Rents are 8% below what Bonney Lake's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,627 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in Bonney Lake usually run 1.2% below trend in February and 1% above it in August, about $58 a month apart at today's median. Based on 8 years of data.
Rent in Bonney Lake is 0.1% below its high of $2,630 in August 2026, at $2,627 as of September 2026.
Rent in Bonney Lake changed +5.2% over the year to September 2026. Across the 97 Washington cities Zillow tracks, the typical change was +2.6%.
From 2019 to 2024, rent in Bonney Lake rose 38.4% while median household income rose 41% ($97,055 to $136,845). Income kept ahead of rent.
Rent in Bonney Lake is 47.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 10 of the last 12 months.
30% of the median household income ($136,845) is $3,421 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,570); a 3-bedroom is $3,600.
Sumner, 4 miles away, rents for 16% less ($2,219/mo), about $4,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Bonney Lake. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Bonney Lake, WA is majority owner-occupied, has a large share of families with children, has a median income above the national average, 30.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Bonney Lake, WA has changed in 5 years
Compared with 2021, rent in Bonney Lake, WA has increased by $654 per month, settling near $2,627 after starting the period at $1,973. Median household income grew from $108,705 to $136,845 between 2021 and 2024, a 25.9% shift. Rent outpaced income growth by roughly 7.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 21.2% of households rent today, against 19.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 27.7% to 30.2%. Taken together, the five-year picture in Bonney Lake, WA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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At $2,627/mo, how Bonney Lake rent compares to typical pay (30% rule).
Bonney Lake rent by bedroom count
Median rent for each apartment size in Bonney Lake. Click any size for full breakdown.
Tips for renters in Bonney Lake
Last updated: October 17, 2026
The median rent in Bonney Lake is $2,627/mo as of October 2026. A studio apartment averages $1,850/mo while a 2-bedroom runs $2,570/mo. One-bedroom apartments average $2,090/mo and 3-bedroom units go for $3,600/mo.
At 23% of local median household income ($136,845/yr), Bonney Lake ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.2% over the past year.
Frequently asked questions
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How does Bonney Lake rent compare to other cities in Washington?
At $2,627/mo, rent takes ~23% of Bonney Lake's median household income ($136,845/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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