Ballard, WA · Seattle metro
September 2026
98107,98117
Long-term Rental Rates
Long-term rental rates for Ballard (98107,98117), in the Seattle metro area, as of September 2026.
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,056 – $2,272 | 6.52% | 4.42% |
| 2-Bedroom | $2,715 – $3,031 | 7.96% | 3.92% |
| 3-Bedroom | $3,496 – $3,750 | 0.91% | -0.88% |
| 4-Bedroom | $4,549 – $4,776 | 0.21% | 0.34% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,033 – $2,137 | -3.80% | -0.05% |
| 2-Bedroom | $2,952 – $3,134 | -3.27% | 1.99% |
| 3-Bedroom | $3,599 – $3,978 | -3.37% | -2.10% |
| 4-Bedroom | $4,597 – $4,931 | 0.87% | 0.60% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,075 – $2,248 | -2.04% | -17.83% |
| 2-Bedroom | $2,862 – $3,101 | -1.13% | -7.30% |
| 3-Bedroom | $3,969 – $4,449 | -2.45% | 4.63% |
| 4-Bedroom | $4,564 – $4,994 | 4.94% | 6.53% |
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.