Cheap Apartments for Rent in 98406
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PET FRIENDLY$1,295 - $2,150/mo
Studio-2 Beds
1-2 Baths1922 Prospect Apartments | 1922 N Prospect St #5781256,
Tacoma, WA 98406
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Average Rent Trends in 98406
Rent in 98406 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 Sep 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,819 |
| Jul 2025 | $1,900 |
| Aug 2025 | $1,997 |
| Sep 2025 | $2,250 |
| Oct 2025 | $2,250 |
| Nov 2025 | $2,000 |
| Dec 2025 | $1,973 |
| Jan 2026 | $1,806 |
| Feb 2026 | $1,792 |
| Mar 2026 | $1,528 |
| Apr 2026 | $1,675 |
| May 2026 | $1,680 |
Average Rent By Bedroom and Home Type
In May 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 | $1,325 | $1,995 | $2,295 | $4,000 | $1,680 |
| Townhomes | — | $2,000 | — | — | $2,000 |
| Apartments and Condos | $1,207 | $1,900 | $2,295 | — | $1,650 |
| Houses | — | $3,078 | $3,000 | $4,000 | $3,500 |
Frequently Asked Questions about Rentals in 98406
- What is the average rent of an apartment in 98406?The average rent of an apartment in 98406 is $1,551 per month. This is about 20% lower than the national average.
- What is the average rent of a house in 98406?The average rent of a house in 98406 is $3,500 per month. This is about 81% higher than the national average.
- What is the average rent of a townhome in 98406?The average rent of a townhome in 98406 is $2,000 per month. This is about 4% higher than the national average.
- When is the average rent cheapest in 98406?In the last year, the average rent in 98406 was lowest in Jun 2025 when it was $1,819 per month.
- When is the average rent most expensive in 98406?In the last year, the average rent in 98406 was highest in Sep 2025 when it was $2,250 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 98406?The average rent of a 1 bedroom apartment in 98406 is $1,325 per month. That is about $30 more than the cost of a studio apartment.
- How many available rental listings are in 98406?There are 42 available rental listings in 98406.
- What are some cities near 98406?Some nearby cities include: Fircrest, Ruston, Tacoma, University Place, Fox Island, Lakewood. These cities may have more rental options to explore.