Rents are 11% 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 $2,765 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: August 17, 2026
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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 $553 per month, settling near $2,765 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. 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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Can you afford rent in Bonney Lake on your salary?
At $2,765/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: August 17, 2026
The median rent in Bonney Lake is $2,765/mo as of August 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 4.0% over the past year.
Frequently asked questions
Is Bonney Lake an affordable city for renters?
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Is rent going up or down in Bonney Lake?
How does Bonney Lake rent compare to other cities in Washington?
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What percentage of Bonney Lake residents rent vs. own?
How does Bonney Lake rent compare to the national average?
At $2,765/mo, rent takes ~24% 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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