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Apartments for Rent in 98040, WA

141 Rentals Available
  • a living room and kitchen with a couch and a table
    7
    Today

    2630 77Th Avenue SE, Mercer Island, WA 98040
    STUDIO $1,898+
    1 BED $2,416+
    2 BEDS $3,225+
  • a dining room with a table and chairs and a living room
    Today

    7650 SE 27Th Street, Mercer Island, WA 98040
    STUDIO $2,010+
    1 BED $2,775+
    2 BEDS $3,305+
  • a starbucks coffee shop with cars parked in the parking lot
    Today

    7667 SE 27Th St., Mercer Island, WA 98040
    1 BED $5,462
  • A bedroom with a large bed and a wooden chest of drawers.
    1 day ago

    7942 Lake View Ln, Mercer Island, WA 98040
    4 BEDS $9,500
  • A kitchen with a sink and a dishwasher.
    1 day ago

    3220 81St Pl SE, Mercer Island, WA 98040
    2 BEDS $3,095
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  • More Rentals Near 98040, WA

  • A modern living room with a dining table set up.
    7
    Today

    4601 South Graham Street, Seattle, WA 98118
    1 BED Ask for Pricing
    2 BEDS $1,995
  • A living room with a grey couch, a small table, and a painting on the wall.
    1 day ago

    4035 37Th Ave S, Seattle, WA 98118
    2 BEDS $1,950
  • a small kitchen with a stove and a refrigerator
    20
    Today

    4902 RAINIER AVE S, SEATTLE, WA 98118
    Income Restricted
    STUDIO $900
    1 BED $1,000
  • A kitchen with wooden cabinets and a stainless steel refrigerator.
    1 day ago

    6526 Rainier Ave S, Seattle, WA 98118
    1 BED $1,550
  • A living room with a large orange sofa and a painting on the wall.
    Today

    4720 Rainier Ave S, Seattle, WA 98118
    STUDIO $1,720+
    1 BED $2,005+
    2 BEDS $3,355+
  • A kitchen with wooden cabinets and a black refrigerator.
    1 day ago

    10640 SE 16Th St, Bellevue, WA 98004
    1 BED $1,955
  • Interactive banner rent
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  • A kitchen with brown cabinets and a black stove top oven.
    1 day ago

    10640 SE 16Th St, Bellevue, WA 98004
    1 BED $1,895
  • a living room and kitchen with a couch and a table
    31
    Today

    3701 S. Hudson St., Seattle, WA 98118
    1 BED $1,915+
    2 BEDS $2,885
  • a kitchen with white appliances and wooden cabinets
    114
    Today

    3616 36TH AVE S, SEATTLE, WA 98199
    Income Restricted
    1 BED $950+
    2 BEDS Ask for Pricing
  • a living room with a couch and a bed and a tv
    65
    Today

    4525 Rainier Ave S, Seattle, WA 98118
    STUDIO $1,049+
    1 BED $1,095+
  • an apartment building with cars parked in front of it
    Today

    5033 37TH AVENUE S, SEATTLE, WA 98118
    Income Restricted
    1 BED Ask for Pricing
  • a building with many balconies and a fence in front of it
    53
    Today

    3642 33RD AVENUE S, SEATTLE, WA 98144
    Income Restricted
    1 BED $1,086+
    2 BEDS $1,304+
    3 BEDS $1,292+
  • Interactive banner bedroom
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  • A building with the word "Columbia" on it.
    23
    Today

    3610 33RD AVE S, SEATTLE, WA 98144
    Income Restricted
    1 BED $1,199+
    2 BEDS $1,450+
  • a tall building with a sign on the front of it
    79
    Today

    3621 33RD AVE SOUTH, SEATTLE, WA 98144
    Income Restricted
    1 BED $774+
    2 BEDS $975+
  • A kitchen with wooden cabinets and a black refrigerator.
    6 days ago

    5900 119Th Ave SE, Bellevue, WA 98006
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • a kitchen with wooden cabinets and white appliances and a window
    Today

    5900 37Th Ave S, Seattle, WA 98118
    Income Restricted
    2 BEDS $1,425
    3 BEDS $2,175
  • an apartment building with graffiti on the side of it
    Today

    5031 MARTIN LUTHER KING JR WAY S, SEATTLE, WA 98118
    Income Restricted
    2 BEDS $1,456
  • the lobby of a building with a staircase and chairs and a living room
    39
    1 day ago

    3000 S Alaska Street, Seattle, WA 98108
    STUDIO Ask for Pricing
    1 BED $1,690+
    2 BEDS $2,680+
  • A kitchen with white cabinets and a marble countertop.
    1 day ago

    12231 SE 59Th St, Bellevue, WA 98006
    1 BED $1,795
  • a large building on the corner of a street with a traffic light
    12
    Today

    3333 RAINIER AVE S, SEATTLE, WA 98144
    Income Restricted
    1 BED $1,250+
    2 BEDS $1,600+
    3 BEDS Ask for Pricing
5-20-zipcode
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98040 rent trends

Rental prices in 98040 have increased by 2.58% over the past year. The average rent moved from $2,617 to $2,684.

Average rent in 98040

$2,684/mo 98040 average rental price, September 2025
Image Average Rent

    What's the typical rent budget in 98040?

    The largest share of rentals in 98040 (34%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in 98040, WA

    14 /100
    Car-Dependent
    21 /100
    Minimal Transit
    9 /100
    Somewhat Bikeable
    Walk Score®: 14, Transit Score®: 21, Bike Score®: 9

    Frequently asked questions

    When were prices and availability in 98040 last updated?

    Prices and availability in 98040 were last updated on 18 Nov 2025.

    What are the best apartments in 98040?

    The best apartments in 98040 are: 77 Central, The Mercer Apartment Homes, 7667 Southeast 27th Street, 7942 Lake View Ln and 3220 81st Pl SE, Unit 110.

    What is the average rent in 98040?

    The average rent in 98040 is $2,599.

    What is the price range for a studio apartment in 98040?

    The price range for a studio apartment in 98040 is between $1,898 and $2,600.

    What is the price range for a 1-bedroom apartment in 98040?

    The price range for a 1-bedroom apartment in 98040 is between $2,416 and $5,462.

    What is the price range for a 2-bedroom apartment in 98040?

    The price range for a 2-bedroom apartment in 98040 is between $3,095 and $4,238.

    What is the price range for a 3-bedroom apartment in 98040?

    The price range for a 3-bedroom apartment in 98040 is between $1,898 and $3,828.

    What type of rental buildings are in 98040?

    In 98040, 34% of the residents are renting compared to 66% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 40% of 98040’s rentals, 41% are small-scale complexes with under 50 units, and 20% are single-family rentals.

    98040 demographics

    • 25,282Total Population
    • 13,539 Female
      11,743 Male
    • 45Median Age

    98040 households

    • 7,025 Family
      2,868 Non-family
    • 3,229 Children
      6,664 No Children
    • 9,893Total Number of Households
    • 2Average People Per Household
    • $202,359Median Household Income

    98040 education statistics

    RentCafe is your one-stop shop for finding a great new apartment in the 98040 zip code. Easily search through a wide selection of apartments for rent in 98040, WA and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Rents for apartments in 98040 start at $774. Browse apartment listings in 98040 and submit your rental application today!

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