Top Rental Markets in Washington

The top rental markets in Washington are Seattle, Vancouver, Tacoma, Bothell, Olympia, Kirkland, Kent, Spokane, and Renton.

The TurboTenant Report includes analysis of the average number of leads per property, the average number of days on market, average rent price, median sale price, median income, security deposit trends and livability score.  

Washington Rental Trends: 

Washington is a beautiful state that expects to be coal-free by 2025 and has flourishing industries in agriculture, technology, and maritime. As a place for all ages, its culture is attracting many renters with a variety of appealing properties that property investors don’t want to miss out on. Here are some highlights from the top rental markets in the Evergreen State:

Days on Market: 

The city with the lowest number of days on market is Renton at only nine days – under the national average which sits at 15 days; Kirkland has the highest number of days on market at 16.


The top three towns for the largest amount of leads per listing are equal to or over the national average at 38. Here they are:

  • Kent – 81 leads per listing
  • Tacoma – 58 leads per listing
  • Olympia – 38 leads per listing

Average Rent: (2 bedroom listings)

With the national average rent at $1,207 for a two-bedroom, Spokane comes just under that with the lowest average rent of $1,027 for a two-bedroom compared to the highest rent in Washington at $2,301 in Seattle. 

Median Home Sale Price:

According to data from Redfin, which is a national real estate brokerage company, the national median home sale price sits at $306,400. Washington’s highest median sale price comes above that at $687,000 in Kirkland with its lowest median sale price lower than the national average at $249,000 in Spokane.

Median Income: 

Washington’s median income rings in at $57,480 – above the national average at $48,500.

Security Deposit Trends: 

Security deposits have both risen and fallen in Washington cities between 2018 and 2019. With the largest being an increase of 25% in Spokane at $1,000, and the largest decrease in Renton at -35.9% with the current average at around $1,250 – just above the national average for security deposits which is also $1,200.

Livability Score: 

All of the Washington cities had a livability score 64 or higher with the highest being Kirkland at 78!

Please visit here for our full methodology.

Whether you’ve found the best investment property in these top rental markets, or somewhere else, TurboTenant can help streamline your rental process with easy and free online rental applications as well as thorough tenant screening so you can find the best renter for your property.

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Sarnen Steinbarth

CEO & Founder TurboTenant, Inc

Sarnen has been investing in rental property since the age of 19. He saw firsthand the need for an easy-to-use and affordable technology backed solution geared towards independent landlords. In October of 2015, he launched TurboTenant. Today TurboTenant serves 200,000+ landlords and is still dedicated to making the rental process easy, smooth, and hassle-free. Sarnen is a regular contributor on Forbes and Bigger Pockets and has firmly positioned himself as thought leader in the real estate and proptech space.

Guidelines for using these data.

You are welcome to use any of the data in this report for your own purposes, we just kindly ask that you properly cite the source. You can view our methodology for our TurboTenant Reports here.  

An example citing: According to a report by TurboTenant, an online property management software company….

If you have data requirements that are outside the scope of this article, please email We have a plethora of data and are happy to supply another data set if it is available. 

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