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Seattle's Median Rent Took A Dip To $1,600 in December

Zumper is back again with their monthly national rent report and it's become pretty common to see Seattle in the 10th spot on their list of highest median rents among major cities in December. The median price of a 1-BR according to them is $1,6000/month, which is actually a big dip from the last time we saw their numbers ($1,710). The median 2-BR will run you $2,280/month, which is also the 10th-highest in the nation.

Seattle's Central Business District (a.k.a. Downtown) continues to be the most expensive area in the city to rent with a median 1-BR cost of $2,510/month, which is pretty even with the previous numbers.

When Zumper expands their numbers to include all cities, Bellevue's median 1-BR rent continues to plummet from a high of $2,200 a few month back to $1,610. That puts it neck-and-neck with Seattle while Redmond and Kirkland trails both of them with $1,590 $1,550, respectively.

This is the part where we mention that Zumper's data is drawn solely from the asking rents for the listings on its site, not all available rentals in Seattle and surrounding cities. Therefore, it isn't a measure of what all Puget Sounders are paying, but it does offer one look at prices that prospective renters in the market are seeing.
· Zumper National Rent Report: January 2016 [Zumper]
· Seattle Median 1-BR Rent Now Up to $1,710/Month [CS]