Lynnwood, 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 Lynnwood, Washington rental market.
Lynnwood, Washington
Average Apartment Rent
$2,065
Y-o-Y Change in Average
Apartment Rent
-2.6%
As of March 2026
Compared to a year ago, Lynnwood, Washington apartments have recorded a -2.6% rent decrease.
Lynnwood, Washington Average apartment rent trend
Lynnwood, Washington Average Apartment Rent
Lynnwood, Washington Apartment rent ranges
At 46.49%, apartments priced $1,500 - $2,000 represent the bulk of Lynnwood, Washington rentals, while condos priced Over $3,000 hold the lowest share of the market – 2.3%.
Lynnwood, Washington Housing tenure**
Renters take up 48% of Lynnwood, Washington real estate, occupying a total of 7,542 units, while homeowners live in 8,275 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$50,735
Average household size of renter-occupied housing units**
2.2
Rental vacancy rate**
6.9%
Lynnwood, Washington Renter-occupied housing units by no. of bedrooms**
There are 3,527 rentals in Lynnwood, Washington with 2 beds making up the highest share of the market, at 47%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 53 units. Overall, the median number of rooms in Lynnwood, Washington homes for rent is 3.6.
Lynnwood, Washington Renter-occupied units by age of householder**
Most condos for rent in Lynnwood, Washington are occupied by residents in the 35 - 44 years age group (22%), followed by those in the 25 - 34 years age group (22%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 5%.
Lynnwood, Washington Renter-occupied housing units by family type**
Lynnwood, Washington Renter-occupied housing units by the presence of own children**
A total of 3,694 apartments for rent in Lynnwood, Washington, or 49% of all rentals are family households. Additionally, 25% of rental homes include children under the age of 18 – that’s 1,865 units. All in all, the median size of a renter-occupied household in Lynnwood, Washington is 2.2.
Lynnwood, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 18% of the homes for rent in Lynnwood, Washington.
Lynnwood, Washington Renter-occupied units by year structure built**
The highest share of Lynnwood, Washington apartment rentals, namely 24% or 1,795 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (19%, 1,427 units), and the ones Built 1990 - 1999 (17%, 1,303 units).
Lynnwood, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Lynnwood, Washington renters (48%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lynnwood, Washington condos for rent is 2016.
Lynnwood, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 34% of Lynnwood, Washington renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 25% have No vehicle available.
Lynnwood, Washington Means of transportation to work of householders living in renter-occupied housing units**
Lynnwood, 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 Lynnwood, 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
