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Seattle 1-BR Median Rent Drops to $1,615/Month

Real estate website Zumper has released its September report (PDF) and, believe it or not, it looks like median rent is sliding downward around Seattle. Not by much, but, it's something. The median rental rate for a one-bedroom in Seattle has dropped 2.1% to $1,615/month. Meanwhile, median rate for a two-bedroom is down 1.9% to $2,251/month. The overall price per bedroom in Seattle is down 0.9% to $1,382/month. That puts Seattle at No. 8 amongst major U.S. cities and 36th amongst all cities. That actually puts it behind Bellevue (29th) but ahead of Redmond (45th). When it comes to specific neighborhoods, Seattle's Central Business District ranks as the 51st most expensive in the nation, with a median price of $2,790/month for a 1-BR.

FYI, Zumper's data applies to rentals advertised during the month of September, so the data really reflects what you might expect to pay if you moved a few weeks ago, rather than a citywide average of everyone's rent.
· Zumper Monthly Rent Report: September 2014 [Zumper]