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City Report · WA

Liberty Lake

Pop. 12,737·81st most expensive in Washington·Liberty Lake rents are up 6.7% over the past year
Median rent (all units)
$1,834/mo
Year-over-Year
+6.7%
Month-over-Month
-7.9%
vs US Median
-$131
Falling (Monthly)
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Most AffordableMost Expensive
Liberty Lake · $1,834
More affordable than 51% of US cities · National median $1,965/mo
Affordability
19% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,834/mo, rent takes about 19% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$73,000/yr
Local median income
$118,723/yr
Based on the 30%-of-income rule using Liberty Lake's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,420
1 BR
$1,590
2 BR
$2,050
3 BR
$2,840
4 BR+
$3,320
Research median
$2,050/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
$22,008/yr
At $1,834/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 6.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+6.7% YoY, -7.9% MoM), not inventory.
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Demographics

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.

Population
12,737
Median income
$118,723
Median age
37.1
Renters
33%
Age distribution
30.4%
15.7%
26.7%
16.8%
Under 1830.4%
18–3415.7%
35–5426.7%
55–6410.4%
65+16.8%
Gender
45.9%
54.1%
Male45.9%
Female54.1%
Race & ethnicity
90%
White90%
Black0.5%
Hispanic5.4%
Asian1.9%
Other2.1%
Education (25+)
18%
31.2%
48.7%
No HS diploma2.1%
HS diploma18%
Some college31.2%
Bachelor's+48.7%
Housing tenure
67%
33%
Owner67%
Renter33%

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

2021 vs 2026

How Liberty Lake, WA has changed in 5 years

Income
$96,169 → $118,723
up 23.5%
Population
11,647 → 12,737
up 9.4%
Renter share
36% → 33%
-3.0 pts
Bachelor's+
46.2% → 48.7%
+2.5 pts
Median age
36.1 → 37.1
+1.0 yrs

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%.

Community

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View Liberty Lake rent history (2015–2026) →
Salary vs rent

Can you afford rent in Liberty Lake on your salary?

At $1,834/mo, how Liberty Lake rent compares to typical pay (30% rule).

By apartment size

Liberty Lake rent by bedroom count

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

Local insights

Tips for renters in Liberty Lake

About renting in Liberty Lake, WA

Last updated: July 20, 2026

The median rent in Liberty Lake is $1,834/mo as of July 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 19% of local median household income ($118,723/yr), Liberty Lake ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.7% over the past year.

FAQ

Frequently asked questions

Is Liberty Lake an affordable city for renters?

Liberty Lake is considered very affordable for renters. At $1,834/mo, rent takes approximately 19% of the local median household income ($118,723/yr). The standard benchmark is 30%. Liberty Lake falls comfortably within that range.

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

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,834/mo in Liberty Lake. The local median household income is $118,723/yr, meaning the typical Liberty Lake household meets that threshold.

Is rent going up or down in Liberty Lake?

Rent in Liberty Lake has increased 6.7% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Liberty Lake is one of the more affordable cities in Washington for rent, ranking #81 out of 110 tracked cities at $1,834/mo.

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

Several nearby cities have lower median rents than Liberty Lake ($1,834/mo): Spokane ($1,498/mo), Spokane Valley ($1,549/mo), Colbert ($1,682/mo).

What percentage of Liberty Lake residents rent vs. own?

According to Census data, approximately 33% of Liberty Lake households are renters, while 67% are owner-occupied. Liberty Lake leans toward homeownership, which can mean a smaller rental inventory.

How does Liberty Lake rent compare to the national average?

Liberty Lake's median rent of $1,834/mo is $131 (7%) below the US national median of $1,965/mo. Within Washington, it ranks #81 out of 110 tracked cities.
Income Affordability
19%
VERY AFFORDABLE

At $1,834/mo, rent takes ~19% of Liberty Lake's median household income ($118,723/yr). The standard benchmark is 30%.

Liberty Lake 19%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Liberty Lake, WA

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