Long-term Rental Rates — June 2026 · ZIPs: 98004,98005
Local market data by Estaite
As of June 2026, rental prices in Downtown Bellevue, WA range from $2,641 to $4,802 per month depending on property type and bedroom count.
The most notable year-over-year change is a -3.56% decrease for 1BR condo/townhome units in Downtown Bellevue, WA.
For 3BR homes, single-family median rent leads at $4,153, compared to $3,811 for condos/townhomes and $3,773 for apartments.
What is the range of rental prices in Downtown Bellevue, WA as of June 2026?
Rents in Downtown Bellevue, WA range from $2,641 per month for 1BR condos/townhomes to $4,802 per month for 4BR single-family homes in June 2026.
Are there any unusual or standout changes in rent in the Downtown Bellevue, WA market?
Yes, 1BR single-family homes in Downtown Bellevue, WA saw a significant month-over-month increase of 9.12%, rising to $2,818 in June 2026, which is the sharpest movement across all segments.
Which segment had the largest annual decline in rents in Downtown Bellevue, WA?
The biggest annual decrease was for 1BR condo/townhome units, falling -3.56% year-over-year to $2,641, and this decline was limited to that bedroom count rather than broad across the property type.
What is the most affordable rental option in Downtown Bellevue, WA as of June 2026?
The most affordable option is a 1BR condo/townhome at $2,641 per month in June 2026.
Downtown Bellevue, WA
June 2026
98004,98005
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,510 – $2,802
2.30%
-0.69%
2-Bedroom
$3,164 – $3,532
0.32%
1.73%
3-Bedroom
$3,584 – $3,961
3.42%
1.20%
4-Bedroom
$4,555 – $4,781
1.13%
0.97%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,543 – $2,739
-3.87%
-3.56%
2-Bedroom
$3,135 – $3,329
2.57%
-1.29%
3-Bedroom
$3,677 – $3,944
1.74%
-0.66%
4-Bedroom
$4,509 – $4,755
-1.50%
0.06%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,733 – $2,903
9.12%
2.69%
2-Bedroom
$2,998 – $3,184
2.82%
-2.76%
3-Bedroom
$3,946 – $4,361
0.80%
0.93%
4-Bedroom
$4,528 – $5,075
1.65%
3.27%
Data updated: July 19, 2026
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.