Seattle Market Rental Trends Report | Relocity

Rental prices for all unit types, except 3 bedroom units, in Seattle have decreased slightly over the last 3-6 months after peaking through spring and summer due to increased demand. Three bedroom units have seen the steepest price incline over the last year, while Studio, 1 and 2 bedroom units have decreased slightly in cost. It is expected that prices will decline throughout the winter, and begin to increase with the onset of spring. Overall, Seattle rental prices are 32% higher than the national average making Seattle one of the most expensive cities in the US. As of January 2025, the median rent in Seattle is $2,500 per month; within this range the median rent is highest in Belltown at $2,525 per month.

Bellevue

Rental prices for all unit types in Bellevue stayed relatively consistent over the summer. In the last 3 months, studio, 1 and 2 bedroom unit prices began to decline, while 3 bedroom units increased. It is expected that prices will continue to decline throughout the winter, and begin to increase with the onset of spring. Rental prices are 52% higher than the national average. The current median rent in Bellevue is $2,795 per month; within this range the median rent is highest in Downtown Bellevue at $3,041 per month.

Kent

Rental prices for all unit types except 1 bedrooms in Kent have decreased slightly over the 3-6 months, following the construction of a number of new housing in the area. It is expected that prices will continue to decline throughout the winter, and begin to increase with the onset of spring. Rental prices are 8% higher than the national average and have stayed consistent over the last year. The current median rent in Kent is $1,859; within this range the median rent is highest in The Lakes at $2,269 per month.

Everett

Rental prices for all unit types in Everett have decreased over the last 3-6 months. Despite remaining fairly steady over the summer and fall, prices have begun to drop in the last month and are expected to decline into the winter, and begin to increase again with the onset of spring. Rental prices are 5% higher than the national average, and have decreased by only 1.8% in the last year. The current median rent in Everett is $1,775; within this range the median rent is highest in Everett Mall South going up to $3,944 in some locations.

Apartment Options

Below are some recent listing examples.

Seattle

4730 California

• Studio/1 bath
• Sq Ft: 517
• Rent: $1,792

Cascade South Lake Union

• 1bed/1bath
• Sq Ft: 736
• Rent: $2,774

One Lakefront

• 2 bed/2 bath
• Sq Ft: 791
• Rent: $3,209

The Danforth

• 3 bed/3 bath
• Sq Ft: 1,559
• Rent: $5,379

Kent/Renton Area

Bristol at Southport

• Studio/1 bath
• Sq Ft: 619
• Rent: $1,702

Prose in Kent

• 1 bed/1 bath
• Sq Ft: 739
• Rent: $1,901

Midtown 64

• 2 bed/2 bath
• Sq Ft: 988
• Rent: $2,695

Pinnacle on Lake Washington

• 3 bed/2 bath
• Sq Ft: 1943
• Rent: $3,908

Everett Area

The Villas at Beardslee

• Studio
• Sq Ft: 592
• Rent: $1,791

Avalon Alderwood

• 1 bed/1 bath
• Sq Ft: 740
• Rent: $1,940

The Elliot at Mukilteo

• 2 bed/2 bath
• Sq Ft: 1,080
• Rent: $2,229

Reserve at Town Center

• 3 bed/2 bath
• Sq Ft: 1,339
• Rent: $3,148

(Data sourced from Apartments.com)

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