Rents are 3% below what Parkland's 10-year trend predicts — a better deal than its own history suggests.
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 $1,703 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: August 17, 2026
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Who lives here
Parkland, WA is roughly split between renters and owners, 17.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Parkland, WA has changed in 5 years
The median rent in Parkland, WA stood at $1,391 in 2021 and currently runs about $1,703, reflecting a 22.4% 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.
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Can you afford rent in Parkland on your salary?
At $1,703/mo, how Parkland rent compares to typical pay (30% rule).
Parkland rent by bedroom count
Median rent for each apartment size in Parkland. Click any size for full breakdown.
Tips for renters in Parkland
Last updated: August 17, 2026
The median rent in Parkland is $1,703/mo as of August 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 28% of local median household income ($72,239/yr), Parkland ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.
Frequently asked questions
Is Parkland an affordable city for renters?
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Is rent going up or down in Parkland?
How does Parkland rent compare to other cities in Washington?
What percentage of Parkland residents rent vs. own?
How does Parkland rent compare to the national average?
At $1,703/mo, rent takes ~28% of Parkland's median household income ($72,239/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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