How much does it cost to rent in Spokane Valley, WA?

As of July 2026, the median monthly rent in Spokane Valley, WA is $1,549. This figure is based on aggregated data from public sources and community-submitted rents.

Is Spokane Valley cheaper than other Washington cities?

Spokane Valley is among the more affordable cities in Washington, ranking #99 out of 110 cities at $1,549/mo.

When was Spokane Valley rent data last updated?

Spokane Valley rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · WA

Spokane Valley

Name: Average Rent Prices in Spokane Valley, WA
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 106,365·99th most expensive in Washington·Rental market data updated monthly for Spokane Valley, WA

Median rent (all units)

$1,549/mo

Year-over-Year

+2.5%

Month-over-Month

-1.1%

vs US Median

-$416

Falling (Monthly)

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Most AffordableMost Expensive

Spokane Valley · $1,549

More affordable than 73% of US cities · National median $1,965/mo

Rent Reality Score

83/100

Great value

OverheatedFairGreat value

Rents are 16% below what Spokane Valley's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,549/mo

Expected by trend

$1,853/mo

The Rent Reality Score compares today's median rent to where Spokane Valley's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,036

1 BR

$1,164

2 BR

$1,496

3 BR

$2,070

4 BR+

$2,424

Research median

$1,496/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$18,588/yr

At $1,549/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 (+2.5% YoY, -1.1% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Spokane Valley, WA is majority owner-occupied, 26.5% of residents hold a bachelor's degree or higher.

Population

106,365

Median income

$74,042

Median age

38.3

Renters

41.8%

Age distribution

21.2%

24.4%

25.2%

17.6%

Under 1821.2%

18–3424.4%

35–5425.2%

55–6411.6%

65+17.6%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

84.2%

White84.2%

Black1.4%

Hispanic7.1%

Asian1.8%

Other5.5%

Education (25+)

28.4%

39.5%

26.5%

No HS diploma5.6%

HS diploma28.4%

Some college39.5%

Bachelor's+26.5%

Housing tenure

58.2%

41.8%

Owner58.2%

Renter41.8%

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

2021 vs 2026

How Spokane Valley, WA has changed in 5 years

Rent

$1,309 → $1,549

up 18.3%

Income

$60,079 → $74,042

up 23.2%

Population

102,178 → 106,365

up 4.1%

Renter share

41.8% → 41.8%

+0.0 pts

Bachelor's+

24.4% → 26.5%

+2.1 pts

Compared with 2021, rent in Spokane Valley, WA has climbed by $240 per month, settling near $1,549 after starting the period at $1,309. Median household income grew from $60,079 to $74,042 between 2021 and 2024, a 23.2% shift. Income growth outran rent by about 4.9 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 102,178 to 106,365 between 2021 and 2024, a 4.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 24.4% to 26.5%. Taken together, the five-year picture in Spokane Valley, WA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Spokane Valley rent history (2015–2026) →

Salary vs rent

Can you afford rent in Spokane Valley on your salary?

At $1,549/mo, how Spokane Valley rent compares to typical pay (30% rule).

Registered Nurse

Avg $105,818/yr · Rent = 17.6% income

very comfortable

Elementary School Teacher

Avg $75,130/yr · Rent = 24.7% income

affordable

Police Officer

Avg $86,542/yr · Rent = 21.5% income

affordable

Software Developer

Avg $154,683/yr · Rent = 12% income

very comfortable

Lawyer

Avg $197,646/yr · Rent = 9.4% income

very comfortable

Firefighter

Avg $70,347/yr · Rent = 26.4% income

affordable

Truck Driver

Avg $63,515/yr · Rent = 29.3% income

affordable

Electrician

Avg $78,288/yr · Rent = 23.7% income

affordable

By apartment size

Spokane Valley rent by bedroom count

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

Local insights

Tips for renters in Spokane Valley

About renting in Spokane Valley, WA

Last updated: July 20, 2026

The median rent in Spokane Valley is $1,549/mo as of July 2026. A studio apartment averages $1,036/mo while a 2-bedroom runs $1,496/mo. One-bedroom apartments average $1,164/mo and 3-bedroom units go for $2,070/mo.

At 25% of local median household income ($74,042/yr), Spokane Valley ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

Is Spokane Valley an affordable city for renters?

Spokane Valley is considered affordable for renters. At $1,549/mo, rent takes approximately 25% of the local median household income ($74,042/yr). The standard benchmark is 30%. Spokane Valley falls comfortably within that range.

How much income do you need to rent in Spokane Valley?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,549/mo in Spokane Valley. The local median household income is $74,042/yr, meaning the typical Spokane Valley household meets that threshold.

Is rent going up or down in Spokane Valley?

Rent in Spokane Valley has increased 2.5% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Spokane Valley neighborhoods have the lowest rent?

The most affordable ZIP codes in Spokane Valley are 99216 ($1,495/mo), 99206 ($1,530/mo), and 99037 ($1,630/mo). Citywide, the median rent in Spokane Valley is $1,549/mo.

How does Spokane Valley rent compare to other cities in Washington?

Spokane Valley is one of the more affordable cities in Washington for rent, ranking #99 out of 110 tracked cities at $1,549/mo.

Which nearby cities are cheaper to rent in than Spokane Valley?

Spokane is nearby and more affordable at $1,498/mo, which is $51 less than Spokane Valley.

What percentage of Spokane Valley residents rent vs. own?

According to Census data, approximately 41.8% of Spokane Valley households are renters, while 58.2% are owner-occupied. Spokane Valley leans toward homeownership, which can mean a smaller rental inventory.

How does Spokane Valley rent compare to the national average?

Spokane Valley's median rent of $1,549/mo is $416 (21%) below the US national median of $1,965/mo. Within Washington, it ranks #99 out of 110 tracked cities.

Income Affordability

25%

AFFORDABLE

At $1,549/mo, rent takes ~25% of Spokane Valley's median household income ($74,042/yr). The standard benchmark is 30%.

Spokane Valley 25%Benchmark 30%

State income taxNone

Run the Spokane Valley affordability calculator →

Nearby cities