Report: Rent prices in the Seattle metro area grew exponentially over the past year
Rent prices in Seattle are up nearly 19% since this time last year, dwarfing the average rates at which rent prices rose in Washington state — 17.8% — and across the United States — 17.1% — during that same time period.
That finding comes from Apartment List’s latest report about rent prices in the Seattle metro area. The report also found that prices in the city increased by 1% over the past month. That marks the second month in a row in which rent prices have increased in Seattle after declining slightly in January, the report said.
Right now, the median monthly rent price for a one-bedroom apartment in Seattle is $1,681. The median rent for a two-bedroom is $2,097. While those prices probably seem high, they’re actually some of the more affordable prices in the Seattle metro area.
The average rent for one- and two-bedroom apartments in Woodinville are $2,490 and $2,810, respectively. In Bellevue, those figures are $2,400 and $2,570. In Redmond, they’re $2,280 and $2,550. In Kirkland, they’re $2,090 and $2,430.
https://www.msn.com/en-us/news/us/report-rent-prices-in-the-seattle-metro-area-grew-exponentially-over-the-past-year/ar-AAVKXoE
