PHOTO CREDIT, Metro Creative Graphics

PHOTO CREDIT, Metro Creative Graphics

Kent apartment rents up 15% compared to February 2021

Monthly increase just 0.2% compared to January

Kent apartment rents declined 0.2% in February compared to January, but have increased sharply by 15% in comparison to the same time last year.

Currently, median rents in Kent stand at $1,476 for a one-bedroom apartment and $1,889 for a two-bedroom, according to apartmentlist.com. Kent’s year-over-year rent growth lags the state average of 19.2%, as well as the national average of 17.6%.

Rates in Kent also dropped 0.2% in January compared to the previous month.

Lakewood has seen rents fall by 0.8% over the past month, the biggest drop in the Seattle-Tacoma metro area. It also has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,539.

Seattle proper has seen the fastest rent growth in the metro, with a year-over-year increase of 21.5%. The median two-bedroom there costs $2,080, while one-bedrooms go for $1,668.

Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,517; rents grew 1.9% over the past month and 20.3% over the past year.

As rents have increased sharply in Kent, a few large cities nationwide have seen rents grow more modestly, according to apartmentlist.com. Compared to most large cities across the country, Kent is less affordable for renters.

Rents increased sharply in other cities across the state, with Washington as a whole logging rent growth of 19.2% over the past year. For example, rents have grown by 17.7% in Spokane and 14.8% in Vancouver.

Kent’s median two-bedroom rent of $1,889 is above the national average of $1,294. Nationwide, rents have grown by 17.6% over the past year compared to the 15% increase in Kent.

Renters will generally find more expensive prices in Kent than most large cities. For example, Spokane has a median two-bedroom rent of $1,301, where Kent is nearly one-and-a-half times that price.


Talk to us

Please share your story tips by emailing editor@kentreporter.com.

To share your opinion for publication, submit a letter through our website https://www.kentreporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) Please keep letters to 300 words or less.

More in News

File photo.
King County Council approves $5 million in funding for youth mental health

CDC statistics show increased mental health emergencies among youth during the pandemic.

(File photo)
Congressman introduces bill to discourage large investors from buying homes

Some point to large investors and private equity firms for the high cost of homes.

t
Senate race between Kent Democrats Kauffman, Kaur heads to recount

Kauffman leads Kaur by 65 votes for 47th District Senate seat bid against Republican Boyce

t
Two industry leaders take over LakePointe development in Covington

214-acre urban village to feature up to 1,750 residences, retail, office and hotel space

A map showing the expanding areas of wildfire risk in the region. Red areas indicate the greatest wildfire risk areas. (Courtesy of Washington Department of Natural Resources)
King County releases first-ever Wildfire Risk Reduction Strategy

Amid expanding fire risks, the plan makes recommendations for agencies across the region.

Photo courtesy of South Sound News
Office of Law Enforcement Oversight director issues statement on behavioral health response

Calls for non-law-enforcement teams to respond to non-violent emergencies related to mental health.

t
Kent City Council approves $7.2M purchase of land near Clark Lake Park

Buying of 17-acre Ruth property will complete city land purchases around the lake

Abortion rights protesters fill all four corners of the intersection in front of the Everett Planned Parenthood in support of abortion rights on Saturday, July 9, 2022 (Olivia Vanni / Sound Publishing)
GOP cheered abortion ruling. Democrats responded by voting.

A swell of electoral support for Democrats pushed turnout higher in primary. Republicans look to adjust for November

Most Read