Apartment List released their June Seattle rental report last week and it’s probably no surprise to anyone looking to rent in the region but prices continued to rise.
In Seattle, rent prices went up 0.9 percent between May and June and are now up 6.5 percent over the year. Per their research, a one-bedroom in Seattle has a median price of $1,730 while a two-bedroom will run you $2,250.
Among major U.S. cities, Seattle’s growth is tied for fifth-overall and it came in at No. 10 overall in terms of highest rents.
Seattle’s not the only Puget Sound place where rent keeps rising. Bellevue actually beats out Seattle with a one-bedroom median price of $2,070 and a two-bedroom median price of $2,540. Bellevue rents are up 8.9 percent from June 2015.
When it comes to the places where rent is rising the fastest, you might be surprised to find out Lynnwood leads the pack. The northern Seattle suburb has seen rents rise a whopping 13.2 percent in the last year. A median one-bedroom will run you $1,180, which is affordable by Seattle standards but way higher than it used to be.
Renton is the only other regional city to see double-digit rent growth (10.3 percent). Median one-bedrooms run $1,320 and the median 2-bedroom price is $1,550.