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
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
Average Rent | |||||
---|---|---|---|---|---|
Neighborhood | All rentals | Studio | 1 Bed | 2 Beds | 3 Beds |
Ponderosa | $809 | $582 | $699 | $854 | $1,132 |
Painted Hills | $809 | $582 | $699 | $854 | $1,132 |
Mission Park | $809 | $582 | $699 | $854 | $1,132 |
Montgomery | $820 | $569 | $708 | $872 | $1,133 |
Millwood | $820 | $569 | $708 | $872 | $1,133 |
Dishman | $820 | $569 | $708 | $872 | $1,133 |
Northwood | $847 | $582 | $741 | $894 | $1,110 |
Belle Terre | $863 | $684 | $744 | $891 | $1,177 |
Opportunity | $865 | $594 | $761 | $892 | $1,191 |
Mirabeau Park | $865 | $594 | $761 | $892 | $1,191 |
Chester - Pines | $865 | $594 | $761 | $892 | $1,191 |
Felts | $876 | $548 | $767 | $960 | $1,137 |
Centennial | $876 | $548 | $767 | $960 | $1,137 |
Progress | $908 | $637 | $804 | $917 | $1,192 |
Early Dawn | $908 | $637 | $804 | $917 | $1,192 |
Terrace View | $911 | $637 | $814 | $922 | $1,225 |
Industrial Park | $911 | $637 | $814 | $922 | $1,225 |
Blake | $911 | $637 | $814 | $922 | $1,225 |
Trentwood | $914 | $649 | $821 | $931 | $1,184 |
Greenacres | $930 | $779 | $829 | $940 | $1,261 |
Central Valley | $936 | $838 | $815 | $942 | $1,206 |
Edgecliff | $953 | $801 | $861 | $994 | $1,161 |
Saltese | $1,176 | $838 | $1,070 | $1,326 | $1,550 |
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
Rent in Belle Terre is 5% lower than in Blake
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 |
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
- Meadow Ridge
- Somerset Meadows
- The Villages on 4th & Sullivan
- Sullivan Court Apartments
- Mirabolante Apartments
- Parkside at Mirabeau
- The Reserve At Shelley Lake Apartments
- Montgomery Court
- Appleway Terrace
- River House Apartments
- Northwood Ridge Apartments
- Whimsical Pig
- Pine Valley Ranch Phase I
- Village on Broadway