Seattle’s rental market shows no signs of cooling

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Real Estate

Seattle’s rental market stayed red-hot through most of last year, and a new report from Zumper — an online rental platform — suggests rent prices in the area show no signs of cooling so far this year.

Seattle managed to stay out of the report’s top-10 U.S. cities where rent is most expensive — it landed at spot No. 13 — but its individual figures are still eye-popping.

The report says the average rent prices for one-and two-bedroom apartments in Seattle are currently $1,820 and $2,570 per month, respectively. Both figures represent a roughly 5% increase over what renters paid on average during December.  

That isn’t unusual by Seattle standards. But by looking at what the average renter paid during this time last year, you really start to understand how much rent prices increased during 2021. 

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