How much does it cost to rent in Bonney Lake, WA?

As of July 2026, the median monthly rent in Bonney Lake, WA is $2,705. This figure is based on aggregated data from public sources and community-submitted rents.

Is Bonney Lake cheaper than other Washington cities?

Bonney Lake is one of the pricier cities in Washington, ranking #13 out of 110 cities tracked at $2,705/mo.

When was Bonney Lake rent data last updated?

Bonney Lake rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · WA

Bonney Lake

Name: Average Rent Prices in Bonney Lake, WA
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 22,090·13th most expensive in Washington·One of the pricier rental markets in the US

Median rent (all units)

$2,705/mo

Year-over-Year

+1.5%

Month-over-Month

-5.3%

vs US Median

+$740

Falling (Monthly)

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Most AffordableMost Expensive

Bonney Lake · $2,705

More expensive than 85% of US cities · National median $1,965/mo

Rent Reality Score

76/100

Good value

OverheatedFairGreat value

Rents are 13% below what Bonney Lake's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,705/mo

Expected by trend

$3,115/mo

The Rent Reality Score compares today's median rent to where Bonney Lake's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,850

1 BR

$2,090

2 BR

$2,570

3 BR

$3,600

4 BR+

$4,110

Research median

$2,570/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$32,460/yr

At $2,705/mo median

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 1.5% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+1.5% YoY, -5.3% MoM), not inventory.

Rent check

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Demographics

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.

Population

22,090

Median income

$136,845

Median age

36.9

Renters

21.2%

Age distribution

28.6%

18.7%

30.8%

Under 1828.6%

18–3418.7%

35–5430.8%

55–6410.9%

65+11%

Gender

51.4%

48.6%

Male51.4%

Female48.6%

Race & ethnicity

77.8%

White77.8%

Black2.2%

Hispanic9%

Asian4.1%

Other7%

Education (25+)

25.3%

39.6%

30.2%

No HS diploma4.9%

HS diploma25.3%

Some college39.6%

Bachelor's+30.2%

Housing tenure

78.8%

21.2%

Owner78.8%

Renter21.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Bonney Lake, WA has changed in 5 years

Rent

$2,212 → $2,705

up 22.3%

Income

$108,705 → $136,845

up 25.9%

Population

22,229 → 22,090

down 0.6%

Renter share

19.1% → 21.2%

+2.1 pts

Bachelor's+

27.7% → 30.2%

+2.5 pts

Compared with 2021, rent in Bonney Lake, WA has increased by $493 per month, settling near $2,705 after starting the period at $2,212. Median household income grew from $108,705 to $136,845 between 2021 and 2024, a 25.9% shift. Income growth outran rent by about 3.6 percentage points, easing the affordability math somewhat compared with 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.

Community

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View Bonney Lake rent history (2015–2026) →

Salary vs rent

Can you afford rent in Bonney Lake on your salary?

At $2,705/mo, how Bonney Lake rent compares to typical pay (30% rule).

Registered Nurse

Avg $105,818/yr · Rent = 30.7% income

stretched

Elementary School Teacher

Avg $75,130/yr · Rent = 43.2% income

rent-burdened

Police Officer

Avg $86,542/yr · Rent = 37.5% income

stretched

Software Developer

Avg $154,683/yr · Rent = 21% income

affordable

Lawyer

Avg $197,646/yr · Rent = 16.4% income

very comfortable

Firefighter

Avg $70,347/yr · Rent = 46.1% income

rent-burdened

Truck Driver

Avg $63,515/yr · Rent = 51.1% income

severely rent-burdened

Electrician

Avg $78,288/yr · Rent = 41.5% income

rent-burdened

By apartment size

Bonney Lake rent by bedroom count

Median rent for each apartment size in Bonney Lake. Click any size for full breakdown.

Local insights

Tips for renters in Bonney Lake

About renting in Bonney Lake, WA

Last updated: July 20, 2026

The median rent in Bonney Lake is $2,705/mo as of July 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 24% of local median household income ($136,845/yr), Bonney Lake ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.

FAQ

Frequently asked questions

Is Bonney Lake an affordable city for renters?

Bonney Lake is considered very affordable for renters. At $2,705/mo, rent takes approximately 24% of the local median household income ($136,845/yr). The standard benchmark is 30%. Bonney Lake falls comfortably within that range.

How much income do you need to rent in Bonney Lake?

To keep rent at or below 30% of gross income, you would need to earn at least $108,000/year (~$52/hour full-time) to afford the median rent of $2,705/mo in Bonney Lake. The local median household income is $136,845/yr, meaning the typical Bonney Lake household meets that threshold.

Is rent going up or down in Bonney Lake?

Rent in Bonney Lake has increased 1.5% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Bonney Lake rent compare to other cities in Washington?

Bonney Lake is one of the pricier cities in Washington for rent, ranking #13 out of 110 tracked cities at $2,705/mo.

Which nearby cities are cheaper to rent in than Bonney Lake?

Several nearby cities have lower median rents than Bonney Lake ($2,705/mo): Pacific ($1,691/mo), Auburn ($1,953/mo), Edgewood ($2,106/mo).

What percentage of Bonney Lake residents rent vs. own?

According to Census data, approximately 21.2% of Bonney Lake households are renters, while 78.8% are owner-occupied. Bonney Lake leans toward homeownership, which can mean a smaller rental inventory.

How does Bonney Lake rent compare to the national average?

Bonney Lake's median rent of $2,705/mo is $740 (38%) above the US national median of $1,965/mo. Within Washington, it ranks #13 out of 110 tracked cities.

Income Affordability

24%

VERY AFFORDABLE

At $2,705/mo, rent takes ~24% of Bonney Lake's median household income ($136,845/yr). The standard benchmark is 30%.

Bonney Lake 24%Benchmark 30%

State income taxNone

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Nearby cities