Pioneer Square, Seattle, WA Rental Market Trends
Last updated: February 24, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Pioneer Square is $2,588, a 6% increase compared to the previous year, when the average rent was $2,442.
Studio Apartments at $1,947 offer the most budget-friendly option with 491 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 712 square feet for $2,566, balancing privacy and affordability.
Two-beedroom units at $3,943 offer 1,083 square feet, perfect for roommates or small families.
Average rent in Pioneer Square, Seattle, WA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,588 | 697 sq. ft. |
| Studio | $1,947 | 491 sq. ft. |
| 1 Bed | $2,566 | 712 sq. ft. |
| 2 Beds | $3,943 | 1,083 sq. ft. |
| 3 Beds | n/a | n/a |
Pioneer Square, Seattle, WA rent trends
Rental prices in Pioneer Square, Seattle, WA have increased by 6% over the past year. The average rent moved from $2,442 to $2,588.
What's the typical rent budget in Pioneer Square, Seattle, WA?
The largest share of rentals in Pioneer Square, Seattle, WA (40%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Pioneer Square, Seattle, WA?
2,362 or 92% of the households in Pioneer Square, Seattle, WA are renter-occupied while 208 or 8% are owner-occupied.
Most affordable neighborhoods in Pioneer Square?
Wedgwood $1,637/month
South Des Moines $1,668/month
Bitter Lake $1,673/month
All of these neighborhoods fall below the city wide average of $2,242/month.Most expensive neighborhoods in Pioneer Square?
Ravenna $2,814/month
Belltown $2,836/month
Seattle Central Business District $3,090/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Seattle, WA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Seattle Central Business District | $3,090 |
| Belltown | $2,836 |
| Ravenna | $2,814 |
| South Lake Union | $2,747 |
| Central Waterfront | $2,698 |
| Pike Market | $2,651 |
| Pioneer Square | $2,588 |
| Westlake | $2,587 |
| Green Lake | $2,563 |
| Fremont | $2,403 |
| East Queen Anne | $2,398 |
| Wallingford | $2,388 |
| Crown Hill | $2,345 |
| Eastlake | $2,288 |
| South Delridge | $2,265 |
| Ballard | $2,248 |
| Genesee | $2,232 |
| West Woodland | $2,225 |
| Lower Queen Anne | $2,221 |
| Atlantic | $2,199 |
| West Queen Anne | $2,183 |
| North City | $2,175 |
| First Hill | $2,170 |
| Columbia City | $2,163 |
| North Admiral | $2,163 |
| North Queen Anne | $2,163 |
| Hillwood | $2,156 |
| Lawton Park | $2,151 |
| Stevens | $2,144 |
| Madison Park | $2,143 |
| Meridian Park | $2,130 |
| Maple Leaf | $2,123 |
| Greenwood | $2,120 |
| Broadway | $2,107 |
| University District | $2,107 |
| Fairmount Park | $2,102 |
| Minor | $2,099 |
| Yesler Terrace | $2,095 |
| Roosevelt | $2,074 |
| North Delridge | $2,056 |
| North College Park | $2,048 |
| Parkwood | $2,016 |
| Junction | $2,015 |
| Interbay | $2,002 |
| Haller Lake | $1,982 |
| Whittier Heights | $1,980 |
| Echo Lake | $1,963 |
| Portage Bay | $1,957 |
| Roxhill | $1,956 |
| Pinehurst | $1,948 |
| North Beacon Hill | $1,921 |
| High Point | $1,911 |
| Victory Heights | $1,838 |
| Richmond Highlands | $1,811 |
| Olympic Hills | $1,800 |
| Mann | $1,796 |
| Cedar Park | $1,795 |
| Brighton | $1,784 |
| Broadview | $1,776 |
| Central Des Moines | $1,773 |
| Ballinger | $1,706 |
| Loyal Heights | $1,704 |
| International District | $1,700 |
| Bitter Lake | $1,673 |
| South Des Moines | $1,668 |
| Wedgwood | $1,637 |
Seattle | Rent Comparison by Neighborhood
Rent in Pioneer Square is 18% higher than in Atlantic
Pioneer Square rent is the same as Seattle average
Atlantic rent is 15% lower than Seattle average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Pioneer Square apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.