Spokane Valley, WA Rental Market Trends

Highlights

The average rent for an apartment in Spokane Valley is $887, a 8% increase compared to the previous year, when the average rent was $821.

Studio apartments in Spokane Valley rent for $647 a month, while 1-bedroom apartments ask on average $781 a month; the average rent for a 2-bedroom apartment is $914.

Average Rent in Spokane Valley, WA

Last updated Apr 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $887 $647 $781 $914 $1,179
Y-o-Y Change 8% 21% 10% 7% 9%
Average Apartment Size 886 sq. ft. 550 sq. ft. 717 sq. ft. 969 sq. ft. 1,223 sq. ft.

The average size for a Spokane Valley apartment is 886 square feet, but this number varies greatly depending on apartment type. A studio averages 550 sq. ft., while a one-bedroom apartment offers a more generous square footage: 717. 2-bedroom apartments in Spokane Valley have an average size of 969 sq. ft.

Spokane Valley, WA Apartment Rent Ranges

  • $501-$70016%
  • $701-$1,00061%
  • $1,001-$1,50022%
  • $1,501-$2,0001%

Spokane Valley, WA Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Apr / 2018 $887 $647 $781 $914 $1,179
May / 2017 $884 $663 $763 $919 $1,167
Jan / 2017 $853 $625 $744 $885 $1,120
Sept / 2016 $821 $534 $710 $853 $1,086
May / 2016 $824 $525 $709 $856 $1,102
Jan / 2016 $797 $524 $684 $832 $1,053
Sept / 2015 $774 $519 $681 $797 $1,026
May / 2015 $765 $507 $664 $794 $1,007
/

Average Rent in Spokane Valley, WA By Neighborhood

Saltese
$1,176
Edgecliff
$953
Central Valley
$936
Greenacres
$930
Trentwood
$914
Blake
$911
Industrial Park
$911
Terrace View
$911
Early Dawn
$908
Progress
$908
Centennial
$876
Felts
$876
Chester - Pines
$865
Mirabeau Park
$865
Opportunity
$865
Belle Terre
$863
Northwood
$847
Dishman
$820
Millwood
$820
Montgomery
$820
Mission Park
$809
Painted Hills
$809
Ponderosa
$809
/
/

The most affordable neighborhoods in Spokane Valley are Mission Park, where the average rent goes for $809/month, Painted Hills, where renters pay $809/mo on average, and Ponderosa, where the average rent goes for $809/mo. If you’re looking for other great deals, check out the listings from Dishman ($820), Millwood ($820), and Montgomery ($820), where the asking prices are below the average Spokane Valley rent of $887/mo.

The most expensive neighborhoods in Spokane Valley are Central Valley ($936), Edgecliff ($953) and Saltese ($1,176).

Spokane Valley | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Belle Terre is 5% lower than in Blake

$863

Belle Terre rent is 3% lower than Spokane Valley average

All rentals $863
Studio $684
1 Bed $744
2 Beds $891
3 Beds $1,177
$911

Blake rent is 3% higher than Spokane Valley average

All rentals $911
Studio $637
1 Bed $814
2 Beds $922
3 Beds $1,225

How Does Spokane Valley Compare to Nearby Cities

Average Rent Y-o-Y Change
Spokane $902 5%
Spokane Valley $887 8%
Cheney $957 6%
Country Homes $844 4%
Airway Heights $937 7%
Fairwood $844 4%
Chattaroy $1,054 14%
Colbert $871 5%

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

Cheapest Listings on RENTCafé

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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 Spokane Valley 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.

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