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Seattle apartment rents exceed the averages for Washington State and the U.S.

Seattle Apartment Rent Growth Leads State and National Averages 

Seattle apartment rents increased 1.0% between February and March, and have increased sharply by 18.9% from a year ago, Apartment List reported. Currently, median rents in Seattle stand at $1,681 for a one-bedroom apartment and $2,097 for a two-bedroom–below the levels seen in San Francisco, Los Angeles or New York City, but higher than Austin, Denver or Washington, DC.  

March represented the second straight month that the city has seen rent increases after a decline in January. Seattle’s year-over-year rent growth leads the state average of 17.8%, as well as the national average of 17.1%. 

Bellevue has the most expensive rents in the Seattle metro, with a two-bedroom median of $2,573 as of March; the city has also seen rent growth of 20.9% over the past year, the fastest in the metro. Lakewood has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,540. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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