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Welcome to the Apartment List May 2026 Rent Report for Lynnwood, WA. Currently, the overall median rent in the city stands at $1,729, roughly the same as last month. Prices are now down 1.9% year-over-year. Read on to learn more about what’s been happening in the Lynnwood rental market and how it compares to trends throughout the broader Seattle metro area and the nation as a whole.