52 Luxury Apartments for rent in Tacoma, WA

Last updated November 18 at 10:11pm UTC
525 Broadway #208
New Tacoma
Tacoma, WA
Updated November 16 at 12:10pm UTC
2 Bedrooms
$1,595
1111 N. K St. #205
North End
Tacoma, WA
Updated November 16 at 12:00pm UTC
2 Bedrooms
$1,500
3502 N 7th St
North End
Tacoma, WA
Updated November 16 at 11:42am UTC
3 Bedrooms
$1,950
1513 N Oakes St
North End
Tacoma, WA
Updated November 16 at 12:26pm UTC
3 Bedrooms
$1,550
821 E 57th St
Eastside
Tacoma, WA
Updated November 9 at 12:14pm UTC
2 Bedrooms
$1,400
5428 S Warner St
South Tacoma
Tacoma, WA
Updated November 16 at 12:03pm UTC
3 Bedrooms
$1,695
6723 24th St. N.E.
Northeast Tacoma
Tacoma, WA
Updated November 16 at 12:05pm UTC
3 Bedrooms
$1,495
1515 Dock St. Unit 602
New Tacoma
Tacoma, WA
Updated November 18 at 11:27am UTC
1 Bedroom
$1,575
3102 45th Ave Ne
Northeast Tacoma
Tacoma, WA
Updated November 18 at 11:29am UTC
4 Bedrooms
$2,000
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November 2017 Tacoma Rent Report

Welcome to the November 2017 Tacoma Rent Report. In this report, we'll evaluate trends in the Tacoma rental market, including comparisons to cities throughout the metro, state, and nation.

View full Tacoma Rent Report
Rent Report
Tacoma

November 2017 Tacoma Rent Report

Welcome to the November 2017 Tacoma Rent Report. In this report, we'll evaluate trends in the Tacoma rental market, including comparisons to cities throughout the metro, state, and nation.

Tacoma rents declined marginally over the past month

Tacoma rents have declined 0.2% over the past month, but are up significantly by 5.3% in comparison to the same time last year. Currently, median rents in Tacoma stand at $1,230 for a one-bedroom apartment and $1,530 for a two-bedroom. Tacoma's year-over-year rent growth leads the state average of 4.5%, as well as the national average of 2.7%.

Rents rising across the Seattle Metro

Throughout the past year, rent increases have been occurring not just in the city of Tacoma, 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.

  • Puyallup has seen the fastest rent growth in the metro, with a year-over-year increase of 14.3%. The median two-bedroom there costs $1,860, while one-bedrooms go for $1,490.
  • Over the past month, Redmond has seen the biggest rent drop in the metro, with a decline of 3.2%. Median two-bedrooms there cost $2,170, while one-bedrooms go for $1,740.
  • Tacoma has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,530; rents fell 0.2% over the past month but rose 5.3% over the past year.
  • Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,290; rents decreased 1.5% over the past month but were up 3.4% over the past year.

Many large cities nationwide show more affordable rents compared to Tacoma

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

  • Rents increased significantly in other cities across the state, with Washington as a whole logging rent growth of 4.5% over the past year. For example, rents have grown by 6.8% in Vancouver and 4.7% in Spokane.
  • Tacoma's median two-bedroom rent of $1,530 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 5.3% rise in Tacoma.
  • While Tacoma's rents rose significantly over the past year, some cities nationwide saw decreases, including DC (-0.6%) and New York (-0.2%).
  • Renters will generally find more expensive prices in Tacoma than most large cities. For example, Spokane has a median 2BR rent of $880, where Tacoma is more than one-and-a-half times 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 $1,350 $1,690 -0.9% 4.2%
Tacoma $1,230 $1,530 -0.2% 5.3%
Bellevue $1,840 $2,290 -1.5% 3.4%
Everett $1,300 $1,620 -0.3% 3.0%
Kent $1,390 $1,740 -0.5% 6.7%
Renton $1,630 $2,030 -1.0% 7.6%
Federal Way $1,370 $1,700 -0.6% 6.3%
Redmond $1,740 $2,170 -3.2% 0.3%
Kirkland $1,620 $2,020 -1.1% 0.0%
Puyallup $1,490 $1,860 1.8% 14.3%
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.