At $1,795/mo, rent takes about 18% of the local median household income, comfortably within the 30% benchmark.
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 $1,795 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
Rent in Liberty Lake changed +6.1% over the year to September 2026. Across the 97 Washington cities Zillow tracks, the typical change was +2.6%.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($118,723) is $2,968 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,840); a 4-bedroom is $3,320.
Spokane Valley, 7 miles away, rents for 15% less ($1,525/mo), about $3,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Liberty Lake. 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
Liberty Lake, WA is majority owner-occupied, has a large share of families with children, has a median income above the national average, 48.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Liberty Lake, WA has changed in 5 years
Local incomes tracked alongside that move, going from a median of $96,169 in 2021 to $118,723 more recently. Headcount in the area went from 11,647 to 12,737 between 2021 and 2024, a 9.4% change. About 33% of households rent today, against 36% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 46.2% to 48.7%.
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Can you afford rent in Liberty Lake on your salary?
At $1,795/mo, how Liberty Lake rent compares to typical pay (30% rule).
Liberty Lake rent by bedroom count
Median rent for each apartment size in Liberty Lake. Click any size for full breakdown.
Tips for renters in Liberty Lake
Last updated: October 17, 2026
The median rent in Liberty Lake is $1,795/mo as of October 2026. A studio apartment averages $1,420/mo while a 2-bedroom runs $2,050/mo. One-bedroom apartments average $1,590/mo and 3-bedroom units go for $2,840/mo.
At 18% of local median household income ($118,723/yr), Liberty Lake ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.1% over the past year.
Frequently asked questions
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Is rent going up or down in Liberty Lake?
How does Liberty Lake rent compare to other cities in Washington?
Which nearby cities are cheaper to rent in than Liberty Lake?
At $1,795/mo, rent takes ~18% of Liberty Lake's median household income ($118,723/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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