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.


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