Greenwood, Seattle, WA Rental Market Trends
Last updated: April 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Greenwood is $2,046, a 2.52% decrease compared to the previous year, when the average rent was $2,099.
Studio Apartments at $1,514 offer the most budget-friendly option with 410 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 636 square feet for $2,042, balancing privacy and affordability.
Two-beedroom units at $2,778 offer 942 square feet, perfect for roommates or small families.
Average rent in Greenwood, Seattle, WA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,046 | 637 sq. ft. |
| Studio | $1,514 | 410 sq. ft. |
| 1 Bed | $2,042 | 636 sq. ft. |
| 2 Beds | $2,778 | 942 sq. ft. |
| 3 Beds | n/a | n/a |
Greenwood, Seattle, WA rent trends
Rental prices in Greenwood, Seattle, WA have decreased by 2.52% over the past year. The average rent moved from $2,099 to $2,046.
What's the typical rent budget in Greenwood, Seattle, WA?
The largest share of rentals in Greenwood, Seattle, WA (40%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Greenwood, Seattle, WA?
2,814 or 48% of the households in Greenwood, Seattle, WA are renter-occupied while 3,073 or 52% are owner-occupied.
Most affordable neighborhoods in Greenwood?
Mount Baker $1,325/month
Loyal Heights $1,598/month
Wedgwood $1,608/month
All of these neighborhoods fall below the city wide average of $2,226/month.Most expensive neighborhoods in Greenwood?
Ravenna $2,763/month
Belltown $2,834/month
Seattle Central Business District $3,078/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Seattle, WA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Seattle Central Business District | $3,078 |
| Belltown | $2,834 |
| Ravenna | $2,763 |
| South Lake Union | $2,718 |
| Pike Market | $2,715 |
| Central Waterfront | $2,641 |
| Pioneer Square | $2,580 |
| Westlake | $2,555 |
| Green Lake | $2,532 |
| East Queen Anne | $2,464 |
| Crown Hill | $2,425 |
| Wallingford | $2,362 |
| Fremont | $2,348 |
| South Delridge | $2,279 |
| Columbia City | $2,235 |
| Lower Queen Anne | $2,228 |
| North Admiral | $2,218 |
| First Hill | $2,188 |
| North City | $2,187 |
| Ballard | $2,183 |
| Atlantic | $2,183 |
| Madison Park | $2,174 |
| Genesee | $2,174 |
| Hillwood | $2,171 |
| North Queen Anne | $2,153 |
| West Woodland | $2,138 |
| Maple Leaf | $2,128 |
| West Queen Anne | $2,116 |
| Parkwood | $2,108 |
| Meridian Park | $2,093 |
| University District | $2,087 |
| Stevens | $2,085 |
| Broadway | $2,082 |
| Minor | $2,082 |
| Fairmount Park | $2,079 |
| Roxhill | $2,077 |
| Yesler Terrace | $2,073 |
| North Delridge | $2,061 |
| Echo Lake | $2,061 |
| Greenwood | $2,046 |
| Roosevelt | $2,037 |
| Eastlake | $2,034 |
| Haller Lake | $2,023 |
| Junction | $2,006 |
| North College Park | $1,966 |
| Interbay | $1,956 |
| Portage Bay | $1,947 |
| High Point | $1,934 |
| Whittier Heights | $1,917 |
| Pinehurst | $1,889 |
| North Beacon Hill | $1,873 |
| Mann | $1,835 |
| Central Des Moines | $1,786 |
| Brighton | $1,771 |
| Richmond Highlands | $1,770 |
| Broadview | $1,766 |
| Cedar Park | $1,753 |
| Olympic Hills | $1,745 |
| International District | $1,738 |
| Bitter Lake | $1,697 |
| Ballinger | $1,686 |
| Victory Heights | $1,665 |
| South Des Moines | $1,641 |
| Wedgwood | $1,608 |
| Loyal Heights | $1,598 |
| Mount Baker | $1,325 |
Seattle | Rent Comparison by Neighborhood
Rent in Greenwood is 6% lower than in Atlantic
Greenwood rent is the same as Seattle average
Atlantic rent is 7% higher than Seattle average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Greenwood apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.