City Report · WA

Parkland

Pop. 38,742·85th most expensive in Washington·Rental market data updated monthly for Parkland, WA
Median rent (all units)
$1,759/mo
Year-over-Year
+0.3%
Month-over-Month
+0.5%
vs US Median
-$173
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Parkland · $1,759
More affordable than 56% of US cities · National median $1,932/mo
Rent Reality Score
56/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Parkland's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,759/mo
Expected by trend
$1,812/mo
The Rent Reality Score compares today's median rent to where Parkland's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,290
1 BR
$1,450
2 BR
$1,790
3 BR
$2,520
4 BR+
$2,920
Fair Market Rent (HUD)
$1,790/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,759 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 →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

March. Asking rents in Parkland usually run 0.6% below trend in March and 0.4% above it in July, about $18 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in Parkland is 0.4% below its high of $1,766 in December 2025, at $1,759 as of September 2026.

Past year vs. the rest of Washington

Rent in Parkland changed +0.3% over the year to September 2026. Across the 97 Washington cities Zillow tracks, the typical change was +2.6%.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($72,239) is $1,806 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,790); a 3-bedroom is $2,520.

From Zillow's monthly rent index (ZORI) for Parkland. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$21,108/yr
At $1,759/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.3% YoY, +0.5% MoM), not inventory.
Rent check

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Demographics

Who lives here

Parkland, WA is roughly split between renters and owners, 17.5% of residents hold a bachelor's degree or higher.

Population
38,742
Median income
$72,239
Median age
34.2
Renters
48.2%
Age distribution
22%
29.3%
23.7%
14.6%
Under 1822%
18–3429.3%
35–5423.7%
55–6410.4%
65+14.6%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
49.7%
15.4%
13.4%
13.6%
White49.7%
Black15.4%
Hispanic13.4%
Asian7.9%
Other13.6%
Education (25+)
37.2%
35.9%
17.5%
No HS diploma9.4%
HS diploma37.2%
Some college35.9%
Bachelor's+17.5%
Housing tenure
51.8%
48.2%
Owner51.8%
Renter48.2%

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

2021 vs 2026

How Parkland, WA has changed in 5 years

Rent
$1,439 → $1,759
up 22.2%
Income
$62,223 → $72,239
up 16.1%
Population
38,092 → 38,742
up 1.7%
Renter share
45% → 48.2%
+3.2 pts
Bachelor's+
17.3% → 17.5%
+0.2 pts
Median age
35.2 → 34.2
-1.0 yrs

The median rent in Parkland, WA stood at $1,439 in 2021 and currently runs about $1,759, reflecting a 22.2% increase over the period. Census figures show median household income at $72,239 today, compared with $62,223 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.7% since 2021, moving from about 38,092 residents to roughly 38,742. Renters now make up 48.2% of households, compared with 45% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about Parkland

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View Parkland rent history (2015–2026) →
Salary vs rent

Can you afford rent in Parkland on your salary?

At $1,759/mo, how Parkland rent compares to typical pay (30% rule).

By apartment size

Parkland rent by bedroom count

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

Local insights

Tips for renters in Parkland

About renting in Parkland, WA

Last updated: October 17, 2026

The median rent in Parkland is $1,759/mo as of October 2026. A studio apartment averages $1,290/mo while a 2-bedroom runs $1,790/mo. One-bedroom apartments average $1,450/mo and 3-bedroom units go for $2,520/mo.

At 29% of local median household income ($72,239/yr), Parkland ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Parkland?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (about $34/hour full-time) to afford the median rent of $1,759/mo in Parkland. The local median household income is $72,239/yr, so the typical household meets that bar.

Is rent going up or down in Parkland?

Rent in Parkland has been roughly flat over the past year as of September 2026, a +0.3% change. It sits 0.4% below its high of $1,766 in December 2025.

When is the cheapest time to rent in Parkland?

Asking rents in Parkland are usually lowest in March, about 0.6% below their yearly trend, and highest in July, about 0.4% above it. At today's median that is a gap of roughly $18 a month. This pattern comes from 5 years of Zillow rent data.

How does Parkland rent compare to other cities in Washington?

Parkland is one of the more affordable among Washington cities for rent, ranking #85 of 109 tracked cities at $1,759/mo. Over the year to September 2026, rent in Parkland changed +0.3%, against a typical +2.6% across the 97 Washington cities Zillow tracks.

Which nearby cities are cheaper to rent in than Parkland?

Nearby cities with lower median rent than Parkland ($1,759/mo) include Lakewood ($1,734/mo).
Income Affordability
29%
AFFORDABLE

At $1,759/mo, rent takes ~29% of Parkland's median household income ($72,239/yr). The standard benchmark is 30%.

Parkland 29%Benchmark 30%
State income taxNone
Run the Parkland affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Parkland, WA

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