Seattle apartment renters finally experienced relief in September after rents rose for seven consecutive months. Those priced out and rent-weary in Seattle could take heart in the latest Apartment List data. The city’s rent growth declined the third most in October.
However, rents in October were still up 0.7 percent from the same month in 2021, despite the good news on affordability. Seattle rents are still up 14 percent compared with March 2020, when national housing prices went on a roller coaster.
Below is a link to a SeattleMet.com article that expands on the above recap and includes data for Seattle, Renton, Mountlake Terrace, Bothell, Bellevue, Kirkland, Redmond, and Issaquah.
At Sound Point Property Management, we strive to stay informed about our region’s rental market trends.
Please contact us today if you are interested in learning more about our services and how we might help you manage your rental.