIENDLYTotal price$1,754 - $3,355/moStudio-2 Beds1-2 BathsJunction Flats and Landing | 4417 42nd Ave SW,
Seattle, WA 98116
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Average Rent Trends in 98116
Rent in 98116 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Oct 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $2,412 |
| Dec 2025 | $2,317 |
| Jan 2026 | $2,177 |
| Feb 2026 | $2,250 |
| Mar 2026 | $2,078 |
| Apr 2026 | $1,997 |
| May 2026 | $1,895 |
| Jun 2026 | $2,192 |
| Jul 2026 | $2,299 |
| Aug 2026 | $2,449 |
| Sep 2026 | $2,296 |
| Oct 2026 | $2,200 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,950 | $3,062 | $3,856 | $5,133 | $2,241 |
| Townhomes | — | $3,151 | $3,856 | $4,250 | $3,500 |
| Apartments and Condos | $1,700 | $2,300 | $2,950 | $125 | $1,967 |
| Houses | $2,121 | $3,600 | $3,850 | $5,133 | $3,995 |
Frequently Asked Questions about Rentals in 98116
- What is the average rent of an apartment in 98116?The average rent of an apartment in 98116 is $1,949 per month. This is about 0% higher than the national average.
- What are the cheapest months to find an apartment to rent in 98116?Last year, the cheapest month to find an apartment to rent was May 2025 when it was $2,012 per month.
- How many cheap apartments are available in 98116?There are 67 apartments to rent that are cheaper than the city’s average rent of $2,241.
- When is the average rent most expensive in 98116?In the last year, the average rent in 98116 was highest in Aug 2025 when it was $2,485 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 98116?The average rent of a 1 bedroom apartment in 98116 is $1,950 per month. That is about $355 more than the cost of a studio apartment.
- What are some cities near 98116?Some nearby cities include: Seattle, Riverton-Boulevard Park, Burien, Mercer Island, Medina, Bainbridge Island. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 98116 - 245 Rentas | Trulia