Gig Harbor, 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 Gig Harbor, Washington rental market.
Gig Harbor, Washington
Average Apartment Rent
$2,350
Y-o-Y Change in Average
Apartment Rent
3.1%
As of March 2026
Compared to a year ago, Gig Harbor, Washington apartments have recorded a 3.1% rent increase.
Gig Harbor, Washington Average apartment rent trend
Gig Harbor, Washington Average Apartment Rent
Gig Harbor, Washington Apartment rent ranges
At 38.72%, apartments priced $1,500 - $2,000 represent the bulk of Gig Harbor, Washington rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 12.55%.
Gig Harbor, Washington Housing tenure**
Renters take up 40% of Gig Harbor, Washington real estate, occupying a total of 1,982 units, while homeowners live in 2,987 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$75,385
Average household size of renter-occupied housing units**
1.86
Rental vacancy rate**
6.2%
Gig Harbor, Washington Renter-occupied housing units by no. of bedrooms**
There are 1,054 rentals in Gig Harbor, Washington with 2 beds making up the highest share of the market, at 53%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 33 units. Overall, the median number of rooms in Gig Harbor, Washington homes for rent is 4.3.
Gig Harbor, Washington Renter-occupied units by age of householder**
Most condos for rent in Gig Harbor, Washington are occupied by residents in the 75 - 84 years age group (16%), followed by those in the 25 - 34 years age group (16%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 5%.
Gig Harbor, Washington Renter-occupied housing units by family type**
Gig Harbor, Washington Renter-occupied housing units by the presence of own children**
A total of 847 apartments for rent in Gig Harbor, Washington, or 43% of all rentals are family households. Additionally, 15% of rental homes include children under the age of 18 – that’s 301 units. All in all, the median size of a renter-occupied household in Gig Harbor, Washington is 1.86.
Gig Harbor, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Gig Harbor, Washington.
Gig Harbor, Washington Renter-occupied units by year structure built**
The highest share of Gig Harbor, Washington apartment rentals, namely 30% or 600 units, were Built 2010 - 2019, followed by those Built 1990 - 1999 (19%, 371 units), and the ones Built 1970 - 1979 (15%, 297 units).
Gig Harbor, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Gig Harbor, Washington renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Gig Harbor, Washington condos for rent is 2017.
Gig Harbor, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Gig Harbor, Washington renters have 1 vehicle available per household, 38% of them have 2 vehicles available, and 9% have No vehicle available.
Gig Harbor, Washington Means of transportation to work of householders living in renter-occupied housing units**
Gig Harbor, 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 Gig Harbor, 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
