Kent apartment rents up 4.3 percent from last year

Increase for seventh straight month

  • Friday, June 1, 2018 2:05pm
  • News
Kent apartment rents up 4.3 percent from last year

Apartment rents in Kent are up 4.3 percent compared to the same time last year and increased 1.1 percent since the previous month.

Prices have gone up seven straight months in Kent after a slight decline in October.

Median rents are $1,440 for a one-bedroom apartment and $1,800 for a two-bedroom unit, according to the May report from San Francisco-based Apartmentlist.com.

The prices are less affordable than comparable cities nationwide – Kent’s median two-bedroom rent of $1,800 is above the national average of $1,170.

Over 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 in the metro area, with a year-over-year increase of 7.3 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 $2,320; rents rose 0.7 percent over the past month but remained flat year-over-year.

Lakewood has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,420; rents grew 1.1 percent over the past month and 5.3 percent over the past year.


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

Maleng Regional Justice Center in Kent. FILE PHOTO, Kent Reporter
Man, 27, pleads guilty to fatal shooting at Kent apartments

Ongoing feud between two men ended with 2023 killing at Dockside Apartments parking lot

t
Kent city corrections officer on leave for alleged misconduct

Investigation started Feb. 28 against Sgt. Travis Reed and is ongoing

Courtesy Photo, Valley Cities Behavioral Health Care
Valley Cities to host community chat in Kent about fentanyl

Learn more about the fentanyl crisis affecting King County communities and Valley Cities response

t
City of Kent plans to once again market Naden property

Leaders hope right deal with developer can be found this time for city-owned land

t
Smoke alarm alerts Kent resident to house fire in kitchen

Fire that started after stove burner unintentionally left on displaces family of nine

Photo courtesy of Regional Animal Services of King County (RASKC)
County seeks information for animal cruelty case near Auburn

Three dogs were found off of Green Valley Highway with swollen muzzles, indicating abuse.

U.S. District Courthouse in Seattle. Courtesy Photo, DOJ
Kent man faces charge for possession of child sexual abuse images

Man, 53, part of nationwide crackdown led by FBI that led to 205 arrests

Photo of Natalie Gulizia. Photo courtesy of Dignity Memorial.
Kent woman sentenced for murdering daughter in Renton

Natalie Gulizia was 14 when her mother shot her in the head.

Panther Lake Elementary, 10200 SE 216th St., in the Kent School District. Panther Lake, Daniel and Meridian Elementary schools were recognized by the state for student success. COURTESY PHOTO, Kent School District
State honors three Kent elementary schools for student success

George T. Daniel, Meridian and Panther Lake receive recognition

t
City leaders, residents celebrate reopening of Kent Commons

Community center received $1.5 million renovation

Protesters against the Trump administration hit the streets May 1 in Covington. Photo by Bailey Jo Josie/Sound Publishing.
May Day rally in Covington attracts Trump protesters | Photos

At least 4th such rally in city; part of national and global opposition to presidential decisions

Courtesy Photo, State of Washington
Candidate filing begins for 9 Washington state legislative seats

Candidates can begin filing at 8 a.m. Monday (May 5) for more than 3,200 seats on city councils, county commissions, school boards, and special districts.