ZIP 98055
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 98055 usually run 1.3% below trend in January and 1.3% above it in July, about $57 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 98055 is at its highest level since Zillow's records here began in January 2017.
Rent in ZIP 98055 changed +4.4% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.
From 2019 to 2024, rent in ZIP 98055 rose 25.5% while median household income rose 26.7% ($76,765 to $97,224). Income kept ahead of rent.
Rent in ZIP 98055 is 29.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($97,224) is $2,431 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,210); a 2-bedroom is $2,580.
2nd cheapest of 5 ZIP codes in Renton.
ZIP 98031, 3 miles away, rents for 12% less ($1,935/mo), about $3,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 98055. 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.
Who lives here
ZIP 98055 (Renton, WA) is roughly split between renters and owners, skews toward younger working-age adults, has a median income above the national average, 39.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 98055 in Renton, WA has changed in 5 years
Across the past five years, the going rent in ZIP 98055 in Renton, WA has shifted from $1,717 to $2,202, up 28.2% since 2021. Household income in the area moved from $83,621 to $97,224 across the same window, up 16.3% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has eased from 48.3% to 45.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 34.2% to 39.5% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 98055 in Renton, WA look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 98055
Last updated: October 17, 2026
ZIP code 98055 covers Renton, WA. The median rent here is $2,202/mo as of October 2026. A 1-bedroom rents for a median of $2,210/mo. A 2-bedroom rents for a median of $2,580/mo.
At 27% of local median household income ($97,224/yr), ZIP 98055 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.
Frequently asked questions
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How does ZIP 98055 compare to other ZIPs in Washington?
How does ZIP 98055 compare to the rest of Renton?
At $2,202/mo, rent takes ~27% of ZIP 98055's median household income ($97,224/yr). The standard benchmark is 30%.
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