Starting at $1,300 Per Month
- Studio - 3 Beds
5708 S Spotted Rd, Spokane, WA 99224
The Marjorie at Aspen Park
Frequently Asked Questions
How much does it cost to rent a home in Spokane, WA?
The median rent for a home in Spokane, WA is $1,862 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Spokane, WA?
To comfortably afford the median rent in Spokane, WA, a household needs to earn roughly $74,480 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 $1,862 per month in Spokane, WA, renters typically need to show $5,586 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 Spokane, WA?
In Spokane, WA, the price-to-rent ratio is 17.9, 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 Spokane, WA are best for renting a home?
The best neighborhood for renting in Spokane, WA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown Spokane and Cliff-Cannon, each with its own character and price range.
