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Seattle market rental trends report

Relocity April 17, 2025

Rental Trends

3:20

Over the past 3 to 6 months, Seattle rental prices have experienced a noticeable increase, with rents rising by an average of 5-8%. This uptick can be attributed to a combination of factors, including limited housing inventory, strong demand from both relocating professionals and students, and ongoing economic recovery in the region. Currently, the median rent for a Seattle apartment is approximately $2,400 per month.

Bellevue

Over the past 3 to 6 months, Bellevue rental prices have seen a moderate increase, with rents climbing by approximately 4-6%. This rise has been driven by continued demand from professionals in the tech and corporate sectors, along with limited new housing supply and ongoing interest in the city's proximity to major employers. The current median rent for an apartment in Bellevue is around $2,600 per month.

Kent

Over the past 3 to 6 months, rent prices in Kent have seen a modest increase, rising by about 4-6%. This change is primarily driven by increased demand as more residents are seeking affordable housing options outside of Seattle, coupled with a steady influx of people moving to the region for work and lifestyle opportunities. The current median rent for an apartment in Kent is approximately $2,100 per month.

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Everett

Over the past 3 to 6 months, rental prices in Everett have experienced a moderate increase, with rents rising by approximately 3-5%. This change can be attributed to a growing demand for more affordable housing options in the region, as well as an influx of residents seeking proximity to major employers and the scenic waterfront. The current median rent for an apartment in Everett is around $2,200 per month.