Spokane multifamily market, October 2026

Landlords have the edge in Spokane, and it is cooling: asking rents are up 2.7% on a year, while jobs slipped 0.3%.

Updated October 31, 2026 · from Zillow, BLS and the US Census Bureau

+2.7%

Asking rent, year over year

Zillow · September 2026

-0.3%

Jobs, year over year

BLS · September 2026, preliminary

4.4%YEARLY

Vacancy

Census · 2024 count

What is moving now

Asking rents are up 2.7% on a year to September 2026, which is the figure the condition is read from. Jobs are down 0.3% over the same year to September 2026, a first release the BLS revises the following month. Job growth has cooled (September 2026).

The backdrop

These are yearly Census counts, not this month's: 4.4% of rentals sat empty in 2024, permits for new apartments were down 24% in 2025, more people moved in than out in 2025, and the typical rent was $1,405 a month in 2024. They are the background the monthly figures move against, and they are the newest the Census has published.

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Common questions about Spokane

Answered from the data, updated October 31, 2026

Is the Spokane rental market tight or soft right now?

In Spokane right now, landlords have the edge, and it is cooling.

Which way is the Spokane market heading?

Spokane is cooling right now, as asking rents firm over the past year (Zillow ZORI, monthly).

Is Spokane a landlord's or a renter's market?

Spokane is a landlord's market right now: landlords have the edge, and it is cooling.

What is the vacancy rate in Spokane?

Vacancy in Spokane is 4.4% in the 2024 count, a yearly snapshot rather than a monthly reading (US Census Bureau).

How much have Spokane rents changed?

Asking rents in Spokane are up 2.7% over the past year (Zillow ZORI, monthly, latest Sep 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

SPR News Today: How housing is influencing some Washington state voters during election seasonSpokane Public Radio

Spokane Valley to request applications for housing and homeless outreach fundingNonStop Local KHQ

Thrive International relocated all the families in their housing program before they move out of their Spokane locationKXLY.com

More housing options sprouting up in Spokaneinlander.com

Mayor's Annual Address on Wildfires, Housing, and Community SafetyCity of Spokane

Former Spokane parking lot becomes 210 apartments with help from city tax incentiveKREM

See all Spokane news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.
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