Rentometer, Inc. | Data as of 10/22/2025
Bonney Lake, Washington, offers a balanced rental market that appeals to families, professionals, and outdoor enthusiasts alike. Nestled amid the foothills of the Cascades and just a short drive from Tacoma, the city enjoys easy access to I‑5 while maintaining a tranquil, small‑town atmosphere. Residents benefit from abundant green spaces such as Lake Tapps, the stunning Bonney Lake Recreation Center, and miles of hiking trails, making the area a magnet for those who value an active lifestyle alongside convenient urban amenities.
The rental inventory in Bonney Lake encompasses a mix of modern apartments and spacious single‑family homes, catering to a variety of needs. One‑bedroom apartments typically rent in the $1600‑$1700 range, while two‑bedroom units often fall within the $1900‑$2000 bracket, and larger three‑bedroom apartments can reach the $2600 range. Single‑family houses follow a similar pattern, with two‑bedroom homes around $1900, three‑bedroom properties near $2800, and larger four‑plus bedroom homes reaching the $3400 range. These price points reflect the city’s blend of affordability and quality, offering renters flexible options whether they prefer low‑maintenance apartments or expansive family homes.
Bonney Lake’s neighborhoods each have their own charm, from the well‑established Riverside area near the lakefront to the newer developments near the Crystal River. Proximity to popular shopping destinations like Walmart and The Bonney Lake Center, alongside reputable schools and community events, further enhances its appeal. Whether you’re seeking a peaceful retreat or a convenient base for commuting to the greater Puget Sound region, Bonney Lake’s rental market provides a welcoming and diverse range of housing choices.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,671 | $1,675 | $1,278 - $1,895 | $1,675 - $1,835 |
| Apartment | 2 Bedroom | $1,895 | $1,942 | $1,539 - $2,325 | $1,700 - $2,150 |
| Apartment | 3 Bedroom | $2,647 | $2,558 | $2,375 - $3,010 | $2,375 - $3,010 |
| House | 2 Bedroom | $1,958 | $1,850 | $1,530 - $2,495 | $1,530 - $2,495 |
| House | 3 Bedroom | $2,896 | $2,850 | $2,200 - $3,600 | $2,700 - $3,099 |
| House | 4+ Bedroom | $3,416 | $3,269 | $2,954 - $4,295 | $3,150 - $3,695 |
In the current period, the average rent in Bonney Lake was $1,672 for 1 Bedroom, $1,912 for 2 Bedroom, $2,858 for 3 Bedroom, and $3,325 for 4+ Bedroom.
Data provided by Rentometer, Inc.