Des Moines, Washington Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Des Moines, Washington rental market.
Des Moines, Washington
Average Apartment Rent
$1,854
Y-o-Y Change in Average
Apartment Rent
0.7%
As of November 2024
Compared to a year ago, Des Moines, Washington apartments have recorded a 0.7% rent increase.
Des Moines, Washington Average apartment rent trend
Des Moines, Washington Average Apartment Rent
Des Moines, Washington Apartment rent ranges
At 56.65%, apartments priced $1,500 - $2,000 represent the bulk of Des Moines, Washington rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 14.53%.
Des Moines, Washington Housing tenure**
Renters take up 41% of Des Moines, Washington real estate, occupying a total of 5,026 units, while homeowners live in 7,343 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$53,527
Average household size of renter-occupied housing units**
2.51
Rental vacancy rate**
1.8%
Des Moines, Washington Renter-occupied housing units by no. of bedrooms**
There are 2,856 rentals in Des Moines, Washington with 2 beds making up the highest share of the market, at 57%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 63 units. Overall, the median number of rooms in Des Moines, Washington homes for rent is 4.
Des Moines, Washington Renter-occupied units by age of householder**
Most condos for rent in Des Moines, Washington are occupied by residents in the 35 - 44 years age group (26%), followed by those in the 25 - 34 years age group (24%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Des Moines, Washington Renter-occupied housing units by family type**
Des Moines, Washington Renter-occupied housing units by the presence of own children**
A total of 2,753 apartments for rent in Des Moines, Washington, or 55% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 1,813 units. All in all, the median size of a renter-occupied household in Des Moines, Washington is 2.51.
Des Moines, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 26% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Des Moines, Washington.
Des Moines, Washington Renter-occupied units by year structure built**
The highest share of Des Moines, Washington apartment rentals, namely 23% or 1,175 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (23%, 1,172 units), and the ones Built 1960 - 1969 (17%, 870 units).
Des Moines, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Des Moines, Washington renters (49%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Des Moines, Washington condos for rent is 2017.
Des Moines, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Des Moines, Washington renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 12% have No vehicle available.
Des Moines, Washington Means of transportation to work of householders living in renter-occupied housing units**
Des Moines, Washington Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Des Moines, Washington apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
