Average Rent in Spokane, WA↓ Rents falling 2.4% YoY

Spokane, WA has rental prices ranging from $1,116/month to $2,497/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,173/month — 16% below the national average of $1,400/month. With a median household income of $72,836/year, spending $1,173/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Spokane Compares

With an average 2-bedroom rent of $1,494/month, Spokane ranks #13 most expensive of the 36 cities tracked in Washington — pricier than 88% of all US cities in our data.

The Spokane Rental Market

The Spokane, WA area has a population of about 591,793 and 35% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Spokane, WA have fallen by $37/month (2.4%) over the past year, from $1,531 to $1,494. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Spokane, WA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $46,920. The local median household income of $72,836 exceeds that threshold by $25,916, making Spokane relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Spokane, WA is $392,803, giving a price-to-rent ratio of 21.9. With a break-even horizon of approximately 22 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 Spokane's neighborhoods. Among the highest-value areas are Chief Garry Park ($266,664 median home value), Hillyard ($268,149 median home value), Bemiss ($274,368 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Spokane, WA Affordable?

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

Rent or Buy in Spokane?

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

Living in Spokane

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