ZIP Code · WA

ZIP 98058

Part of Renton, WA
Pop. 42,980·King County·52nd most expensive ZIP in Washington
Median rent (all units)
$2,362/mo
Year-over-Year
+3.5%
Month-over-Month
+0.5%
vs US Median
+$430
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 98058 · $2,362
More expensive than 76% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,120
1 BR
$2,200
2 BR
$2,560
3 BR
$3,350
4 BR+
$3,940
Research median
$2,560/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 98058 usually run 1.4% below trend in February and 1.3% above it in July, about $64 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 98058 is at its highest level since Zillow's records here began in February 2017.

Past year vs. the rest of Washington

Rent in ZIP 98058 changed +3.6% 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 98058 rose 31.6% while median household income rose 24.9% ($92,225 to $115,201). Rent outpaced income.

Since before the pandemic

Rent in ZIP 98058 is 31.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 3 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($115,201) is $2,880 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,560); a 3-bedroom is $3,350.

Rank in Renton

5th cheapest of 5 ZIP codes in Renton.

Cheaper nearby

ZIP 98031, 4 miles away, rents for 18% less ($1,935/mo), about $5,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 98058. 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
$28,344/yr
At $2,362/mo median
Location
CityRenton
StateWA
CountyKing County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.5% YoY, +0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 98058 (Renton, WA) is majority owner-occupied, has a median income above the national average, 42.5% of residents hold a bachelor's degree or higher.

Population
42,980
Median income
$115,201
Median age
38.2
Renters
27.5%
Age distribution
22.5%
21.7%
28.3%
16%
Under 1822.5%
18–3421.7%
35–5428.3%
55–6411.4%
65+16%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
51.4%
14.6%
18.9%
White51.4%
Black7.8%
Hispanic14.6%
Asian18.9%
Other7.3%
Education (25+)
21.1%
29.6%
42.5%
No HS diploma6.8%
HS diploma21.1%
Some college29.6%
Bachelor's+42.5%
Housing tenure
72.5%
27.5%
Owner72.5%
Renter27.5%

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

2021 vs 2026

How ZIP 98058 in Renton, WA has changed in 5 years

Rent
$1,860 → $2,362
up 27.0%
Income
$98,648 → $115,201
up 16.8%
Population
42,366 → 42,980
up 1.4%
Renter share
29.2% → 27.5%
-1.7 pts
Bachelor's+
38.2% → 42.5%
+4.3 pts

Since 2021, the typical rent in ZIP 98058 in Renton, WA has increased from $1,860 to $2,362, a 27.0% change over five years. On the earnings side, the typical household in ZIP 98058 in Renton, WA now reports about $115,201, up from $98,648 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.4% since 2021, moving from about 42,366 residents to roughly 42,980. Renters now make up 27.5% of households, compared with 29.2% five years ago. College-educated residents now make up 42.5% of adults here, versus 38.2% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 98058 in Renton, WA reflects that arc in its own way.

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Local insights

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About renting in ZIP 98058

Last updated: October 17, 2026

ZIP code 98058 covers Renton, WA. The median rent here is $2,362/mo as of October 2026. A 1-bedroom rents for a median of $2,200/mo. A 2-bedroom rents for a median of $2,560/mo.

At 25% of local median household income ($115,201/yr), ZIP 98058 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98058?

To keep rent at or below 30% of gross income, you would need to earn at least $94,000/year (about $45/hour full-time) to afford the median rent of $2,362/mo in ZIP 98058. The local median household income is $115,201/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98058?

Rent in ZIP 98058 has risen 3.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2017.

When is the cheapest time to rent in ZIP 98058?

Asking rents in ZIP 98058 are usually lowest in February, about 1.4% below their yearly trend, and highest in July, about 1.3% above it. At today's median that is a gap of roughly $64 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 98058?

Yes. From 2019 to 2024, rent in ZIP 98058 rose 31.6% while median household income rose 24.9%, from $92,225 to $115,201. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 98058 compare to other ZIPs in Washington?

ZIP 98058 is one of the pricier among Washington ZIP codes for rent, ranking #52 of 207 at $2,362/mo. Over the year to September 2026, rent in ZIP 98058 changed +3.6%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.

How does ZIP 98058 compare to the rest of Renton?

At $2,362/mo, ZIP 98058 is $110 above the Renton citywide median of $2,252/mo. It is the 5th cheapest of 5 ZIP codes in Renton.
Income Affordability
25%
AFFORDABLE

At $2,362/mo, rent takes ~25% of ZIP 98058's median household income ($115,201/yr). The standard benchmark is 30%.

ZIP 98058 25%Benchmark 30%
State income taxNone
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