Spokane, WA Rental Market
Spokane is Washington's second-largest city and the economic hub of the Inland Northwest, anchored by Gonzaga University, Washington State University's medical school, a growing healthcare sector at Providence Health and MultiCare, and steady in-migration from Western Washington residents seeking dramatically lower housing costs. Its position as the cultural and commercial center for a four-state region spanning Eastern Washington, northern Idaho, western Montana, and northeastern Oregon gives Spokane a broader economic catchment than its population might suggest.
Get a rent estimate for an address in SpokaneAverage Rent in Spokane, WA
$1,250
per month · 2026-06
Market Score
Key Facts — Spokane, WA Rental Market
- Average rent in Spokane, WA:$1,250/mo
- Median rent:$1,150/mo
- Rent range:$625 – $2,750/mo
- Most common rental (2 bedrooms):$1,100/mo
- Active listings:1,400
- Avg days to lease:30 days
- Year-over-year change:+3.5%
- Median home value:$260,000
- Est. gross annual yield:5.8%
- Data as of:2026-06
Rent by Bedroom in Spokane, WA
Average monthly rent for each bedroom type based on current active listings in Spokane.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $900/mo |
2 Bedrooms | $1,100/mo |
3 Bedrooms | $1,400/mo |
4 Bedrooms | $1,725/mo |
5 Bedrooms | $1,975/mo |
Spokane Rental Market Statistics
Key indicators from the current Spokane, WA rental market.
1,400
Available now in Spokane
30
From list to lease
$0.96
Average across listings
1,300 sq ft
Typical rental size
$625 – $2,750
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Spokane, WA Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$260,000
Typical purchase price in Spokane
Est. Gross Annual Yield
5.8%
Before expenses & vacancy
Avg Monthly Income
$1,250
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 Spokane for a full cash-flow breakdown including all costs.
Spokane, WA Rental Market FAQ
Common questions about renting and investing in Spokane, WA.
What is the average rent in Spokane, WA?
The average rent in Spokane, WA is $1,250 per month as of 2026 — significantly more affordable than Western Washington markets. One-bedroom apartments average $900/mo, two-bedrooms average $1,100/mo, and three-bedroom homes average $1,400/mo. Neighborhoods near Gonzaga University, South Hill, and the Perry District command the most consistent demand and slightly higher rents.
Is Spokane, WA a good place to invest in rental property?
Spokane offers a 5.8% estimated gross yield on a $260,000 median home value — one of the better yield profiles in the Pacific Northwest. Gonzaga University, WSU Medical School, and a growing healthcare cluster create a multi-layered tenant base. The ongoing influx of cost refugees from Seattle and the Bay Area has pushed rents and values higher, and 3.5% year-over-year rent growth reflects that sustained demand pressure.
How competitive is the Spokane, WA rental market?
Spokane has approximately 1,400 active listings and averages 30 days on market — a moderately competitive pace for its size. South Hill and neighborhoods near Gonzaga University move fastest, particularly ahead of the academic year. The Perry District and Browne's Addition have seen accelerating demand from young professionals and remote workers, reflecting a broader gentrification of Spokane's urban core.
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