ZIP Code · WA

ZIP 98837

Pop. 49,455·Grant County·198th most expensive ZIP in Washington
Median rent (all units)
$1,446/mo
Year-over-Year
-1.7%
Month-over-Month
+0.6%
vs US Median
-$486
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98837 · $1,446
More affordable than 77% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$950
1 BR
$960
2 BR
$1,260
3 BR
$1,750
4 BR+
$2,110
Research median
$1,260/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

January. Asking rents in ZIP 98837 usually run 0.7% below trend in January and 0.7% above it in June, about $20 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 98837 is 4.2% below its high of $1,510 in July 2024, at $1,446 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 98837 changed -1.7% 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 98837 rose 48.1% while median household income rose 33.5% ($55,876 to $74,586). Rent outpaced income.

Since before the pandemic

Rent in ZIP 98837 is 32.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 3 of the last 12 months.

What a typical income covers

30% of the median household income ($74,586) is $1,865 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,750); a 4-bedroom is $2,110.

From Zillow's monthly rent index (ZORI) for ZIP 98837. 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
$17,352/yr
At $1,446/mo median
Location
StateWA
CountyGrant 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 (-1.7% YoY, +0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 98837 (Moses Lake, WA) is majority owner-occupied, has a large share of families with children, 20.5% of residents hold a bachelor's degree or higher.

Population
49,455
Median income
$74,586
Median age
34.4
Renters
33.4%
Age distribution
26.9%
24.1%
22.6%
14.6%
Under 1826.9%
18–3424.1%
35–5422.6%
55–6411.8%
65+14.6%
Gender
50.3%
49.7%
Male50.3%
Female49.7%
Race & ethnicity
64.6%
33%
White64.6%
Black2%
Hispanic33%
Asian1.6%
Education (25+)
12.3%
28.7%
38.5%
20.5%
No HS diploma12.3%
HS diploma28.7%
Some college38.5%
Bachelor's+20.5%
Housing tenure
66.6%
33.4%
Owner66.6%
Renter33.4%

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

2021 vs 2026

How ZIP 98837 in Moses Lake, WA has changed in 5 years

Rent
$1,123 → $1,446
up 28.8%
Income
$64,347 → $74,586
up 15.9%
Population
45,729 → 49,455
up 8.1%
Renter share
37.6% → 33.4%
-4.2 pts
Bachelor's+
20.3% → 20.5%
+0.2 pts
Median age
35.2 → 34.4
-0.8 yrs

Rent in ZIP 98837 in Moses Lake, WA has increased 28.8% since 2021, going from about $1,123 per month to roughly $1,446 today. Median household income grew from $64,347 to $74,586 between 2021 and 2024, a 15.9% shift. Rent outpaced income growth by roughly 12.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 45,729 to 49,455 between 2021 and 2024, a 8.1% change. About 33.4% of households rent today, against 37.6% in 2021. Taken together, the five-year picture in ZIP 98837 in Moses Lake, 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 98837

Last updated: October 17, 2026

ZIP code 98837 covers Moses Lake, WA. The median rent here is $1,446/mo as of October 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,260/mo.

At 23% of local median household income ($74,586/yr), ZIP 98837 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98837?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (about $28/hour full-time) to afford the median rent of $1,446/mo in ZIP 98837. The local median household income is $74,586/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98837?

Rent in ZIP 98837 has fallen 1.7% over the past year as of September 2026. It sits 4.2% below its high of $1,510 in July 2024.

When is the cheapest time to rent in ZIP 98837?

Asking rents in ZIP 98837 are usually lowest in January, about 0.7% below their yearly trend, and highest in June, about 0.7% above it. At today's median that is a gap of roughly $20 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 98837?

Yes. From 2019 to 2024, rent in ZIP 98837 rose 48.1% while median household income rose 33.5%, from $55,876 to $74,586. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 98837 compare to other ZIPs in Washington?

ZIP 98837 is one of the more affordable among Washington ZIP codes for rent, ranking #198 of 207 at $1,446/mo. Over the year to September 2026, rent in ZIP 98837 changed -1.7%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.

How does ZIP 98837 compare to the rest of Moses Lake?

At $1,446/mo, ZIP 98837 is $5 below the Moses Lake citywide median of $1,451/mo.
Income Affordability
23%
VERY AFFORDABLE

At $1,446/mo, rent takes ~23% of ZIP 98837's median household income ($74,586/yr). The standard benchmark is 30%.

ZIP 98837 23%Benchmark 30%
State income taxNone
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