Lake Stevens, 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 Lake Stevens, Washington rental market.
Lake Stevens, Washington
Average Apartment Rent
$2,198
Y-o-Y Change in Average
Apartment Rent
1%
As of March 2026
Compared to a year ago, Lake Stevens, Washington apartments have recorded a 1% rent increase.
Lake Stevens, Washington Average apartment rent trend
Lake Stevens, Washington Average Apartment Rent
Lake Stevens, Washington Apartment rent ranges
At 42.51%, apartments priced $1,500 - $2,000 represent the bulk of Lake Stevens, Washington rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 23.89%.
Lake Stevens, Washington Housing tenure**
Renters take up 24% of Lake Stevens, Washington real estate, occupying a total of 3,094 units, while homeowners live in 10,003 properties.
Median number of rooms of renter-occupied housing units**
5.4
Renter median household income**
$78,834
Average household size of renter-occupied housing units**
3.15
Rental vacancy rate**
1.8%
Lake Stevens, Washington Renter-occupied housing units by no. of bedrooms**
There are 1,235 rentals in Lake Stevens, Washington with 3 beds making up the highest share of the market, at 40%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 20 units. Overall, the median number of rooms in Lake Stevens, Washington homes for rent is 5.4.
Lake Stevens, Washington Renter-occupied units by age of householder**
Most condos for rent in Lake Stevens, Washington are occupied by residents in the 35 - 44 years age group (30%), followed by those in the 25 - 34 years age group (24%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Lake Stevens, Washington Renter-occupied housing units by family type**
Lake Stevens, Washington Renter-occupied housing units by the presence of own children**
A total of 2,368 apartments for rent in Lake Stevens, Washington, or 77% of all rentals are family households. Additionally, 55% of rental homes include children under the age of 18 – that’s 1,694 units. All in all, the median size of a renter-occupied household in Lake Stevens, Washington is 3.15.
Lake Stevens, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Lake Stevens, Washington.
Lake Stevens, Washington Renter-occupied units by year structure built**
The highest share of Lake Stevens, Washington apartment rentals, namely 21% or 659 units, were Built 1990 - 1999, followed by those Built 1970 - 1979 (21%, 655 units), and the ones Built 2000 - 2009 (18%, 569 units).
Lake Stevens, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Lake Stevens, Washington renters (47%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Lake Stevens, Washington condos for rent is 2017.
Lake Stevens, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Lake Stevens, Washington renters have 2 vehicles available per household, 20% of them have 1 vehicle available, and 18% have 3 vehicles available.
Lake Stevens, Washington Means of transportation to work of householders living in renter-occupied housing units**
Lake Stevens, 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 Lake Stevens, 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
