North 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 North Lynnwood, Washington rental market.
North Lynnwood, Washington
Average Apartment Rent
$2,067
Y-o-Y Change in Average
Apartment Rent
-5.5%
As of March 2026
Compared to a year ago, North Lynnwood, Washington apartments have recorded a -5.5% rent decrease.
North Lynnwood, Washington Average apartment rent trend
North Lynnwood, Washington Average Apartment Rent
North Lynnwood, Washington Apartment rent ranges
At 40.67%, apartments priced $1,500 - $2,000 represent the bulk of North Lynnwood, Washington rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.66%.
North Lynnwood, Washington Housing tenure**
Renters take up 55% of North Lynnwood, Washington real estate, occupying a total of 5,381 units, while homeowners live in 4,384 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$77,553
Average household size of renter-occupied housing units**
2.44
Rental vacancy rate**
6.2%
North Lynnwood, Washington Renter-occupied housing units by no. of bedrooms**
There are 2,758 rentals in North Lynnwood, Washington with 2 beds making up the highest share of the market, at 51%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 131 units. Overall, the median number of rooms in North Lynnwood, Washington homes for rent is 3.9.
North Lynnwood, Washington Renter-occupied units by age of householder**
Most condos for rent in North Lynnwood, Washington are occupied by residents in the 25 - 34 years age group (39%), followed by those in the 15 - 24 years age group (17%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
North Lynnwood, Washington Renter-occupied housing units by family type**
North Lynnwood, Washington Renter-occupied housing units by the presence of own children**
A total of 2,606 apartments for rent in North Lynnwood, Washington, or 48% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 1,559 units. All in all, the median size of a renter-occupied household in North Lynnwood, Washington is 2.44.
North Lynnwood, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 41% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in North Lynnwood, Washington.
North Lynnwood, Washington Renter-occupied units by year structure built**
The highest share of North Lynnwood, Washington apartment rentals, namely 25% or 1,366 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (21%, 1,153 units), and the ones Built 1980 - 1989 (21%, 1,115 units).
North Lynnwood, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most North Lynnwood, Washington renters (47%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their North Lynnwood, Washington condos for rent is 2019.
North Lynnwood, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of North Lynnwood, Washington renters have 2 vehicles available per household, 37% of them have 1 vehicle available, and 9% have No vehicle available.
North Lynnwood, Washington Means of transportation to work of householders living in renter-occupied housing units**
North 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 North 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
