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Typical Rent in 98008 — Bellevue, WA
The typical 1-bedroom rent in 98008 (Bellevue, WA) is $2,328/month as of 2026, based on 5 data sources. Rents have risen 0.1% year over year, so an increase above 0.1% exceeds the local market trend. Studio: $2,620. 2-bedroom: $3,160.
Rents in Bellevue have changed approximately -5.6% – +2.4% over the past year based on local market data. A rent increase above 2.4% is above the local market trend.
Estimated Rent · 1-Bedroom
$2,328/mo
Source: HUD Estimated Rent
Data through
Based on 5 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 98008 (Bellevue, WA) is $2,710 for FY2026.
Rents in 98008 have increased 0.1% year-over-year based on local market data.
The confidence level for this estimate is high based on 5 data sources.
Based on local market data, a fair rent increase in Bellevue (98008) is approximately 0.1% for 2026. The typical 1-bedroom rent is $2,328/month. Any increase significantly above 0.1% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 98008 (Bellevue)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 98008 (Bellevue) typically rents for $2,620 – $3,013.
Rents above $3,465 are in the top 25% for this area.
A 1-bedroom in 98008 (Bellevue) typically rents for $2,710 – $3,116.
Rents above $3,583 are in the top 25% for this area.
A 2-bedroom in 98008 (Bellevue) typically rents for $3,160 – $3,634.
Rents above $4,179 are in the top 25% for this area.
A 3-bedroom in 98008 (Bellevue) typically rents for $4,130 – $4,750.
Rents above $5,463 are in the top 25% for this area.
A 4-bedroom in 98008 (Bellevue) typically rents for $4,860 – $5,589.
Rents above $6,427 are in the top 25% for this area.
Current Asking Rents in 98008
What are apartments actually renting for near 98008? Click below to see live asking rents from current listings.
Live market data · Updated daily
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Rent Trends in Bellevue, WA
+0.1%
Rents in 98008 (Bellevue) are holding steady at +0.1% year-over-year.
⚠ Mixed signals
Market sources range from -5.6% to +2.4%
Why the range? Zillow ZORI tracks what landlords are asking for units (+2.4%), while Apartment List tracks what renters actually sign leases at (-0.1%).Landlords are asking more than renters are paying — this suggests renters may have negotiating leverage in 98008 (Bellevue) right now.
Local vacancy rate: 6.7%
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent
Federal Rent Benchmarks for 98008
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Seattle-Bellevue, WA HUD Metro FMR Area area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $2,620 | $2,250 |
| 1-Bedroom | $2,710 | $2,328 |
| 2-Bedroom | $3,160 | $2,713 |
| 3-Bedroom | $4,130 | $3,550 |
| 4-Bedroom | $4,860 | $4,173 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 98008
What is the average 1-bedroom rent in 98008?
The typical 1-bedroom rent in 98008 (Bellevue, WA) is $2,328/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $2,620 and 2-bedroom rent at $3,160.
What is a fair rent increase in 98008?
A rent increase up to about 0.1% is in line with the recent local market trend in 98008. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 98008?
Rents in 98008 have risen 0.1% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 98008?
On this page, studio rent in 98008 is $2,620/month and 2-bedroom rent is $3,160/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 98008 ($2,710/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Bellevue, WA
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Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →