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City Report · WA

Parkland

Pop. 38,742·87th most expensive in Washington·Rental market data updated monthly for Parkland, WA
Median rent (all units)
$1,730/mo
Year-over-Year
+3.4%
Month-over-Month
-2.5%
vs US Median
-$235
Falling (Monthly)
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Most AffordableMost Expensive
Parkland · $1,730
More affordable than 59% of US cities · National median $1,965/mo
Rent Reality Score
52/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Parkland's 10-year trend predicts.

Actual rent
$1,730/mo
Expected by trend
$1,745/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
Research median
$1,790/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
$20,760/yr
At $1,730/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 (+3.4% YoY, -2.5% MoM), not inventory.
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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
$1,391 → $1,730
up 24.4%
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 $1,391 in 2021 and currently runs about $1,730, reflecting a 24.4% 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 $1,730/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: July 20, 2026

The median rent in Parkland is $1,730/mo as of July 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 3.4% over the past year.

FAQ

Frequently asked questions

Is Parkland an affordable city for renters?

Parkland is considered affordable for renters. At $1,730/mo, rent takes approximately 29% of the local median household income ($72,239/yr). The standard benchmark is 30%. Parkland falls comfortably within that range.

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 $69,000/year (~$33/hour full-time) to afford the median rent of $1,730/mo in Parkland. The local median household income is $72,239/yr, meaning the typical Parkland household meets that threshold.

Is rent going up or down in Parkland?

Rent in Parkland has increased 3.4% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Parkland rent compare to other cities in Washington?

Parkland is one of the more affordable cities in Washington for rent, ranking #87 out of 110 tracked cities at $1,730/mo.

Which nearby cities are cheaper to rent in than Parkland?

Lakewood is nearby and more affordable at $1,708/mo, which is $22 less than Parkland.

What percentage of Parkland residents rent vs. own?

According to Census data, approximately 48.2% of Parkland households are renters, while 51.8% are owner-occupied. Parkland leans toward homeownership, which can mean a smaller rental inventory.

How does Parkland rent compare to the national average?

Parkland's median rent of $1,730/mo is $235 (12%) below the US national median of $1,965/mo. Within Washington, it ranks #87 out of 110 tracked cities.
Income Affordability
29%
AFFORDABLE

At $1,730/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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