Spokane Valley, 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 Spokane Valley, Washington rental market.
Spokane Valley, Washington
Average Apartment Rent
$1,414
Y-o-Y Change in Average
Apartment Rent
-0.8%
As of March 2026
Compared to a year ago, Spokane Valley, Washington apartments have recorded a -0.8% rent decrease.
Spokane Valley, Washington Average apartment rent trend
Spokane Valley, Washington Average Apartment Rent
Spokane Valley, Washington Apartment rent ranges
At 62.26%, apartments priced $1,000 - $1,500 represent the bulk of Spokane Valley, Washington rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.02%.
Spokane Valley, Washington Housing tenure**
Renters take up 42% of Spokane Valley, Washington real estate, occupying a total of 17,745 units, while homeowners live in 24,239 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$47,359
Average household size of renter-occupied housing units**
2.32
Rental vacancy rate**
2.6%
Spokane Valley, Washington Renter-occupied housing units by no. of bedrooms**
There are 7,146 rentals in Spokane Valley, Washington with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 378 units. Overall, the median number of rooms in Spokane Valley, Washington homes for rent is 4.
Spokane Valley, Washington Renter-occupied units by age of householder**
Most condos for rent in Spokane Valley, Washington are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 45 - 54 years age group (16%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 4%.
Spokane Valley, Washington Renter-occupied housing units by family type**
Spokane Valley, Washington Renter-occupied housing units by the presence of own children**
A total of 8,517 apartments for rent in Spokane Valley, Washington, or 48% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 5,435 units. All in all, the median size of a renter-occupied household in Spokane Valley, Washington is 2.32.
Spokane Valley, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 22% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Spokane Valley, Washington.
Spokane Valley, Washington Renter-occupied units by year structure built**
The highest share of Spokane Valley, Washington apartment rentals, namely 23% or 4,083 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (16%, 2,881 units), and the ones Built 1980 - 1989 (14%, 2,503 units).
Spokane Valley, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Spokane Valley, Washington renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Spokane Valley, Washington condos for rent is 2018.
Spokane Valley, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Spokane Valley, Washington renters have 1 vehicle available per household, 32% of them have 2 vehicles available, and 14% have No vehicle available.
Spokane Valley, Washington Means of transportation to work of householders living in renter-occupied housing units**
Spokane Valley, 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 Spokane Valley, 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
