20 Apartments under 1200 for rent in Lynnwood, WA

Last updated May 20 at 7:23pm UTC
4709 176th St SW #C8
Lynnwood
Lynnwood, WA
Updated May 1 at 10:31am UTC
1 Bedroom
$1,195
Results within 1 miles of Lynnwood, WA
Results within 5 miles of Lynnwood, WA
19921 19th Ave NE
Ballinger
Shoreline, WA
Updated May 20 at 11:35am UTC
1 Bedroom
$1,095
1225 N 178th St
Meridian Park
Shoreline, WA
Updated May 13 at 5:36pm UTC
1 Bedroom
$1,095
628 128th St SW
Everett
Everett, WA
Updated April 28 at 1:55am UTC
Studio
$1,120
Results within 10 miles of Lynnwood, WA
Luna
6921 Roosevelt Way Northeast
Seattle, WA
Updated May 20 at 7:00pm UTC
Studio
$1,155
4730 20th Ave NE
University District
Seattle, WA
Updated May 20 at 5:45pm UTC
Studio
$1,000
4754 18th Ave NE
University District
Seattle, WA
Updated May 20 at 10:53am UTC
Studio
$950
4742 20th Ave NE
University District
Seattle, WA
Updated May 10 at 3:06am UTC
Studio
$950
12012 38th ave NE
Cedar Heights
Seattle, WA
Updated May 3 at 10:07am UTC
1 Bedroom
$900
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May 2018 Lynnwood Rent Report

Welcome to the May 2018 Lynnwood Rent Report. Lynnwood rents increased over the past month. In this report, we'll evaluate trends in the Lynnwood rental market, including comparisons to cities throughout the metro, state, and nation.

View full Lynnwood Rent Report
Rent Report
Lynnwood

May 2018 Lynnwood Rent Report

Welcome to the May 2018 Lynnwood Rent Report. Lynnwood rents increased over the past month. In this report, we'll evaluate trends in the Lynnwood rental market, including comparisons to cities throughout the metro, state, and nation.

Lynnwood rents increase sharply over the past month

Lynnwood rents have increased 0.6% over the past month, and have increased significantly by 5.7% in comparison to the same time last year. Currently, median rents in Lynnwood stand at $1,520 for a one-bedroom apartment and $1,890 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in February. Lynnwood's year-over-year rent growth leads the state average of 2.2%, as well as the national average of 1.5%.

Rents rising across the Seattle Metro

Throughout the past year, rent increases have been occurring not just in the city of Lynnwood, but across the entire metro. Of the largest 10 cities that we have data for in the Seattle metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Federal Way has seen the fastest rent growth in the metro, with a year-over-year increase of 6.8%. The median two-bedroom there costs $1,720, while one-bedrooms go for $1,380.
  • Over the past month, Seattle proper has seen the biggest rent drop in the metro, with a decline of 0.2%. Median two-bedrooms there cost $1,650, while one-bedrooms go for $1,320.
  • Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,300; rents grew 0.5% over the past month and 0.7% over the past year.
  • Lakewood has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,400; rents rose 4.8% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to Lynnwood

As rents have increased significantly in Lynnwood, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Lynnwood is less affordable for renters.

  • Rents increased moderately in other cities across the state, with Washington as a whole logging rent growth of 2.2% over the past year. For example, rents have grown by 3.9% in Vancouver and 2.6% in Spokane.
  • Lynnwood's median two-bedroom rent of $1,890 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 5.7% increase in Lynnwood.
  • While Lynnwood's rents rose significantly over the past year, the city of DC saw a decrease of 0.2%.
  • Renters will generally find more expensive prices in Lynnwood than most large cities. For example, Spokane has a median 2BR rent of $890, where Lynnwood is more than twice that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Seattle $1,320 $1,650 -0.2% 0.2%
Tacoma $1,240 $1,540 0.1% 4.0%
Bellevue $1,850 $2,300 0.5% 0.7%
Everett $1,310 $1,630 0.6% 2.4%
Kent $1,430 $1,780 0.6% 4.3%
Renton $1,630 $2,030 0.7% 2.3%
Federal Way $1,380 $1,720 0.6% 6.8%
Auburn $1,320 $1,640 0.0% 3.0%
Marysville $1,370 $1,700 -0.0% 1.7%
Lakewood $1,130 $1,400 0.4% 4.8%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.