Kent apartment rents up 4.3 percent over last year

Increases just 0.3 percent in October from September

Kent apartment rents up 4.3 percent over last year

Apartment rents in Kent are up 4.3 percent compared to the same time last year.

Rents were up 0.3 percent in October compared to the previous month, according to apartmentlist.com. Median rents in Kent stand at $1,450 for a one-bedroom apartment and $1,810 for a two-bedroom. Kent’s year-over-year rent growth of 4.3 percent leads the state average of 1.2 percent, as well as the national average of 1.1 percent.

Throughout the past year, rent increases have been occurring not just in Kent, but across the entire Seattle metro area. Nine of the 10 cities where stats were compiled have seen prices rise.

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

• Lakewood has the least expensive rents in the Seattle-Tacoma metro area, with a two-bedroom median of $1,440; additionally, the city has seen the fastest rent growth in the metro area over the past month (0.9 percent).

• Over the past year, Seattle proper is the only city in the metro that has seen rents fall, with a decline of 1.3 percent. Median two-bedrooms there cost $1,660, while one-bedrooms go for $1,340.

• Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,350; rents fell 0.7 percent over the past month but rose 2.7 percent over the past year.

As rents have increased significantly 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 slightly in other cities across the state, with Washington as a whole logging rent growth of 1.2 percent over the past year. For example, rents have grown by 1.4 percent in Spokane and Vancouver.

Renters will generally find more expensive prices in Kent than most large cities. For example, Spokane has a median 2-bedroom rent of $890, where Kent is more than twice that price.




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

t
Des Moines Police searching for armed suspect after assault

Man reportedly pistol-whipped two adults in their home Friday morning, Feb. 28

Image courtesy King County Public Health Seattle & King County
Measles detected in King County infant

The patient visited multiple locations around the county between Feb. 20 and Feb. 25, including Bellevue Square, Bothell, and Redmond.

t
Kent Police arrest 16-year-old boy for Renton carjacking

Pursuit leads to arrest early Wednesday morning, Feb. 26 after vehicle spotted on East Hill

t
Kent Police Blotter: Feb. 9-23

Incidents include shots fired, mall robbery, stolen water cannon, copper wire theft

File Photo
Kent Police arrest mother walking and yelling at young boy

Taken into custody for criminal mistreatment investigation; 911 callers reported Sunday incident downtown

King County’s Clark Children and Family Justice Center in Seattle. FILE PHOTO
Tacoma teen pleads not guilty to November 2024 Kent murder

Prince Mayamba, 17, accused of firing six shots into vehicle and killing 21-year-old SeaTac man

The Federal Way Link light rail extension between Federal Way and SeaTac is scheduled to open in 2026. COURTESY PHOTO, Sound Transit
Temporary nighttime lane closures on I-5 south of Kent

Sound Transit project will close 2 southbound right lanes on certain nights from Feb. 24 to March 13

t
Kent-based Puget Sound Fire raises staffing on ladder trucks

Federal grant of $3.4 million pays for extra firefighters on ladder trucks for next 3 years

t
Kent renews contract to keep crime-fighting Flock cameras

Take photos of vehicle make, model and license plate at streets across the city

Austin Leming, reported missing in 2021, was last seen in Kent. COURTESY PHOTO
Reward increases for tips about missing man last seen in Kent

Crime Stoppers offers $21,000 for information about Austin Leming’s 2021 disappearance

Holy Spirit Parish in downtown Kent. COURTESY PHOTO, Holy Spirit Parish
Kent’s Severe Weather Shelter housed dozens of people

As many as 36 people stayed one night during February’s freezing temperatures

File Photo
Kent Police officer shoots, injures man in Des Moines

Feb. 14 incident under review by Valley Independent Investigative Team