ZIP Code · WA

ZIP 98056

Part of Renton, WA

Pop. 35,849·King County·60th most expensive ZIP in Washington

Median rent (all units)

$2,314/mo

Year-over-Year

+3.4%

Month-over-Month

Stable

vs US Median

+$382

Reported rents

Stable (Monthly)

Be the first to discuss 98056 rents ↓

Most AffordableMost Expensive

ZIP 98056 · $2,314

More expensive than 74% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$2,060

1 BR

$2,130

2 BR

$2,480

3 BR

$3,240

4 BR+

$3,810

Research median

$2,480/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 98056 usually run 1.7% below trend in January and 1.5% above it in July, about $74 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 98056 is 0% below its high of $2,315 in August 2026, at $2,314 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 98056 changed +3.4% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 98056 rose 26.7% while median household income rose 33% ($85,451 to $113,688). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 98056 is 28.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($113,688) is $2,842 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,480); a 3-bedroom is $3,240.

Rank in Renton

3rd cheapest of 5 ZIP codes in Renton.

Cheaper nearby

ZIP 98118, 4 miles away, rents for 14% less ($1,983/mo), about $4,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 98056. 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.

Annual cost

$27,768/yr

At $2,314/mo median

Location

CityRenton

StateWA

CountyKing County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.4% YoY, -0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 98056 (Renton, WA) is roughly split between renters and owners, has a median income above the national average, 43.6% of residents hold a bachelor's degree or higher.

Population

35,849

Median income

$113,688

Median age

Renters

45.7%

Age distribution

18.4%

25.1%

27%

13.7%

15.8%

Under 1818.4%

18–3425.1%

35–5427%

55–6413.7%

65+15.8%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

44.2%

13.4%

28.2%

White44.2%

Black7.5%

Hispanic13.4%

Asian28.2%

Other6.7%

Education (25+)

17.6%

27.7%

43.6%

No HS diploma11.1%

HS diploma17.6%

Some college27.7%

Bachelor's+43.6%

Housing tenure

54.3%

45.7%

Owner54.3%

Renter45.7%

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

2021 vs 2026

How ZIP 98056 in Renton, WA has changed in 5 years

Rent

$1,830 → $2,314

up 26.4%

Income

$95,088 → $113,688

up 19.6%

Population

36,950 → 35,849

down 3.0%

Renter share

43.7% → 45.7%

+2.0 pts

Bachelor's+

42.4% → 43.6%

+1.2 pts

Median age

37.8 → 39

+1.2 yrs

Since 2021, the typical rent in ZIP 98056 in Renton, WA has climbed from $1,830 to $2,314, a 26.4% change over five years. Census figures show median household income at $113,688 today, compared with $95,088 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 3.0% since 2021, moving from about 36,950 residents to roughly 35,849. Renters now make up 45.7% of households, compared with 43.7% 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 ZIP 98056

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 98056

About renting in ZIP 98056

Last updated: October 17, 2026

ZIP code 98056 covers Renton, WA. The median rent here is $2,314/mo as of October 2026. A 1-bedroom rents for a median of $2,130/mo. A 2-bedroom rents for a median of $2,480/mo.

At 24% of local median household income ($113,688/yr), ZIP 98056 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98056?

To keep rent at or below 30% of gross income, you would need to earn at least $93,000/year (about $45/hour full-time) to afford the median rent of $2,314/mo in ZIP 98056. The local median household income is $113,688/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98056?

Rent in ZIP 98056 has risen 3.4% over the past year as of September 2026. It sits 0% below its high of $2,315 in August 2026.

When is the cheapest time to rent in ZIP 98056?

Asking rents in ZIP 98056 are usually lowest in January, about 1.7% below their yearly trend, and highest in July, about 1.5% above it. At today's median that is a gap of roughly $74 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 98056?

No. From 2019 to 2024, rent in ZIP 98056 rose 26.7% while median household income rose 33%, from $85,451 to $113,688. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 98056 compare to other ZIPs in Washington?

ZIP 98056 is one of the pricier among Washington ZIP codes for rent, ranking #60 of 207 at $2,314/mo. Over the year to September 2026, rent in ZIP 98056 changed +3.4%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.