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ZIP Code · WA

ZIP 98055

Part of Renton, WA
Pop. 24,660·King County·105th most expensive ZIP in Washington
Median rent (all units)
$2,050/mo
Year-over-Year
-1.6%
Month-over-Month
-0.1%
vs US Median
+$85
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 98055 · $2,050
More expensive than 63% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,566
1 BR
$1,617
2 BR
$1,888
3 BR
$2,474
4 BR+
$2,906
Research median
$1,888/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
$24,600/yr
At $2,050/mo median
Location
CityRenton
StateWA
CountyKing County
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 (-1.6% YoY, -0.1% MoM), not inventory.
Demographics

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.

Population
24,660
Median income
$97,224
Median age
33.5
Renters
45.2%
Age distribution
21.4%
30.8%
27.7%
Under 1821.4%
18–3430.8%
35–5427.7%
55–648.9%
65+11.1%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
34.7%
14.3%
30.5%
White34.7%
Black10.1%
Hispanic14.3%
Asian30.5%
Other10.4%
Education (25+)
19%
30%
39.5%
No HS diploma11.5%
HS diploma19%
Some college30%
Bachelor's+39.5%
Housing tenure
54.8%
45.2%
Owner54.8%
Renter45.2%

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

2021 vs 2026

How ZIP 98055 in Renton, WA has changed in 5 years

Rent
$1,659 → $2,050
up 23.6%
Income
$83,621 → $97,224
up 16.3%
Population
24,668 → 24,660
up 0.0%
Renter share
48.3% → 45.2%
-3.1 pts
Bachelor's+
34.2% → 39.5%
+5.3 pts

Across the past five years, the going rent in ZIP 98055 in Renton, WA has shifted from $1,659 to $2,050, up 23.6% 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.

Community

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Local insights

Tips for renters in ZIP 98055

About renting in ZIP 98055

Last updated: July 20, 2026

ZIP code 98055 covers Renton, WA. The median rent here is $2,050/mo as of July 2026. A 1-bedroom rents for a median of $1,617/mo. A 2-bedroom rents for a median of $1,888/mo.

At 25% of local median household income ($97,224/yr), ZIP 98055 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98055?

As of July 20, 2026, the median monthly rent in ZIP 98055 (Renton, WA) is $2,050. This is based on aggregated data from public sources and community submissions.

How does ZIP 98055 rent compare to the US average?

ZIP 98055's median rent of $2,050/mo is $85 (4%) above the US national median of $1,965/mo.

How does ZIP 98055 compare to other ZIPs in Washington?

ZIP 98055 falls in the middle range for Washington, ranking #105 out of 209 ZIPs at $2,050/mo.

How much income do you need to rent in ZIP 98055?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (~$39/hour full-time) to afford the median rent of $2,050/mo in ZIP 98055. The local median household income is $97,224/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98055?

Rent in ZIP 98055 has decreased 1.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 98055 an affordable place to rent?

ZIP 98055 is considered affordable for renters. At $2,050/mo, rent takes approximately 25% of the local median household income ($97,224/yr). The standard benchmark is 30%. ZIP 98055 falls comfortably within that range.

What percentage of ZIP 98055 residents rent vs. own?

According to Census data, approximately 45.2% of ZIP 98055 households are renters, while 54.8% are owner-occupied. ZIP 98055 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98055 compare to the rest of Renton?

ZIP 98055 is more affordable than Renton overall. At $2,050/mo, it's $141 below the Renton citywide median of $2,191/mo.

When was rent data for ZIP 98055 last updated?

Rent data for ZIP 98055 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $2,050/mo, rent takes ~25% of ZIP 98055's median household income ($97,224/yr). The standard benchmark is 30%.

ZIP 98055 25%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 98055 (Renton, WA)

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