Seattle market rental trends report

Rental rates in Seattle have moderated slightly over the past 3–6 months, with most unit types experiencing small declines or leveling off after prior growth, reflecting a short-term cooling trend in early 2026. This shift has been driven primarily by increased housing supply, rising vacancy rates, and more balanced renter demand, along with typical seasonal softness during the winter leasing period that has given tenants more negotiating power. The current median rent in the Seattle market is approximately $2,515 per month.

Bellevue

Rental rates in Bellevue have moderated slightly over the past 3–6 months, with overall rents softening after a period of rapid growth, although some short-term monthly increases have occurred in early 2026. This shift has been driven by increased rental supply—particularly from new multifamily developments—and stabilizing renter demand, along with seasonal leasing patterns that typically soften pricing during the winter months. The current median rent in the Bellevue market is approximately $2,600 per month

Kent

Rental rates in Kent have remained largely stable over the past 3–6 months, with only minor fluctuations and slight short-term softening in some datasets, indicating a relatively balanced market. This stability has been driven by steady renter demand combined with adequate multifamily supply, which has kept pricing in equilibrium, along with normal seasonal leasing patterns that tend to soften rents during the winter months. The current median rent in the Kent market is approximately $1,900 per month.

Everett

Rental rates in Everett have been generally flat to slightly soft over the past 3–6 months, with average rent levels holding steady or showing modest decreases in recent listings and market reports. Several sources report little month‑over‑month growth, and some show marginal year‑over‑year declines, indicating a stabilizing rental environment rather than strong increases. This trend reflects moderating demand and increased rental supply in the area, along with broader seasonal and regional rental market dynamics that have softened pricing pressure compared with previous periods of rapid growth. Some segments of the market may still see upward pressure, but overall averages suggest a relatively balanced market. The current median rent for the Everett region is approximately $1,900 per month.

Apartment listings

Below are some recent listing examples.

Zig Apartments

• Studio/1Bath | $1,716 | 387 sqft

Radius Apartments

• 1Bed/1Bath | $1.864 | 539 sqft

One Lakefront

• 2Bed/1Bath | $3,015 | 912sqft

Rianna

• 3Bed/2Bath | $3,620 | 1,125 sqft

(Data sourced from Apartments.com)