How much does it cost to rent in Gig Harbor, WA?

As of July 2026, the median monthly rent in Gig Harbor, WA is $2,938. This figure is based on aggregated data from public sources and community-submitted rents.

Is Gig Harbor cheaper than other Washington cities?

Gig Harbor is one of the pricier cities in Washington, ranking #8 out of 110 cities tracked at $2,938/mo.

When was Gig Harbor rent data last updated?

Gig Harbor 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

Gig Harbor

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

Pop. 12,424·8th most expensive in Washington·Gig Harbor rents are up 21.3% over the past year

Median rent (all units)

$2,938/mo

Year-over-Year

+21.3%

Month-over-Month

+6.8%

vs US Median

+$973

Rising (Monthly)

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Most AffordableMost Expensive

Gig Harbor · $2,938

More expensive than 89% of US cities · National median $1,965/mo

Rent Reality Score

39/100

Overpriced

OverheatedFairGreat value

Rents are 6% above what Gig Harbor's 10-year trend predicts — running hotter than its own history.

Actual rent

$2,938/mo

Expected by trend

$2,782/mo

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

Medians by bedroom

Rent by unit size

Studio

$1,815

1 BR

$2,055

2 BR

$2,530

3 BR

$3,545

4 BR+

$4,050

Research median

$2,530/mo

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

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$35,256/yr

At $2,938/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 21.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+21.3% YoY, +6.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Gig Harbor, WA is majority owner-occupied, has a large retiree population, has a median income above the national average, 52.1% of residents hold a bachelor's degree or higher.

Population

12,424

Median income

$118,395

Median age

46.6

Renters

37.8%

Age distribution

21.6%

14.2%

22.5%

30.6%

Under 1821.6%

18–3414.2%

35–5422.5%

55–6411.1%

65+30.6%

Gender

46.9%

53.1%

Male46.9%

Female53.1%

Race & ethnicity

80.6%

White80.6%

Black0.7%

Hispanic5.9%

Asian2.5%

Other10.3%

Education (25+)

12.9%

31.5%

52.1%

No HS diploma3.5%

HS diploma12.9%

Some college31.5%

Bachelor's+52.1%

Housing tenure

62.2%

37.8%

Owner62.2%

Renter37.8%

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

2021 vs 2026

How Gig Harbor, WA has changed in 5 years

Rent

$1,999 → $2,938

up 47.0%

Income

$96,192 → $118,395

up 23.1%

Population

11,505 → 12,424

up 8.0%

Renter share

36.6% → 37.8%

+1.2 pts

Bachelor's+

47.9% → 52.1%

+4.2 pts

Median age

41.8 → 46.6

+4.8 yrs

Across the past five years, the going rent in Gig Harbor, WA has shifted from $1,999 to $2,938, up 47.0% since 2021. Local incomes tracked alongside that move, going from a median of $96,192 in 2021 to $118,395 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Gig Harbor, WA adding about 919 residents over the five-year window, up 8.0% on net. Bachelor's-degree-or-higher attainment moved from 47.9% to 52.1% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Gig Harbor, WA market of 2021.

Community

Discussions about Gig Harbor

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View Gig Harbor rent history (2015–2026) →

Salary vs rent

Can you afford rent in Gig Harbor on your salary?

At $2,938/mo, how Gig Harbor rent compares to typical pay (30% rule).

Registered Nurse

Avg $105,818/yr · Rent = 33.3% income

stretched

Elementary School Teacher

Avg $75,130/yr · Rent = 46.9% income

rent-burdened

Police Officer

Avg $86,542/yr · Rent = 40.7% income

rent-burdened

Software Developer

Avg $154,683/yr · Rent = 22.8% income

affordable

Lawyer

Avg $197,646/yr · Rent = 17.8% income

very comfortable

Firefighter

Avg $70,347/yr · Rent = 50.1% income

severely rent-burdened

Truck Driver

Avg $63,515/yr · Rent = 55.5% income

severely rent-burdened

Electrician

Avg $78,288/yr · Rent = 45% income

rent-burdened

By apartment size

Gig Harbor rent by bedroom count

Median rent for each apartment size in Gig Harbor. Click any size for full breakdown.

Local insights

Tips for renters in Gig Harbor

About renting in Gig Harbor, WA

Last updated: July 20, 2026

The median rent in Gig Harbor is $2,938/mo as of July 2026. A studio apartment averages $1,815/mo while a 2-bedroom runs $2,530/mo. One-bedroom apartments average $2,055/mo and 3-bedroom units go for $3,545/mo.

At 30% of local median household income ($118,395/yr), Gig Harbor ranks as moderate compared to the national benchmark of 30%. Rents have increased 21.3% over the past year.

FAQ

Frequently asked questions

Is Gig Harbor an affordable city for renters?

Gig Harbor is considered moderate for renters. At $2,938/mo, rent takes approximately 30% of the local median household income ($118,395/yr). The standard benchmark is 30%. Gig Harbor slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Gig Harbor?

To keep rent at or below 30% of gross income, you would need to earn at least $118,000/year (~$57/hour full-time) to afford the median rent of $2,938/mo in Gig Harbor. The local median household income is $118,395/yr, meaning the typical Gig Harbor household meets that threshold.

Is rent going up or down in Gig Harbor?

Rent in Gig Harbor has increased 21.3% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Gig Harbor neighborhoods have the lowest rent?

The most affordable ZIP codes in Gig Harbor are 98335 ($2,953/mo), and 98332 ($3,051/mo). Citywide, the median rent in Gig Harbor is $2,938/mo.

How does Gig Harbor rent compare to other cities in Washington?

Gig Harbor is one of the pricier cities in Washington for rent, ranking #8 out of 110 tracked cities at $2,938/mo.

Which nearby cities are cheaper to rent in than Gig Harbor?

Several nearby cities have lower median rents than Gig Harbor ($2,938/mo): Tacoma ($1,749/mo), University Place ($1,904/mo), Steilacoom ($1,990/mo).

What percentage of Gig Harbor residents rent vs. own?

According to Census data, approximately 37.8% of Gig Harbor households are renters, while 62.2% are owner-occupied. Gig Harbor leans toward homeownership, which can mean a smaller rental inventory.

How does Gig Harbor rent compare to the national average?

Gig Harbor's median rent of $2,938/mo is $973 (50%) above the US national median of $1,965/mo. Within Washington, it ranks #8 out of 110 tracked cities.

Income Affordability

30%

MODERATE

At $2,938/mo, rent takes ~30% of Gig Harbor's median household income ($118,395/yr). The standard benchmark is 30%.

Gig Harbor 30%Benchmark 30%

State income taxNone

Run the Gig Harbor affordability calculator →

Nearby cities