Seattle:
June Rent Report

Welcome to the June 2019 Seattle Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the June 2019 key findings and figures for the Seattle rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Seattle and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Seattle rent prices in the chart below.

Monthly Rent Report

Seattle Rent Prices Decreased From May to June

Seattle rent prices increased over the last month. From May to June, the city experienced a 6.67% increase for the price of a one-bedroom apartment. The rent price for a Seattle one-bedroom apartments currently stands at $1,839.

When we take a look at the two-bedroom comparison from May to June, Seattle experienced a 7.95% increase for the price of a two-bedroom apartment. The rent price for a Seattle two-bedroom apartments currently stands at $2,323.

June Prices: Seattle vs. Surrounding Areas

Rent Prices in Seattle and Surrounding Areas

Rent prices have increased in Seattle over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Seattle suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Federal Way, WA, Redmond, WA, Kirkland, WA, Kent, WA .

  • Rent decreased in Bellevue, WA, Sammamish, WA, Everett, WA.

  • 3 suburbs are currently priced higher than the city of Seattle.

  • 4 suburbs are currently priced lower than the city of Seattle.

June 2019 Pricing Trends: Seattle vs. National Comparisons

Seattle Rent Prices More Affordable Than Major Cities

Rent growth in Seattle over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Seattle rent prices appear to be relatively affordable for local residents.

The price for a Seattle one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's June 2019 National Apartment Report and data set here.

For more information about Seattle and surrounding area rent prices, take a look at the complete data set below.

Data set for Seattle and suburbs

1 BR June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Seattle, WA $1,724 4.68% $2,152 4.72%
Bellevue, WA $1,897 -3.02% $2,052 -0.73%
Sammamish, WA $2,295 0.00% $2,990 2.78%
Federal Way, WA $1,552 3.33% $1,899 0.69%
Redmond, WA $1,862 1.14% $2,264 2.44%
Everett, WA $1,250 -0.72% $1,574 0.77%
Kirkland, WA $1,774 2.78% $2,206 -0.54%
Kent, WA $1,459 5.42% $1,582 4.01%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.