Courtesy Photo, Dwell at Kent Station

Courtesy Photo, Dwell at Kent Station

Apartment rents up 13.5% in Kent compared to same time last year

Rents up just 1% over past month, ninth consecutive month of increases

Apartment rents are up 13.5% in Kent compared to the same time last year, according to the October rental rate report by apartmentlist.com.

Rents were up just 1% over the past month, but took a big jump compared to October 2020. Kent’s year-over-year rent growth lags the state average of 16.6%, as well as the national average of 15.8%.

Currently, median rents in Kent stand at $1,477 for a one-bedroom apartment and $1,890 for a two-bedroom. This is the ninth straight month that the city has seen rent increases after a decline in January.

ADVERTISEMENT
0 seconds of 0 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:00
00:00
 

Throughout the past year, rent increases have been occurring not just in Kent, but across the entire Seattle metro area, according to apartmentlist.com.

Bellevue has the most expensive rents in the Seattle metro area, with a two-bedroom median of $2,534; the city has also seen rent growth of 19.4% over the past year, the highest in the metro area.

Over the past month, Redmond has seen the biggest rent drop in the metro, with a decline of 0.7%. Median two-bedrooms there cost $2,499, while one-bedrooms go for $2,226.

Lakewood has the least expensive rents in the Seattle-Tacoma metro area, with a two-bedroom median of $1,600; rents increased 0.1% over the past month and 16.8% over the past year.

As rents have increased sharply in Kent, a few large cities nationwide have seen rents grow more modestly. Compared to most large cities across the country, Kent is less affordable for renters.

Rents increased sharply in other cities across the state, with Washington as a whole logging rent growth of 16.6% over the past year. For example, rents have grown by 29.8% in Spokane and 14.7% in Vancouver.

Kent’s median two-bedroom rent of $1,890 is above the national average of $1,285. Nationwide, rents have grown by 15.8% over the past year compared to the 13.5% rise in Kent.

While Kent’s rents rose sharply over the past year, many cities nationwide also saw increases, including Phoenix up 27.4%, Austin 24.2% and New York up 18.9%.


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

Courtesy Photo, King County
Two men face murder charges in 2024 Covington shooting

Incident reportedly started over a stolen bong; 18-year-old man fatally shot

State Sen. Tina Orwall, D-Des Moines. COURTESY PHOTO, Legislative Support Services
33rd District Community Town Hall set for Saturday, March 15

Meet Sen. Tina Orwall and Reps. Mia Gregerson and Edwin Obras to ask questions and discuss issues

FILE PHOTO
Sophia Sappa, left, the sister of Gabriel Coury, and their parents Michael and Shellie Coury at a 2023 vigil for Gabriel in Kent. He was killed along 132nd Avenue SE after being struck by a vehicle while riding his scooter.
Project aims to reduce vehicle crashes along deadly corridor

Traffic safety campaign targets 140th/132nd Avenue SE corridor in Renton, Kent, Auburn

t
Kent Police Blotter: Feb. 24 to March 11

Incidents include stolen vehicles, employee theft, police pursuit, shooting

t
Proposal to raise pay for Kent mayor, City Council members

Each scheduled to receive 3.6% cost-of-living increase; mayor’s pay would jump to $219,720 per year

State Rep. Debra Enteman, D-Kent. COURTESY PHOTO, Debra Enteman
Debate heats up over Ferguson’s request for $100M to hire more police

House bill sponsored by Kent Rep. Debra Entenman says more than just more officers needed

t
Emphasis patrols in Kent over the weekend lead to arrests

Focus on areas with high crime activity on the East Hill, West Hill and in the Valley

t
Kent Mayor Ralph fights for right to raise sales tax

She says Legislature should help reward Kent for its strong economic impact on state

Photo courtesy of Katherine Haman
Washington Department of Fish and Wildlife staff clean up Caspian tern carcasses during the bird flu outbreak on Rat Island in Jefferson County, 2023.
How to navigate the bird flu in Washington state

“This looks like it might be the new normal,” said Chris Anderson, Washington Department of Fish and Wildlife.

Courtesy Photo, King County
Kent man sentenced for killing man who had affair with his girlfriend

Receives 18 years in prison for 2022 stabbing inside Des Moines apartment

t
Kent picks Scenic Hill’s ‘Sabella’ Curtis as Teacher of the Year

Kindergarten teacher says every student ‘deserves a dynamic, engaging and nurturing environment

t
Kent Mayor Dana Ralph to seek third four-year term

Ralph first elected mayor in 2017 and reelected in 2021