RentData

Average Rent in Wenatchee, WA↓ Rents falling 2.2% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 123,251

Data review: HUD FY2027Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Wenatchee, WA has rental prices ranging from $1,048/month to $2,452/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,121/month — 20% below the national average of $1,400/month. With a median household income of $79,007/year, spending $1,121/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Wenatchee Compares

With an average 2-bedroom rent of $1,467/month, Wenatchee ranks #15 most expensive of the 36 cities tracked in Washington — pricier than 88% of all US cities in our data.

The Wenatchee Rental Market

The Wenatchee, WA area has a population of about 123,251 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 Wenatchee, WA have fallen by $33/month (2.2%) over the past year, from $1,500 to $1,467. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Wenatchee, WA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $44,840. The local median household income of $79,007 exceeds that threshold by $34,167, making Wenatchee relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Wenatchee, WA is $490,972, giving a price-to-rent ratio of 27.9. With a break-even horizon of approximately 28 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2027
Studio
$1,048
Affordable
1 Bedroom
$1,121
Affordable
2 Bedrooms
$1,467
↓2.2% YoY
Affordable
3 Bedrooms
$1,989
Average
4 Bedrooms
$2,452
Average
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Median Home Value
$490,972
Source: Zillow ZHVI
Est. monthly payment
$2,613/mo
20% down · 30yr · 7%

Is Wenatchee, WA Affordable?

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

Affordability Index(30% income rule)

To rent a 2BR
$58,680/year
Local median income: $79,007
To buy a median home
$104,526/year
US national median: $75,000
💡 Based on a 2BR rent of $1,467/month and 20% down on a $490,972 home at 7% rate.

Nearby Cities in WAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Tacoma$1,491$1,682$2,064$2,849—
Seattle$2,091$2,180$2,549$3,324—
Spokane$1,116$1,173$1,494$2,047—
Kennewick$1,094$1,230$1,487$2,051—
Olympia$1,586$1,656$1,946$2,541—
Bremerton$1,370$1,535$1,967$2,637—

Rent or Buy in Wenatchee?

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

Should I Rent or Buy?

Break-even analysis using real Wenatchee data

$
Home Value
$490,972
2BR Rent
$1,467/mo
Mortgage Rate
7%
Monthly P&I
$2,613/mo
🏠 Buy

Buying breaks even after 3 years — worth it if you stay 3+ years.

Total monthly buy cost: $3,616/movs rent: $1,467/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $490,972 home at 7% rate

20% — $98,194
3%50%
Estimated Monthly Payment
$2,613
per month · 30 years · 7% APR
Loan Amount
$392,778
Total Paid
$940,737
Total Interest
$547,959
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Wenatchee

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Frequently Asked Questions

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🏘️Neighborhoods in Wenatchee

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Wenatchee

Is it cheaper to rent or buy here?

💵Rent Affordability in Wenatchee

Salary needed to afford rent here

🗺️All Cities in WA

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⚖️Compare Wenatchee

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📋WA Tenant Rights

Deposit limits, eviction laws & renters protections