Kent apartment rents up for eighth straight month

Median monthly rent $1,460 for one-bedroom unit

Apartment rents in Kent increased 0.9 percent in June compared to the previous month and are up by 3.8 percent compared to the same time last year.

Median monthly rents in Kent stand at $1,460 for a one-bedroom apartment and $1,820 for a two-bedroom, according to apartmentlist.com. This is the eighth straight month that the city has seen rent increases after a decline in October 2017. Kent’s year-over-year rent growth leads the state average of 0.9 percent, as well as the national average of 1.4 percent.

Throughout the past year, rent increases have been occurring not just in Kent, but across the entire Seattle-Tacoma metro area.

Federal Way has seen the fastest rent growth, with a year-over-year increase of 7 percent. The median two-bedroom there costs $1,730, while one-bedrooms go for $1,390.

Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,330; rents were up 0.5 percent over the past month but remained flat year-over-year.

Lakewood has the least expensive rents in the metro area, with a two-bedroom median of $1,430; rents were up 0.6 percent over the past month and 5.1 percent over the past year.

As rents have increased moderately in Kent, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Kent is less affordable for renters.

Rents increased slightly in other cities across the state, with Washington as a whole logging rent growth of 0.9 percent over the past year. For example, rents have grown by 3.1 percent in Vancouver and 0.7 percent in Spokane.

Kent’s median two-bedroom rent of $1,820 is above the national average of $1,180. Nationwide, rents have grown by 1.4 percent over the past year compared to the 3.8 percent rise in Kent.

More in News

Puget Sound Fire call report

Type, number of incidents

Kime to be sentenced Jan. 11 for Kent murder of baby Malijha Grant

Also convicted of assault in 2015 drive-by shooting

Kent to close section of Fourth Avenue downtown on Tuesday

Between West Gowe and West Harrison streets

Open group colors open canvas with message of hope, understanding

Young artists from OKAY! support group paint public mural with help from grant, educator

City of Kent to spend $300K for expansion of maintenance shops

New modular building to go up on property

Authorities need public’s help to find missing man from Skyway area

Detectives need the public’s help to locate a missing man from the… Continue reading

Joe Fain and Mona Das. FILE PHOTOS
Fain concedes election to Das in race for state Senate seat | UPDATE

Auburn Republican falls 548 votes behind Democratic challenger from Covington in latest count

Most Read