Apartments in Lower Queen Anne Seattle

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Lower Queen Anne

A Seattle Neighborhood

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Budget

If you're not sure how much an apartment will cost, the table below shows the average price by size.

$1,432
Studio
$1,965
1 Bedroom
$2,797
2 Bedrooms
$3,306
3 Bedrooms
$5,029
4 Bedrooms
$5,009
5+ Bedrooms
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Seattle:
July Rent Report

Welcome to the July 2020 Seattle Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the July 2020 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 Decrease From June to July

Seattle rent prices decreased over the last month. From June to July, the city experienced a -1.16% decrease for the price of a one-bedroom apartment. The rent price for a Seattle one-bedroom apartments currently stands at $1,956.0.

When we take a look at the two-bedroom comparison from June to July, Seattle experienced a 1.15% increase for the price of a two-bedroom apartment. The rent price for a Seattle two-bedroom apartments currently stands at $2,461.0.

July Prices: Seattle vs. Surrounding Areas

Rent Prices in Seattle and Surrounding Areas

Rent prices have decreased 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 1 of the Seattle suburb increased last month. On the other hand, 6 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Kent, WA .

  • Rent decreased in Redmond, WA, Bellevue, WA, Kirkland, WA, Everett, WA, Renton, WA, Lynnwood, WA.

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

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

July 2020 Pricing Trends: Seattle vs. National Comparisons

Seattle Rent Prices More Affordable Than Major Cities

Rent growth in Seattle over the past year has been declining. 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 July 2020 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 July 1 BR M/M % Change 2 BR July 2 BR M/M % Change
Seattle, WA $1,979.0 -0.65% $2,433.0 1.80%
Redmond, WA $2,119.0 -2.53% $2,545.0 -6.40%
Bellevue, WA $2,366.0 -6.15% $2,800.0 -7.32%
Kirkland, WA $2,161.0 -1.19% $2,262.0 -5.44%
Everett, WA $1,331.0 -0.67% $1,518.0 -0.26%
Kent, WA $1,497.0 5.42% $1,674.0 0.36%
Renton, WA $1,495.0 -2.03% $1,801.0 -1.53%
Lynnwood, WA $1,263.0 -3.22% $1,698.0 -1.22%

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.