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RentData.org Logo Spokane Fair Market Rent FY 2024 Spokane, WA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Spokane, WA :
$890 $1,012 $1,304 $1,835 $2,131
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Spokane are high compared to the national average. This FMR area is more expensive than 89% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Spokane is $1,304 per month.

The previous year, rent for a two-bedroom home was $1,198 per month. This is a 8.85% increase year-over-year.

This FMR rate applies to Waverly, WA, Four Lakes, WA, Latah, WA, Marshall, WA, Mica, WA, Tekoa, WA, Rockford, WA, Fairfield, WA, Rosalia, WA, Spangle, WA and other cities within the region. The Metro Code or CBSA code for this region is METRO44060M44060.

Additionally, This Fair Market Rent (FMR) area Spokane, WA HUD Metro FMR Area spans one county or city in Washington which is listed in the table below. Estimated population of Spokane, WA HUD Metro FMR Area FMR area is 513,402 people based on latest Census data.

Compared to the rest of Washington, the Spokane FMR area is more expensive than 58% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Spokane. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Spokane

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 951
1-BR 1-Bedroom $ 1082
2-BR 2-Bedroom $ 1394
3-BR 3-Bedroom $ 1961
4-BR 4-Bedroom $ 2278
Change Year:
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Spokane, WA HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Spokane.

County / Region Est. Population
Spokane, WA Metro 513,402
Zip Codes in Spokane, WA HUD Metro FMR Area

There are 51 unique zip codes in this Fair Market Rent (FMR) area:

99001, 99003, 99005, 99011, 99012, 99014, 99016, 99018, 99019, 99020, 99021, 99022, 99023, 99025, 99026, 99027, 99030, 99031, 99033, 99036, 99037, 99039, 99110, 99170, 99201, 99202, 99203, 99204, 99205, 99206, 99207, 99208, 99209, 99210, 99211, 99212, 99213, 99214, 99216, 99217, 99218, 99219, 99220, 99223, 99224, 99228, 99251, 99252, 99256, 99258 and 99260

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