Last updated
Average Rent in Pioneer Square & Rent Trends
Rent prices and market trends across 4 apartment communities in Pioneer Square, Seattle, WA. Updated daily.
Market Average
$2,063/mo
Lowest Available
$1,250/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
43
available now
Price Cuts This Week in Pioneer Square
31 listed units across 4 buildings offering 1 bed units in Pioneer Square dropped their asking rent in the past 7 days, an average cut of $140/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| M Street | Unit 8, Studio Plus | $2,457 | $1,582 | $875 |
| Mason & Main | Unit 3 | $1,974 | $1,454 | $520 |
| Mason & Main | Unit 32 | $3,074 | $2,756 | $318 |
| M Street | Unit 5, B3 | $3,531 | $3,242 | $289 |
| Mason & Main | Unit 35 | $3,351 | $3,069 | $282 |
| Mason & Main | Unit 30 | $2,705 | $2,453 | $252 |
| Mason & Main | Unit 34 | $3,204 | $2,989 | $215 |
| Mason & Main | Unit 36 | $3,463 | $3,249 | $214 |
Pioneer Square vs Seattle, WA Average
Pioneer Square is cheaper than the Seattle, WA average by $939/mo (31%). The citywide average is $3,002/mo across all neighborhoods.
Is Rent Going Up or Down in Pioneer Square?
As of August 2026, the average rent in Pioneer Square is $2,063 per month across 4 apartment communities and 43 available units.
The most affordable option is The Mill at First Hill - Affordable Housing starting at $1,250/mo. By unit type, a 1-bedroom averages $2,063/mo.
Prices range from $1,250 to $3,325 per month. The most common price point is the $2,200 range, where 13 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Pioneer Square
Rent Prices by Apartment in Pioneer Square
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Mill at First Hill - Affordable Housing | $1,250/mo | $1,250/mo | 4 | 3.5 |
| Mason & Main | $1,454/mo | $2,064/mo | 28 | 3.1 |
| M Street | $1,929/mo | $2,039/mo | 3 | 4.3 |
| Sentral First Hill | $2,224/mo | $2,476/mo | 8 | 4.6 |
Frequently Asked Questions About Rent in Pioneer Square
What is the average rent in Pioneer Square?
Is rent going up or down in Pioneer Square?
What is the cheapest apartment in Pioneer Square?
How much is a 1-bedroom apartment in Pioneer Square?
How many apartments are available in Pioneer Square?
What salary do I need to live comfortably in Pioneer Square?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$83,000/year
Based on the 30 percent rule, using our tracked average rent of $2,063/mo.
Comfortable income
$99,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,250/mo), you need to earn at least $50,000/year.
Median household income in Pioneer Square is $121,984 , about 23% above the comfortable-living threshold.
Cost of living in Pioneer Square
Overall prices in Pioneer Square runs above the national average by about 13% (BEA Regional Price Parity index 112.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Pioneer Square's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,063 |
| Utilities | $652 |
| Groceries | $584 |
| Transportation | $1,553 |
| Healthcare | $758 |
| Other goods and services | $1,212 |
| Estimated total | $6,822/mo |
Population
741,440
Median household income
$121,984
Census median rent
$1,998/mo
Rent as % of income
27.4%
Median age
35.5
Mean commute
27 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Pioneer Square Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Pioneer Square Apartments
Browse all 4 communities with daily-updated pricing and availability.