Tacoma, WA Rental Market Trends
Highlights
The average rent for an apartment in Tacoma is $1,419, a 5% increase compared to the previous year.
Average Rent in Tacoma, WA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,419 | 5% | 833 sq. ft. |
The average size for a Tacoma, WA apartment is 833 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.
Tacoma, WA Apartment Rent Ranges
- $501-$7001%
- $701-$1,0009%
- $1,001-$1,50057%
- $1,501-$2,00028%
- > $2,0005%
Tacoma, WA Occupied Housing Units
- Renter-occupied Households42%
- Owner-occupied Households57%
35,442 or 42% of the households in Tacoma, WA are renter-occupied while 48,246 or 57% are owner-occupied.
Tacoma, WA Rent Trends
| Average Rent | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jan / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tacoma, WA | $1,189 | $1,200 | $1,227 | $1,266 | $1,282 | $1,306 | $1,350 | $1,363 | $1,365 | $1,402 | $1,419 |
| National | $1,309 | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 | $1,392 |
Average Rent in Tacoma, WA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| North East Tacoma | $1,761 |
| North End Tacoma | $1,652 |
| West End Tacoma | $1,545 |
| New Tacoma | $1,474 |
| Fife | $1,442 |
| Colgate Park | $1,388 |
| Fircrest | $1,388 |
| Johnson Estates | $1,388 |
| Kelso | $1,388 |
| Montane | $1,388 |
| Sunset South | $1,388 |
| The Boulders | $1,388 |
| South Tacoma | $1,364 |
| South End Tacoma | $1,301 |
| Central Tacoma | $1,137 |
| Eastside Tacoma | $1,029 |
The most affordable neighborhoods in Tacoma are Eastside Tacoma, where the average rent goes for $1,029/month, Central Tacoma, where renters pay $1,137/mo on average, and South End Tacoma, where the average rent goes for $1,301/mo. If you’re looking for other great deals, check out the listings from South Tacoma ($1,364), Colgate Park ($1,388), and Fircrest ($1,388), where the asking prices are below the average Tacoma rent of $1,419/mo.
The most expensive neighborhoods in Tacoma are West End Tacoma ($1,545), North End Tacoma ($1,652) and North East Tacoma ($1,761).
The most popular neighborhood in Tacoma is New Tacoma, where there are 8 verified RENTCafé listings with an average rent of $1,474. Next up is Fife, where apartments go for $1,442/month, followed by South Tacoma with $1,364 If you’re looking to rent in Tacoma’s most popular neighborhoods, make sure to also check out The Boulders, where renters pay $1,388 on average, and South End Tacoma, where the average monthly rent is $1,301.
Tacoma | Rent Comparison by Neighborhood
Rent in Central Tacoma is 18% lower than in Colgate Park
Central Tacoma rent is 20% lower than Tacoma average
| Average Rent | $1,137 |
|---|
Colgate Park rent is 2% lower than Tacoma average
| Average Rent | $1,388 |
|---|
How Tacoma Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Seattle | $1,928 | -11% |
| Everett | $1,454 | -1% |
| Kent | $1,529 | -1% |
| Tacoma | $1,419 | 5% |
| Vancouver | $1,385 | 4% |
| Renton | $1,753 | 1% |
| Bellevue | $2,130 | -8% |
| Federal Way | $1,509 | 2% |
| Puyallup | $1,594 | 4% |
| Lakewood | $1,285 | 6% |
| Fife | $1,442 | 6% |
For more information about the Tacoma 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!