Bellevue, WA Rental Market
Bellevue is the eastside tech powerhouse of the Puget Sound region, home to Microsoft's sprawling corporate campus in Redmond adjacent to the city, Amazon's major Bellevue expansion hub, and a dense ecosystem of global tech companies including Expedia, T-Mobile, and Valve. The combination of a top-ranked school system, luxury retail and dining at The Bravern and Bellevue Square, and Link light rail connectivity to Seattle has made Bellevue the preferred residential market for the highest-earning tech professionals in the region.
Get a rent estimate for an address in BellevueAverage Rent in Bellevue, WA
$2,650
per month · 2026-06
Market Score
Key Facts — Bellevue, WA Rental Market
- Average rent in Bellevue, WA:$2,650/mo
- Median rent:$2,438/mo
- Rent range:$1,325 – $5,850/mo
- Most common rental (2 bedrooms):$2,325/mo
- Active listings:1,200
- Avg days to lease:23 days
- Year-over-year change:+3.8%
- Median home value:$900,000
- Est. gross annual yield:3.5%
- Data as of:2026-06
Rent by Bedroom in Bellevue, WA
Average monthly rent for each bedroom type based on current active listings in Bellevue.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,900/mo |
2 Bedrooms | $2,325/mo |
3 Bedrooms | $2,975/mo |
4 Bedrooms | $3,650/mo |
5 Bedrooms | $4,175/mo |
Bellevue Rental Market Statistics
Key indicators from the current Bellevue, WA rental market.
1,200
Available now in Bellevue
23
From list to lease
$1.89
Average across listings
1,400 sq ft
Typical rental size
$1,325 – $5,850
Min to max active listings
+3.8%
Avg rent vs. prior year
Investing in Bellevue, WA Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$900,000
Typical purchase price in Bellevue
Est. Gross Annual Yield
3.5%
Before expenses & vacancy
Avg Monthly Income
$2,650
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Bellevue for a full cash-flow breakdown including all costs.
Bellevue, WA Rental Market FAQ
Common questions about renting and investing in Bellevue, WA.
What is the average rent in Bellevue, WA?
The average rent in Bellevue, WA is $2,650 per month as of 2026 — the highest in our Washington coverage. One-bedroom apartments average $1,900/mo, two-bedrooms average $2,325/mo, and three-bedroom homes average $2,975/mo. Downtown Bellevue, West Bellevue (Medina-adjacent), and the Spring District near the new East Link light rail station command the highest rents, with luxury towers routinely asking $3,500–$5,500/mo.
Is Bellevue, WA a good place to invest in rental property?
Bellevue's 3.5% estimated gross yield is the lowest in our Washington coverage, reflecting a $900,000 median home value. However, the city's exceptional tenant quality — primarily senior-level tech employees at Microsoft, Amazon, and Expedia — minimizes credit risk and results in very long average lease terms. Strong 3.8% rent growth and structural supply constraints in a landlocked, high-demand market support long-term capital appreciation.
How competitive is the Bellevue, WA rental market?
Bellevue is the most competitive rental market in our Washington coverage, averaging just 23 days on market across 1,200 active listings. The East Link light rail opening has accelerated demand in the Spring District and downtown Bellevue, as transit-oriented tenants arrive in greater numbers. Luxury towers and high-quality single-family rentals near Bellevue School District attendance zones routinely receive multiple applications within days of listing.
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