Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Bonney Lake, WA Rental Market Trends
What is the average rent in Bonney Lake?
The average rent for an apartment in Bonney Lake is $1,305, a 19% decrease compared to the previous year, when the average rent was $1,621.
Average Rent in Bonney Lake, WA
Last updated May 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,305 | -19% | 917 sq. ft. |
What is the average apartment size in Bonney Lake?
The average size for a Bonney Lake, WA apartment is 917 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Bonney Lake, WA Apartment Rent Ranges
- $701-$1,00017%
- $1,001-$1,50059%
- $1,501-$2,00020%
- > $2,0004%
Bonney Lake, WA Occupied Housing Units
- Renter-occupied Households24%
- Owner-occupied Households75%
1,743 or 24% of the households in Bonney Lake, WA are renter-occupied while 5,402 or 75% are owner-occupied.
Bonney Lake, WA Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Bonney Lake, WA | $1,513 | $1,513 | $1,469 | $1,597 | $1,641 | $1,689 | $1,621 | $1,361 | $1,272 | $1,305 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
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How Bonney Lake Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Seattle | $1,866 | -13% |
| Everett | $1,483 | n/a |
| Tacoma | $1,432 | 5% |
| Kent | $1,571 | 2% |
| Renton | $1,768 | -1% |
| Bellevue | $2,116 | -9% |
| Kirkland | $1,949 | -6% |
| Lynnwood | $1,594 | -2% |
| Bothell | $1,845 | n/a |
| Federal Way | $1,532 | 4% |
| Bonney Lake | $1,305 | -19% |
Most Popular Apartments in Bonney Lake
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 Bonney Lake 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.