ZIP 98115
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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 98115 usually run 1.9% below trend in January and 1.9% above it in August, about $86 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 98115 is at its highest level since Zillow's records here began in February 2015.
Rent in ZIP 98115 changed +3.2% 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 98115 rose 19.7% while median household income rose 40% ($111,569 to $156,142). Income kept ahead of rent.
Rent in ZIP 98115 is 21.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($156,142) is $3,904 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,780); a 4-bedroom is $4,450.
11th cheapest of 22 ZIP codes in Seattle.
ZIP 98105, 2 miles away, rents for 13% less ($1,970/mo), about $3,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 98115. 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 98115 (Seattle, WA) is majority owner-occupied, has a median income above the national average, 80.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 98115 in Seattle, WA has changed in 5 years
Five years ago, renters in ZIP 98115 in Seattle, WA paid around $1,782 a month. That figure now sits near $2,255, up 26.5% from the 2021 baseline. Census figures show median household income at $156,142 today, compared with $128,443 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 98115 in Seattle, WA adding about 620 residents over the five-year window, up 1.2% on net. The renter share has risen from 38.8% to 40.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 76.5% to 80.6% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 98115
Last updated: October 17, 2026
ZIP code 98115 covers Seattle, WA. The median rent here is $2,255/mo as of October 2026. A 1-bedroom rents for a median of $1,782/mo. A 2-bedroom rents for a median of $2,077/mo.
At 17% of local median household income ($156,142/yr), ZIP 98115 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.
Frequently asked questions
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How does ZIP 98115 compare to the rest of Seattle?
At $2,255/mo, rent takes ~17% of ZIP 98115's median household income ($156,142/yr). The standard benchmark is 30%.
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