Greenwood, Seattle, WA Rental Market Trends
Last updated: October 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Greenwood is $2,053, a 4.73% decrease compared to the previous year, when the average rent was $2,154.
Studio Apartments at $1,522 offer the most budget-friendly option with 417 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 638 square feet for $2,072, balancing privacy and affordability.
Two-bedroom units at $2,638 offer 945 square feet, perfect for roommates or small families.
Average rent in Greenwood, Seattle, WA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,053 | 642 sq. ft. |
| Studio | $1,522 | 417 sq. ft. |
| 1 Bed | $2,072 | 638 sq. ft. |
| 2 Beds | $2,638 | 945 sq. ft. |
| 3 Beds | n/a | n/a |
Greenwood, Seattle, WA rent trends
Rental prices in Greenwood, Seattle, WA have decreased by 4.73% over the past year. The average rent moved from $2,154 to $2,053.
What's the typical rent budget in Greenwood, Seattle, WA?
The largest share of rentals in Greenwood, Seattle, WA (45%) 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?
2,895 or 48% of the households in Greenwood, Seattle, WA are renter-occupied while 3,157 or 52% are owner-occupied.
Most affordable neighborhoods in Greenwood?
Mount Baker $1,317/month
Loyal Heights $1,557/month
Wedgwood $1,559/month
All of these neighborhoods fall below the city wide average of $2,254/month.Most expensive neighborhoods in Greenwood?
Ravenna $2,751/month
Belltown $2,839/month
Seattle Central Business District $3,117/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 | $3,117 |
| Belltown | $2,839 |
| Ravenna | $2,751 |
| South Lake Union | $2,740 |
| Pike Market | $2,727 |
| Central Waterfront | $2,677 |
| Westlake | $2,616 |
| Pioneer Square | $2,554 |
| Green Lake | $2,520 |
| Crown Hill | $2,484 |
| East Queen Anne | $2,435 |
| Wallingford | $2,414 |
| Genesee | $2,351 |
| Maple Leaf | $2,341 |
| Hillwood | $2,329 |
| Columbia City | $2,318 |
| Fremont | $2,311 |
| South Delridge | $2,272 |
| First Hill | $2,268 |
| North Admiral | $2,268 |
| North City | $2,254 |
| Lower Queen Anne | $2,242 |
| Eastlake | $2,217 |
| West Queen Anne | $2,209 |
| University District | $2,194 |
| Parkwood | $2,188 |
| West Woodland | $2,182 |
| Ballard | $2,178 |
| Minor | $2,159 |
| Meridian Park | $2,157 |
| North Queen Anne | $2,152 |
| Atlantic | $2,151 |
| North Delridge | $2,143 |
| Fairmount Park | $2,115 |
| Haller Lake | $2,111 |
| Broadway | $2,086 |
| Stevens | $2,073 |
| Roosevelt | $2,062 |
| Yesler Terrace | $2,054 |
| Greenwood | $2,053 |
| Junction | $2,050 |
| Roxhill | $2,031 |
| Echo Lake | $2,024 |
| Portage Bay | $1,947 |
| High Point | $1,936 |
| Richmond Highlands | $1,935 |
| Interbay | $1,932 |
| Pinehurst | $1,898 |
| Whittier Heights | $1,882 |
| North Beacon Hill | $1,858 |
| North College Park | $1,856 |
| Central Des Moines | $1,792 |
| Brighton | $1,788 |
| Mann | $1,785 |
| International District | $1,782 |
| Bitter Lake | $1,765 |
| Cedar Park | $1,756 |
| Olympic Hills | $1,755 |
| Broadview | $1,749 |
| South Des Moines | $1,670 |
| Ballinger | $1,647 |
| Victory Heights | $1,564 |
| Wedgwood | $1,559 |
| Loyal Heights | $1,557 |
| Mount Baker | $1,317 |
Seattle | Rent Comparison by Neighborhood
Rent in Greenwood is 5% lower than in Atlantic
Greenwood rent is the same as Seattle average
Atlantic rent is 5% 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.