Renton, 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 Renton, Washington rental market.
Renton, Washington
Average Apartment Rent
$2,127
Y-o-Y Change in Average
Apartment Rent
-1.6%
As of March 2026
Compared to a year ago, Renton, Washington apartments have recorded a -1.6% rent decrease.
Renton, Washington Average apartment rent trend
Renton, Washington Average Apartment Rent
Renton, Washington Apartment rent ranges
At 39.93%, apartments priced $1,500 - $2,000 represent the bulk of Renton, Washington rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 4.27%.
Renton, Washington Housing tenure**
Renters take up 46% of Renton, Washington real estate, occupying a total of 18,870 units, while homeowners live in 21,811 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$72,189
Average household size of renter-occupied housing units**
2.39
Rental vacancy rate**
3.7%
Renton, Washington Renter-occupied housing units by no. of bedrooms**
There are 6,753 rentals in Renton, Washington with 2 beds making up the highest share of the market, at 36%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 184 units. Overall, the median number of rooms in Renton, Washington homes for rent is 3.9.
Renton, Washington Renter-occupied units by age of householder**
Most condos for rent in Renton, Washington are occupied by residents in the 25 - 34 years age group (34%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Renton, Washington Renter-occupied housing units by family type**
Renton, Washington Renter-occupied housing units by the presence of own children**
A total of 9,078 apartments for rent in Renton, Washington, or 48% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 5,003 units. All in all, the median size of a renter-occupied household in Renton, Washington is 2.39.
Renton, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Renton, Washington.
Renton, Washington Renter-occupied units by year structure built**
The highest share of Renton, Washington apartment rentals, namely 21% or 3,873 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (19%, 3,671 units), and the ones Built 1970 - 1979 (14%, 2,602 units).
Renton, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Renton, Washington renters (40%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Renton, Washington condos for rent is 2018.
Renton, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Renton, Washington renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 15% have No vehicle available.
Renton, Washington Means of transportation to work of householders living in renter-occupied housing units**
Renton, 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 Renton, 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
