Seattle market rental trends report

Over the past 3-6 months, Seattle rental prices have seen a steady increase across all apartment sizes, with overall rents rising by approximately 3-6%. This surge in rental prices is largely attributed to a combination of limited housing inventory, continued demand in urban centers, and a recovering job market, particularly in tech and healthcare sectors. The current median rent for apartments in Seattle stands at approximately $2,950 per month, reflecting a strong demand for quality housing in the region.

Bellevue

Over the past 3–6 months, rents in Bellevue have held mostly steady to slightly rising, with modest increases in average asking prices month over month. The shift is largely driven by increased inventory coming online, cooling demand in higher‑end segments, and tenants pushing back on aggressive rent hikes. As of now, the median rent in Bellevue is approximately $3,000/month.

Kent

Over the past 3–6 months, rental rates in Kent have experienced modest fluctuations, with average asking prices inching downward slightly or remaining relatively flat depending on the bedroom count. According to Zillow, average rent across all unit types fell about $145 month‑to‑month. This shift appears driven by a mix of increasing supply, cooling demand in certain segments, and renters negotiating more aggressively on lease terms. Rents for larger multi‑bedroom units in particular faced downward pressure as newer inventory came online. As of the latest data, the median rent in Kent is approximately $1,825 per month.

Everett

Over the past 3–6 months, Everett’s rental market has cooled slightly, with average asking rents fluctuating slightly month‑to‑month. According to Zillow, the average rent is down about $18 from the prior month. This change is largely driven by increased inventory (as a number of new rental units have come online) and more cautious tenant demand, especially in higher‑cost segments. Economic pressures and tighter household budgets are also causing renters to push back on rent increases. Currently, the median rent in Everett across all unit types is about $1,725/month.

Apartment listings

Below are some recent listing examples.

Seattle

Modera Broadway Apartments

• Studio/1Bath | $1,758 | 473sqft

Radius Apartments

• 1Bed/1Bath | $2,457 | 568sqft
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One Lakefront

• 2Bed/1Bath | $3,362 | 953sqft

Connection on Broadway Apartments

• 3Bed/2Bath | $4,612 | 1,231sqft

Bellevue

Venn at Main Apartments

• Studio/1Bath | $1,945 | 488sqft

Vicino Luxury Apartments

• 1Bed/1Bath | $2,917 | 718sqft

Hyde Square

• 2Bed/2Bath | $3,394 | 1,046sqft

AMLI Bellevue Park

• 3Bed/2Bath | $4,452 | 1,256sqft

Kent

Dwell At Kent Station Apartments

• Studio/1Bath | $1,808 | 647sqft

Ethos Apartments

• 1Bed/1Bath | $1,920 | 648sqft

Midtown 64

• 2Bed/2Bath | $2,130 | 988sqft

Alexan Gateway Apartments

• 3Bed/2Bath | $2,834 | 1,309sqft

Everett

Allegro Lynnwood Apartments

• Studio/1Bath | $1,697 | 516sqft

Ember Apartments

• 1Bed/1Bath | $1,950 | 561sqft

The Reserve at Town Center Apartments

• 2Bed/2Bath | $2,172 | 956sqft

The Winsley Apartments

• 3Bed/2Bath | $2,292 | 1,264sqft

(Data sourced from Apartments.com)