Ballard, WA
August 2026
98107,98117
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,860 – $2,056 | 3.95% | -2.23% |
| 2-Bedroom | $2,489 – $2,779 | -3.94% | -3.32% |
| 3-Bedroom | $3,422 – $3,782 | 3.12% | -0.45% |
| 4-Bedroom | $4,536 – $4,776 | 0.95% | 0.82% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,109 – $2,218 | 1.34% | 1.85% |
| 2-Bedroom | $2,973 – $3,299 | 1.67% | 5.22% |
| 3-Bedroom | $3,724 – $4,116 | 2.42% | 0.81% |
| 4-Bedroom | $4,572 – $4,887 | -1.30% | 0.13% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,139 – $2,317 | -0.17% | -14.45% |
| 2-Bedroom | $2,784 – $3,109 | 4.88% | -7.33% |
| 3-Bedroom | $4,031 – $4,546 | 3.84% | 9.28% |
| 4-Bedroom | $4,379 – $4,697 | -2.40% | 1.47% |
In the Ballard (98107, 98117) rental market, 3-bedroom condo/townhome units recorded a 7.8% month-over-month increase to $3,911, while 3-bedroom apartments declined by -2.8% and single-family homes fell by -2.1%. The condo segment strongly outperformed others with the largest positive short-term change.
For 2-bedroom single-family homes in Ballard (98107, 98117), median rent decreased 16.7% year-over-year to $2,552. This annual drop was steeper than the -4.6% YoY change for 2-bedroom apartments and -2.0% for condo/townhomes, signaling a pronounced correction for single-family rentals.
Analyzing Ballard (98107, 98117) rental trends, 4-bedroom apartments were priced at $4,522, just $33 below the $4,555 median for 4-bedroom condo/townhomes. The minimal price gap points to similar valuation and demand for larger units across both property types.