Find Homes & Apartments for Rent in 98402

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What to Know About

Living in 98402

Tacoma is a bustling city located in the Pacific Northwest with a thriving economy primarily based on technology, aerospace, military, and healthcare. You can explore fascinating museums, like the Museum of Glass and the Washington State History Museum. In addition, Tacoma provides students with an outstanding education at institutions like the University of Puget Sound and the University of Washington Tacoma. There is also plenty to do in Tacoma, from exploring the city's waterfront parks and beaches to shopping in downtown Tacoma.

Outdoor enthusiasts can take in the stunning natural beauty of Mount Rainier and the Olympic Mountains or explore local parks and trails, such as Ruston Way Waterfront, Point Defiance Park, and the Foothills Trail. Food lovers can indulge in various delicious dining options, ranging from farm-to-table cuisine to international flavors. Additionally, Tacoma has exciting events throughout the year, such as the Tacoma Jazz & Blues Festival and the Tacoma Film Festival.

With its scenic location, friendly community spirit, and cultural and recreational opportunities, Tacoma is a great place to call home for those who appreciate the beauty of the Pacific Northwest.

Rental Market Trends

Tacoma, WA

As of March 2025, Tacoma's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Tacoma's average rent is 13.3% ($233) lower than the Washington average of $1,752 and 15.0% ($269) lower than the U.S. average of $1,788.

Average Rent
$1,519
Monthly ChangeMonth Over Month Change
Decreased1.2% ($19)
Yearly ChangeYear Over Year Change
Decreased10.1% ($170)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,349 Decreased1.2% ($16) Increased1.2% ($16)
2 Beds $1,681 Decreased0.7% ($11) Decreased3% ($52)
3 Beds $2,313 Increased7.9% ($170) Increased1.2% ($27)
Nearby Cities Average Rent Avg. Rent vs. TacomaAverage Rent vs. Tacoma Avg. Days on MarketAverage Days on Market
Fife $1,823 Increased20% ($304) 33 days
Lakewood $1,565 Increased3% ($46) 37 days
University Place $2,161 Increased42.3% ($642) 31 days
Steilacoom $1,392 Decreased8.4% ($127) 33 days
Puyallup $2,076 Increased36.7% ($557) 31 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Tacoma Rental Market FAQs

Explore rental prices, market trends, and availability in Tacoma, WA.

The average rent in Tacoma, WA is $1,519 per month.
Homes in Tacoma typically rent for between $944 and $3,007 per month, with an average of $1,519 per month.
In Tacoma, the average rent for a 1-bedroom home is $1,349 per month, for a 2-bedroom home, $1,681 per month, and a 3-bedroom home is $2,313 per month.
The average rent in Tacoma is 15% ($269) lower than the national average of $1,788 per month.
The average rent in Tacoma has decreased by 1.2% ($19) in the last month and decreased by 10.1% ($170) over the past year.
The rental market in Tacoma, WA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Tacoma, WA, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 314 rental properties available in Tacoma, WA.
Based on the current averages, a household would need an annual income of $67,240 to comfortably afford a 2-bedroom home in Tacoma.
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