Long-term Rental Rates — September 2026 · ZIPs: 98004,98005
Local market data by Estaite
As of September 2026, rental prices in Downtown Bellevue (98004, 98005), in the Seattle metro area, range from $2,435 to $5,040 per month depending on property type and bedroom count.
The most notable year-over-year change was a -32.48% decline for 3BR apartments in Downtown Bellevue, WA.
For 2BR units, apartment median rent at $3,371 exceeds condo/townhome rent at $3,058 in Downtown Bellevue, WA.
What is the range of monthly rents in Downtown Bellevue, WA for September 2026?
In Downtown Bellevue, WA, rental prices in September 2026 range from $2,435 for a 1BR apartment up to $5,040 for a 4BR single-family home.
Which rental segment in Downtown Bellevue, WA shows an unusual or outlier number in September 2026?
The 3BR apartment segment shows an unusually sharp year-over-year drop of -32.48%, with the median rent at $2,653 in September 2026.
Where is the biggest annual rent decline in Downtown Bellevue, WA, and is it broad or limited?
The largest annual decrease occurred among 3BR apartments, which fell -32.48% year-over-year in September 2026; this decline is limited to that bedroom count and not broad across all apartments.
What is the most affordable rental option in Downtown Bellevue, WA for September 2026?
The most affordable segment in Downtown Bellevue, WA for September 2026 is a 1BR apartment with a median rent of $2,435 per month.
Downtown Bellevue, WA· Seattle metro
September 2026
98004,98005
Long-term Rental Rates
Long-term rental rates for Downtown Bellevue (98004,98005), in the Seattle metro area, as of September 2026.
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,314 – $2,557
-9.65%
-7.82%
2-Bedroom
$3,185 – $3,556
-6.58%
-1.38%
3-Bedroom
$2,507 – $2,799
-21.09%
-32.48%
4-Bedroom
$4,676 – $4,779
0.50%
0.74%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,424 – $2,626
-4.10%
-6.68%
2-Bedroom
$2,945 – $3,171
-1.29%
-4.29%
3-Bedroom
$3,650 – $3,915
5.82%
-0.67%
4-Bedroom
$4,625 – $4,873
0.17%
0.19%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,732 – $2,901
0.02%
-0.50%
2-Bedroom
$2,924 – $3,167
-1.25%
-6.17%
3-Bedroom
$4,092 – $4,388
-0.15%
0.82%
4-Bedroom
$4,828 – $5,251
11.39%
4.81%
Data updated: October 19, 2026
Downtown Bellevue Rental Trends · Seattle metro
In the Downtown Bellevue (98004, 98005) rental market, 1-bedroom apartments posted a median rent of $2,538 in April 2026, down -2.18% year-over-year and -2.03% month-over-month. This signals a downturn for entry-level apartment rentals compared to prior months.
Median rent for 2-bedroom condo/townhomes in Downtown Bellevue (98004, 98005) reached $3,191, which is $107 below 2-bedroom apartments at $3,298. Although condo/townhomes increased 2.54% MoM, their YoY change was a -3.06% drop, indicating lagging performance versus apartments.
Rental demand for 1-bedroom single-family homes increased, as Downtown Bellevue (98004, 98005) rental trends show this segment at $2,752—registering a 3.28% rise year-over-year and outpacing 1BR apartments by $214 in April 2026.