RentData

Average Rent in Kennewick, WA Rents rising 1.2% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 307,900

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Kennewick, WA has rental prices ranging from $1,101/month to $2,318/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,236/month — 12% below the national average of $1,400/month. With a median household income of $85,881/year, spending $1,236/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Kennewick Compares

With an average 2-bedroom rent of $1,503/month, Kennewick ranks #9 most expensive of the 36 cities tracked in Washington — pricier than 92% of all US cities in our data.

The Kennewick Rental Market

The Kennewick, WA area has a population of about 307,900 and 31% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Kennewick, WA have risen by $18/month (1.2%) over the past year, from $1,485 to $1,503. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Kennewick, WA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $49,440. The local median household income of $85,881 exceeds that threshold by $36,441, making Kennewick relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Kennewick, WA is $433,349, giving a price-to-rent ratio of 24.0. With a break-even horizon of approximately 24 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2025
Studio
$1,101
Affordable
1 Bedroom
$1,236
Affordable
2 Bedrooms
$1,503
1.2% YoY
Affordable
3 Bedrooms
$2,003
Affordable
4 Bedrooms
$2,318
Average
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Median Home Value
$433,349
Source: Zillow ZHVI
Est. monthly payment
$2,306/mo
20% down · 30yr · 7%

Is Kennewick, WA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$60,120/year
Local median income: $85,881
To buy a median home
$92,259/year
US national median: $75,000
💡 Based on a 2BR rent of $1,503/month and 20% down on a $433,349 home at 7% rate.

Nearby Cities in WAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Tacoma$1,479$1,673$2,057$2,882
Seattle$2,238$2,293$2,671$3,521
Spokane$998$1,123$1,444$1,997
Olympia$1,393$1,585$1,843$2,526
Bremerton$1,411$1,568$2,057$2,685
Yakima$1,011$1,018$1,335$1,871

Rent or Buy in Kennewick?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Kennewick data

$
Home Value
$433,349
2BR Rent
$1,503/mo
Mortgage Rate
7%
Monthly P&I
$2,306/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $3,191/movs rent: $1,503/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $433,349 home at 7% rate

20% — $86,670
3%50%
Estimated Monthly Payment
$2,306
per month · 30 years · 7% APR
Loan Amount
$346,679
Total Paid
$830,328
Total Interest
$483,649
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Kennewick

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🏘️Neighborhoods in Kennewick

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⚖️Rent vs Buy in Kennewick

Is it cheaper to rent or buy here?

💵Rent Affordability in Kennewick

Salary needed to afford rent here

🗺️All Cities in WA

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📋WA Tenant Rights

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