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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.

Lynnwood, WA Rental Market Trends

Highlights

The average rent for an apartment in Lynnwood is $1,605, a change amounting to approximately 0% compared to the previous year.

Average Rent in Lynnwood, WA

Last updated January 2021
Average Rent Y-o-Y Change Average Apartment Size
$1,605 0% 878 sq. ft.

The average size for a Lynnwood, WA apartment is 878 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.

Lynnwood, WA Apartment Rent Ranges

  • $1,001-$1,50042%
  • $1,501-$2,00046%
  • > $2,00012%

Lynnwood, WA Occupied Housing Units

  • Renter-occupied Households37%
  • Owner-occupied Households62%

5,319 or 37% of the households in Lynnwood, WA are renter-occupied while 8,905 or 62% are owner-occupied.

Lynnwood, WA Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Jan / 2021
Lynnwood, WA $1,479 $1,483 $1,600 $1,552 $1,636 $1,604 $1,627 $1,608 $1,605
National $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
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Access comprehensive real estate data and information on Yardi Matrix

How Lynnwood Compares to Other Cities

Average Rent Y-o-Y Change
Seattle $1,988 -7%
Tacoma $1,402 4%
Kent $1,565 3%
Everett $1,492 2%
Vancouver $1,388 3%
Renton $1,753 1%
Bellevue $2,188 -2%
Lynnwood $1,605 n/a
Kirkland $2,023 1%
Bothell $1,838 1%
Edmonds $1,518 -1%

For more information about the Lynnwood rental trends, check out our monthly rent report

Check out Washington Cities, Washington Neighborhoods and Washington Zip Codes for more details on verified listings, including the Washington Average Rent.

Curious about listings in your area? Check out our apartments near you for more details!

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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 Lynnwood 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.