Average Rent in Mount Vernon, WA↓ Rents falling 3.0% YoY

Mount Vernon, WA has rental prices ranging from $1,162/month to $2,578/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,275/month — 9% below the national average of $1,400/month. With a median household income of $85,474/year, spending $1,275/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Mount Vernon Compares

With an average 2-bedroom rent of $1,668/month, Mount Vernon ranks #8 most expensive of the 36 cities tracked in Washington — pricier than 93% of all US cities in our data.

The Mount Vernon Rental Market

The Mount Vernon, WA area has a population of about 130,407 and 29% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Mount Vernon, WA have fallen by $52/month (3.0%) over the past year, from $1,720 to $1,668. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Mount Vernon, WA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $51,000. The local median household income of $85,474 exceeds that threshold by $34,474, making Mount Vernon relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Mount Vernon, WA is $582,462, giving a price-to-rent ratio of 29.1. With a break-even horizon of approximately 29 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Mount Vernon's neighborhoods. Among the highest-value areas are West Hill ($473,111 median home value). Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Mount Vernon, WA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Mount Vernon?

Break-even analysis and mortgage estimates based on local market data.

Living in Mount Vernon

Cost of living, job market, crime rates, and moving cost estimates.