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ZIP Code · WA

ZIP 98059

Part of Renton, WA
Pop. 42,406·King County·51st most expensive ZIP in Washington
Median rent (all units)
$2,367/mo
Year-over-Year
+1.5%
Month-over-Month
-7.0%
vs US Median
+$402
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 98059 · $2,367
More expensive than 75% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,230
1 BR
$2,310
2 BR
$2,690
3 BR
$3,520
4 BR+
$4,140
Research median
$2,690/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
$28,404/yr
At $2,367/mo median
Location
CityRenton
StateWA
CountyKing County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 1.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+1.5% YoY, -7.0% MoM), not inventory.
Demographics

Who lives here

ZIP 98059 (Renton, WA) is majority owner-occupied, has a median income above the national average, 50.9% of residents hold a bachelor's degree or higher.

Population
42,406
Median income
$138,654
Median age
38.1
Renters
23.4%
Age distribution
25%
20.3%
31.9%
12.8%
Under 1825%
18–3420.3%
35–5431.9%
55–6410.1%
65+12.8%
Gender
50.9%
49.1%
Male50.9%
Female49.1%
Race & ethnicity
47.8%
28.6%
White47.8%
Black2.6%
Hispanic10.6%
Asian28.6%
Other10.3%
Education (25+)
19.3%
21.7%
50.9%
No HS diploma8.1%
HS diploma19.3%
Some college21.7%
Bachelor's+50.9%
Housing tenure
76.6%
23.4%
Owner76.6%
Renter23.4%

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

2021 vs 2026

How ZIP 98059 in Renton, WA has changed in 5 years

Rent
$2,019 → $2,367
up 17.2%
Income
$113,618 → $138,654
up 22.0%
Population
41,076 → 42,406
up 3.2%
Renter share
23.6% → 23.4%
-0.2 pts
Bachelor's+
46.7% → 50.9%
+4.2 pts
Median age
39 → 38.1
-0.9 yrs

Across the past five years, the going rent in ZIP 98059 in Renton, WA has shifted from $2,019 to $2,367, up 17.2% since 2021. Median household income climbed from $113,618 to $138,654 between 2021 and 2024, a 22.0% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 98059 in Renton, WA adding about 1,330 residents over the five-year window, up 3.2% on net. Bachelor's-degree-or-higher attainment moved from 46.7% to 50.9% across the same window. Taken together, the five-year picture in ZIP 98059 in Renton, 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.

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About renting in ZIP 98059

Last updated: July 20, 2026

ZIP code 98059 covers Renton, WA. The median rent here is $2,367/mo as of July 2026. A 1-bedroom rents for a median of $2,310/mo. A 2-bedroom rents for a median of $2,690/mo.

At 20% of local median household income ($138,654/yr), ZIP 98059 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98059?

As of July 20, 2026, the median monthly rent in ZIP 98059 (Renton, WA) is $2,367. This is based on aggregated data from public sources and community submissions.

How does ZIP 98059 rent compare to the US average?

ZIP 98059's median rent of $2,367/mo is $402 (20%) above the US national median of $1,965/mo.

How does ZIP 98059 compare to other ZIPs in Washington?

ZIP 98059 is one of the pricier ZIP codes in Washington, ranking #51 out of 209 ZIPs tracked at $2,367/mo.

How much income do you need to rent in ZIP 98059?

To keep rent at or below 30% of gross income, you would need to earn at least $95,000/year (~$46/hour full-time) to afford the median rent of $2,367/mo in ZIP 98059. The local median household income is $138,654/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98059?

Rent in ZIP 98059 has increased 1.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 98059 an affordable place to rent?

ZIP 98059 is considered very affordable for renters. At $2,367/mo, rent takes approximately 20% of the local median household income ($138,654/yr). The standard benchmark is 30%. ZIP 98059 falls comfortably within that range.

What percentage of ZIP 98059 residents rent vs. own?

According to Census data, approximately 23.4% of ZIP 98059 households are renters, while 76.6% are owner-occupied. ZIP 98059 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98059 compare to the rest of Renton?

ZIP 98059 is pricier than Renton as a whole. At $2,367/mo, it's $176 above the Renton citywide median of $2,191/mo.

When was rent data for ZIP 98059 last updated?

Rent data for ZIP 98059 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $2,367/mo, rent takes ~20% of ZIP 98059's median household income ($138,654/yr). The standard benchmark is 30%.

ZIP 98059 20%Benchmark 30%
State income taxNone
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