Apartments in Five Mile Spokane

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$3,700
Spokane, WA
4 BR | Available Now
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Dog Friendly
Cat Friendly
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18
$2,500
Spokane, WA
3 BR | Available Now
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Air Conditioning
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10
$1,395 - 1,960
636 E Magnesium Rd Spokane, WA
1 - 3 BR | Ask for Availability
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Luxury
Section 8
Air Conditioning
Covered Parking
In Unit Laundry
15
$2,250
Spokane, WA
4 BR | Available Now
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Spokane:
May Rent Report

Welcome to the May 2026 Spokane Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 key findings and figures for the Spokane rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Spokane 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 Spokane average rent prices in the chart below.

Monthly Rent Report

$1,450
$1,090
$730
$360
$0
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
May. 2026
1 BR       2 BR

Spokane Rent Prices Decrease From April to May

Spokane rent prices decreased over the last month. From April to May, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Spokane one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from April to May, Spokane experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Spokane two-bedroom apartments currently stands at $.

May Prices: Spokane vs. Surrounding Areas

Rent Prices in Spokane and Surrounding Areas

Rent prices have decreased in Spokane 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 Spokane 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 Spokane suburbs

  • Rents did not decrease in any of the Spokane suburbs.

May 2026 Pricing Trends: Spokane vs. National Comparisons

Spokane Rent Prices More Affordable Than Major Cities

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

The price for a Spokane 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 Spokane and surrounding area rent prices, take a look at the complete data set below.

Data set for Spokane and suburbs

1 BR May 1 BR M/M % Change 2 BR May 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.