Spokane Valley, WA Rental Market Trends
Highlights
The average rent for an apartment in Spokane Valley is $1,009, a 5% increase compared to the previous year, when the average rent was $962.
Average Rent in Spokane Valley, WA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,009 | 5% | 885 sq. ft. |
The average size for a Spokane Valley, WA apartment is 885 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Spokane Valley, WA Apartment Rent Ranges
- $501-$7005%
- $701-$1,00047%
- $1,001-$1,50046%
- $1,501-$2,0002%
Spokane Valley, WA Occupied Housing Units
- Renter-occupied Households38%
- Owner-occupied Households61%
15,357 or 38% of the households in Spokane Valley, WA are renter-occupied while 24,772 or 61% are owner-occupied.
Spokane Valley, WA Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Spokane Valley, WA | $853 | $884 | $887 | $891 | $892 | $947 | $962 | $987 | $1,002 | $1,009 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Spokane Valley, WA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Ponderosa | $961 |
| Painted Hills | $961 |
| Mission Park | $961 |
| Montgomery | $965 |
| Millwood | $965 |
| Dishman | $965 |
| Northwood | $976 |
| Opportunity | $983 |
| Mirabeau Park | $983 |
| Chester - Pines | $983 |
| Felts | $984 |
| Centennial | $984 |
| Terrace View | $1,000 |
| Industrial Park | $1,000 |
| Blake | $1,000 |
| Trentwood | $1,001 |
| Progress | $1,015 |
| Early Dawn | $1,015 |
| Belle Terre | $1,019 |
| Greenacres | $1,029 |
| Central Valley | $1,081 |
| Edgecliff | $1,095 |
| Saltese | $1,232 |
The most affordable neighborhoods in Spokane Valley are Mission Park, where the average rent goes for $961/month, Painted Hills, where renters pay $961/mo on average, and Ponderosa, where the average rent goes for $961/mo. If you’re looking for other great deals, check out the listings from Dishman ($965), Millwood ($965), and Montgomery ($965), where the asking prices are below the average Spokane Valley rent of $1,009/mo.
The most expensive neighborhoods in Spokane Valley are Central Valley ($1,081), Edgecliff ($1,095) and Saltese ($1,232).
The most popular neighborhood in Spokane Valley is Central Valley, where there are 5 verified RENTCafé listings with an average rent of $1,081. Next up is Mirabeau Park, where apartments go for $983/month, followed by Dishman with $965 If you’re looking to rent in Spokane Valley’s most popular neighborhoods, make sure to also check out Mission Park, where renters pay $961 on average, and Northwood, where the average monthly rent is $976.
Spokane Valley | Rent Comparison by Neighborhood
Rent in Belle Terre is 2% higher than in Blake
Belle Terre rent is 1% higher than Spokane Valley average
| Average Rent | $1,019 |
|---|
Blake rent is 1% lower than Spokane Valley average
| Average Rent | $1,000 |
|---|
How Spokane Valley Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Seattle | $2,169 | 6% |
| Tacoma | $1,362 | 6% |
| Everett | $1,477 | 6% |
| Kent | $1,546 | 7% |
| Vancouver | $1,337 | 4% |
| Spokane | $1,026 | 5% |
| Spokane Valley | $1,009 | 5% |
| Post Falls | $1,059 | 8% |
| Cheney | $1,052 | 5% |
| Fairwood | $957 | 5% |
| Coeur d'Alene | $1,068 | 7% |
For more information about the Spokane Valley rental trends, check out our monthly rent report
Check out Washington Cities, Washington Neighborhoods and Washington Zip Codes for more details on verified listings, including the Washington Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!