Knox
16200 Admiralty Way,
Lynnwood, WA 98087
Studio - 3 Beds | $1,799 - $2,812
Rental Market Trends in Lynnwood, WA
What is the average rent in Lynnwood, WA?
$1,747/month
Average Rent
700 Sq Ft
Average Apartment Size
-3.6%
Decrease in the Last Year
As of July 2025, the average rent in Lynnwood, WA is $1,747 per month. For comparison, the national average rent price in the US is currently $1,637/month, which means Lynnwood rent prices are 7% higher than the national average. When you rent an apartment in Lynnwood, you can expect to pay about $1,692 per month for a studio, $1,747 for a one-bedroom apartment, and around $2,157 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,755 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lynnwood, WA?
In the past year, rent has decreased by 3.6%, which averages out to $62 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Lynnwood, WA
Last Updated July 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
7%
$700 - $1,000/month
17%
$1,001 - $1,500/month
36%
$1,501 - $2,000/month
39%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lynnwood?
Based on current rent prices, Picnic Point-North Lynnwood, Martha Lake and Alderwood Manor are the most affordable neighborhoods in Lynnwood.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lynnwood?
Based on current rent prices, Alderwood Manor, Martha Lake and Picnic Point-North Lynnwood are the most expensive neighborhoods in Lynnwood.
Neighborhood
Average Rent
Average Sq Ft
Which Lynnwood neighborhoods have the most rentals available?
The neighborhoods in Lynnwood with the most apartments available are Alderwood Manor, Picnic Point-North Lynnwood and Martha Lake .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lynnwood, WA?
Because the average rent in Lynnwood is $1,747, you’ll want to make about $5,823 per month or $69,876 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lynnwood, WA compare to other nearby cities and neighborhoods?
Use the tool below to compare Lynnwood, WA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,768/month
$1,252/month
One Bedroom
$1,834/month
$1,731/month
Two Bedroom
$2,219/month
$1,959/month
Three Bedroom
$2,749/month
$1,984/month
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.