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Seattle market rental trends report

Relocity Updated on January 28, 2026

Rental Trends

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Over the past 3–6 months, Seattle rental prices have moderated after a period of increases, with average rents for studios, 1-bedroom, 2-bedroom, and 3-bedroom units all showing a decline in the most recent quarter. This marks a cooling trend compared to the growth observed over the prior six months. The change has been driven by increased rental supply in both older and newer buildings, along with softening renter demand, giving tenants more leverage in lease negotiations. Seasonal trends and greater availability of family-sized units also contributed to this adjustment. The current median rent for the Seattle region is approximately $2,515 per month in the most popular neighborhoods.

Bellevue

Over the past 3–6 months, Bellevue rental prices have moderated after a period of rapid growth, with averages decreasing across all unit types compared to the previous six months. Studios, 1-bedroom, 2-bedroom, and 3-bedroom units all saw a slight softening in advertised rents, reflecting a cooling in the market. This change has been driven by increased availability of rental units, particularly in newer buildings, and stabilizing renter demand after strong growth earlier in the year. Seasonal factors and greater lease flexibility have also contributed to the downward adjustment in asking rents. The current median rent for the Bellevue region is approximately $2,600 per month.

Kent

Over the past 3–6 months, rental prices in Kent, WA have been largely stable, with most units showing only modest change in advertised rents. This reflects a continued period of market equilibrium following modest growth earlier in 2025. The stability is primarily due to steady renter demand coupled with an ample supply of multifamily units in suburban areas, which has balanced the market and limited sharp rent increases. At the same time, larger units (2–3 bedrooms) remain slightly more resilient due to family demand. The current median advertised rent for Kent is approximately $1,920 per month.

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Everett

Over the past 3–6 months, rental prices in Everett, WA have been mostly stable, with advertised rents showing only moderate increases. The stability is largely due to steady demand among local renters paired with a consistent supply of multifamily and suburban units, which has balanced the market and limited sharp rent increases. Larger units (2–3 bedrooms) continue to see slightly stronger demand from families, maintaining a relative premium. The current median advertised rent for Everett is approximately $1,830 per month.