Luxury Apartments for Rent in 98116
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SPECIAL OFFERPET FRIENDLY$1,625 - $3,150/mo
Studio-2 Beds
1-2 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 increased in Aug 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $2,189 |
| Oct 2025 | $2,340 |
| 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 |
Average Rent By Bedroom and Home Type
In August 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 | $1,910 | $2,906 | $4,222 | $5,300 | $2,300 |
| Townhomes | $4,000 | $2,990 | $4,080 | — | $4,000 |
| Apartments and Condos | $1,700 | $2,850 | $8,450 | — | $2,050 |
| Houses | $2,300 | $3,950 | $4,700 | $5,300 | $4,500 |
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 $2,101 per month. This is about 7% higher than the national average.
- When is the average rent cheapest in 98116?In the last year, the average rent in 98116 was lowest in May 2025 when it was $2,012 per month.
- 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 $1,910 per month. That is about $261 more than the cost of a studio apartment.
- How many available rental listings are in 98116?There are 99 available rental listings in 98116.
- 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 de lujo en renta en 98116 - 211 Rentas | Trulia