Apartments in Port Townsend

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$1,450
1862 Sherman St Port Townsend, WA
1 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Storage
10
$1,650
Port Townsend, WA
1 BR | Available Now
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19
$1,725
Port Townsend, WA
1 BR | Available Now
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House
Storage
Dishwasher
30
Call for Pricing
1051 Hancock Street Port Townsend, WA
1 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Senior Community
Income Restricted
$1,495
Port Townsend, WA
2 BR | Available Now
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How much does it cost to rent an apartment in Port Townsend?

Port Townsend Apartments
Bed Type Average Rent Range
2BR $1,500 $1,500 - $1,500

Search Cities Near Port Townsend, WA

Port Townsend:
April Rent Report

Welcome to the April 2024 Port Townsend Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Port Townsend rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Port Townsend and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Port Townsend average rent prices in the chart below.

Monthly Rent Report

$2,550
$1,910
$1,280
$640
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Port Townsend Rent Prices Decrease From March to April

Port Townsend rent prices decreased over the last month. From March to April, the city experienced a -13.27% decrease for the price of a one-bedroom apartment. The rent price for a Port Townsend one-bedroom apartments currently stands at $1,595.0.

When we take a look at the two-bedroom comparison from March to April, Port Townsend experienced a -6.65% decrease for the price of a two-bedroom apartment. The rent price for a Port Townsend two-bedroom apartments currently stands at $1,782.0.

April Prices: Port Townsend vs. Surrounding Areas

Rent Prices in Port Townsend and Surrounding Areas

Rent prices have decreased in Port Townsend over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Port Townsend suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Port Townsend suburbs

  • Rents did not decrease in any of the Port Townsend suburbs.

April 2024 Pricing Trends: Port Townsend vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Port Townsend Rent Prices More Affordable Than Major Cities

Rent growth in Port Townsend over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Port Townsend average rent prices appear to be relatively affordable for local residents.

The price for a Port Townsend one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Port Townsend and surrounding area rent prices, take a look at the complete data set below.

Data set for Port Townsend and suburbs

1 BR April 1 BR M/M % Change 2 BR April 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.