Rent Report

Seattle Rents Still Climbing for the Sixth Straight Month

Inflation is driving prices up, according to the latest data from Apartment List.

By Seattle Met Staff

Renton counts Topgolf and views of Lake Washington among its suburban allures. 

Call it a sign of the inflation times: Seattle rents have gone up for six months in a row, according to the latest Apartment List data. That's true everywhere, one might argue, but on a national scale, the Seattle metro area ranks fourth in terms of rent growth over the last six months, behind just Rochester, Providence, and San Jose.

So it's expensive to rent here. Here were the eight cities in the greater Seattle area where you'd have shelled out the most in July 2022.

8. Seattle

Traditionally, summer is a busy time for housing, which means a more robust sales market and steeper rents. Still, a 2.2 percent month-over-month increase in Seattle apartment prices is pretty eye-opening.
Median one-bedroom rent: $1,710
Median two-bedroom rent: $2,070
Year-over-year rent growth: 9.1 percent

7. Renton

A 0.8 percent month-over-month price growth may not seem like much, but this inner-ring burb has seen double-digit percentage jump in year-over-year growth. In July 2021, the median price of a one-bedroom in Renton was just $1,494.
Median one-bedroom rent: $1,710
Median two-bedroom rent: $2,170
Year-over-year rent growth: 14.5 percent

6. Mountlake Terrace

Another close-in suburb, Mountlake Terrace has seen slower year-over-year growth than other cities on this list (last year, the median price of a one-bedroom was $1,561) but it's still substantial when you think of pre-pandemic times.
Median one-bedroom rent: $1,740
Median two-bedroom rent: $2,030
Year-over-year rent growth: 11.5 percent

5. Bothell

Once a quiet bedroom community to the north, Bothell is apparently one of the hottest places to rent (and buy) in the area. Just check out that year-over-year growth and the 2 percent month-over-month increase.
Median one-bedroom rent: $1,920
Median two-bedroom rent: $2,240
Year-over-year rent growth: 17 percent

4. Kirkland

If rents looked pricey west of the lake, don't take a gander at the Eastside. Kirkland's median one-bedroom price is more than a two-bedroom in Seattle.
Median one-bedroom rent: $2,170
Median two-bedroom rent: $2,360
Year-over-year rent growth: 16.7 percent

The new and improved Village at Totem Lake in Kirkland.

3. Bellevue

Bellevue's month-over-month growth back in June was a whopping 3 percent. That's slowed considerably to 0.8 percent in July, but those median rents are still some of the highest in the area.
Median one-bedroom rent: $2,190
Median two-bedroom rent: $2,440
Year-over-year rent growth: 15.8 percent

2. Redmond

With already high median rents, Redmond's consistent growth each month is that much more impressive. For context, the median rent of a one-bedroom apartment back in January 2022 was just $1,882.
Median one-bedroom rent: $2,210
Median two-bedroom rent: $2,490
Year-over-year rent growth: 17.8 percent

1. Issaquah

Apartment List's updated data collection and analysis methodology lacks median one-bedroom stats for Issaquah, but a $2,560 price tag for a two-bedroom apartment is enough to earn this burb a spot at the top of the list.
Median one-bedroom rent: N/A
Median two-bedroom rent: $2,560
Year-over-year rent growth: 17.6 percent

Issaquah, do you think money grows on trees?

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