Spokane Valley, WA Rental Market Trends

Highlights

The average rent for an apartment in Spokane Valley is $892, a 1% increase compared to the previous year, when the average rent was $884.

Studio apartments in Spokane Valley rent for $674 a month, while 1-bedroom apartments ask on average $784 a month; the average rent for a 2-bedroom apartment is $915.

Average Rent in Spokane Valley, WA

Last updated Aug 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $892 $674 $784 $915 $1,189
Y-o-Y Change 1% 2% 3% n/a 2%
Average Apartment Size 888 sq. ft. 550 sq. ft. 720 sq. ft. 969 sq. ft. 1,223 sq. ft.

The average size for a Spokane Valley apartment is 888 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: 720. 2-bedroom apartments in Spokane Valley have an average size of 969 sq. ft.

Spokane Valley, WA Apartment Rent Ranges

  • $501-$70072%
  • $701-$1,00028%

Spokane Valley, WA Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Aug / 2018 $892 $674 $784 $915 $1,189
Jan / 2018 $891 $674 $784 $915 $1,189
Sept / 2017 $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
$1,184
Edgecliff
$990
Central Valley
$953
Greenacres
$917
Early Dawn
$904
Progress
$904
Trentwood
$898
Blake
$896
Industrial Park
$896
Terrace View
$896
Belle Terre
$887
Centennial
$880
Felts
$880
Chester - Pines
$869
Mirabeau Park
$869
Opportunity
$869
Northwood
$859
Dishman
$844
Millwood
$844
Montgomery
$844
Mission Park
$836
Painted Hills
$836
Ponderosa
$836
/
/

The most affordable neighborhoods in Spokane Valley are Mission Park, where the average rent goes for $836/month, Painted Hills, where renters pay $836/mo on average, and Ponderosa, where the average rent goes for $836/mo. If you’re looking for other great deals, check out the listings from Dishman ($844), Millwood ($844), and Montgomery ($844), where the asking prices are below the average Spokane Valley rent of $892/mo.

The most expensive neighborhoods in Spokane Valley are Central Valley ($953), Edgecliff ($990) and Saltese ($1,184).

Spokane Valley | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Belle Terre is 1% lower than in Blake

$887

Belle Terre rent is 1% lower than Spokane Valley average

All rentals $887
Studio $708
1 Bed $768
2 Beds $911
3 Beds $1,197
$896

Blake rent is 1% higher than Spokane Valley average

All rentals $896
Studio $655
1 Bed $799
2 Beds $903
3 Beds $1,233

How Does Spokane Valley Compare to Nearby Cities

Average Rent Y-o-Y Change
Spokane $916 5%
Spokane Valley $892 1%
Cheney $982 7%
Country Homes $854 5%
Airway Heights $954 9%
Fairwood $854 5%
Liberty Lake $1,143 4%
Chattaroy $1,079 18%
Colbert $879 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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