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 $1,725 per month.
Everett
Over the past 3 months, Everett has experienced a modest decline in rental prices for most apartment types. Compared to 6 months ago, median rents decreased by approximately 2.9% for studios, 2.9% for 1-bedrooms, and 1.4% for 2-bedrooms, while 3-bedroom units saw a slight increase of 0.5%. These changes suggest a cooling in the rental market, possibly due to a seasonal dip in demand or a stabilization after prior growth. The median rental price across all unit types is approximately $1,805 per month.
Apartment listings
Below are some recent listing examples.
Seattle
Bellevue
Kent
Everett
(Data sourced from Apartments.com)