Starting at $1,595 Per Month
- 1 - 3 Beds
416 111th Street Ct E, Tacoma, WA 98445
Welcome home to Terravista.
Terravista
Frequently Asked Questions
How much does it cost to rent a home in Parkland, WA?
The median rent for a home in Parkland, WA is $1,650 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option while condos and townhouses are currently more expensive.
How much do you need to make to afford rent in Parkland, WA?
To comfortably afford the median rent in Parkland, WA, a household needs to earn roughly $66,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,650 per month in Parkland, WA, renters typically need to show $4,950 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Parkland, WA?
In Parkland, WA, the price-to-rent ratio is 33.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Parkland, WA are best for renting a home?
The best neighborhood for renting in Parkland, WA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include South End, Pacific-Lakeview, Lakeview, Clover Creek and Eastside, each with its own character and price range.
