Pioneer Square, Seattle, WA Rental Market Trends
Last updated: August 03, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Pioneer Square is $2,552, a 2.33% increase compared to the previous year, when the average rent was $2,494.
Studio Apartments at $1,851 offer the most budget-friendly option with 491 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 712 square feet for $2,637, balancing privacy and affordability.
Average rent in Pioneer Square, Seattle, WA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,552 | 697 sq. ft. |
| Studio | $1,851 | 491 sq. ft. |
| 1 Bed | $2,637 | 712 sq. ft. |
| 2 Beds | n/a | n/a |
| 3 Beds | n/a | n/a |
Pioneer Square, Seattle, WA rent trends
Rental prices in Pioneer Square, Seattle, WA have increased by 2.33% over the past year. The average rent moved from $2,494 to $2,552.
What's the typical rent budget in Pioneer Square, Seattle, WA?
The largest share of rentals in Pioneer Square, Seattle, WA (35%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Pioneer Square, Seattle, WA?
2,497 or 92% of the households in Pioneer Square, Seattle, WA are renter-occupied while 226 or 8% are owner-occupied.
Most affordable neighborhoods in Pioneer Square?
Mount Baker $1,330/month
Loyal Heights $1,510/month
Victory Heights $1,548/month
All of these neighborhoods fall below the city wide average of $2,238/month.Most expensive neighborhoods in Pioneer Square?
Ravenna $2,755/month
Belltown $2,823/month
Seattle Central Business District $3,114/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 | $3,114 |
| Belltown | $2,823 |
| Ravenna | $2,755 |
| South Lake Union | $2,717 |
| Central Waterfront | $2,692 |
| Pike Market | $2,681 |
| Westlake | $2,618 |
| Pioneer Square | $2,528 |
| Green Lake | $2,508 |
| Crown Hill | $2,464 |
| East Queen Anne | $2,463 |
| Wallingford | $2,418 |
| Genesee | $2,362 |
| Columbia City | $2,293 |
| First Hill | $2,283 |
| Hillwood | $2,263 |
| South Delridge | $2,258 |
| Madison Park | $2,251 |
| Lower Queen Anne | $2,250 |
| North Admiral | $2,245 |
| Fremont | $2,245 |
| Atlantic | $2,185 |
| West Queen Anne | $2,182 |
| North City | $2,175 |
| Ballard | $2,172 |
| North Queen Anne | $2,159 |
| North Delridge | $2,148 |
| Parkwood | $2,148 |
| West Woodland | $2,148 |
| Yesler Terrace | $2,126 |
| Fairmount Park | $2,115 |
| Meridian Park | $2,111 |
| Minor | $2,099 |
| Broadway | $2,079 |
| Stevens | $2,075 |
| Eastlake | $2,071 |
| University District | $2,067 |
| Roxhill | $2,051 |
| Greenwood | $2,047 |
| Junction | $2,045 |
| Roosevelt | $2,044 |
| Maple Leaf | $2,044 |
| Echo Lake | $2,043 |
| Haller Lake | $2,033 |
| High Point | $1,951 |
| Interbay | $1,949 |
| Portage Bay | $1,947 |
| Richmond Highlands | $1,917 |
| Whittier Heights | $1,894 |
| Pinehurst | $1,889 |
| North Beacon Hill | $1,869 |
| North College Park | $1,859 |
| Mann | $1,845 |
| Brighton | $1,814 |
| Central Des Moines | $1,801 |
| International District | $1,776 |
| Broadview | $1,754 |
| Olympic Hills | $1,751 |
| Cedar Park | $1,721 |
| Bitter Lake | $1,683 |
| South Des Moines | $1,666 |
| Ballinger | $1,641 |
| Wedgwood | $1,569 |
| Victory Heights | $1,548 |
| Loyal Heights | $1,510 |
| Mount Baker | $1,330 |
Seattle | Rent Comparison by Neighborhood
Rent in Pioneer Square is 16% higher than in Atlantic
Pioneer Square rent is 1% lower than Seattle average
Atlantic rent is 14% lower 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 Pioneer Square 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.