Seattle’s median rent was the 10th highest in the nation last month, with a one bedroom costing a median of $1,770 per month and a two bedroom costing $2,400.
According to a recent Zumper report on rental trends, this summer the Central Business District is the most expensive neighborhood to rent in, with one-bedroom units going for a median of $2,390 per month. Pike Place Market one bedrooms are sitting at $2,220, Belltown units are going for $2,110 and South Lake Union one-bedroom apartments can be rented for $1,860. Lower-priced rentals at the $1,300 to $1,500 threshold can be found in and around the Mann, North Queen Anne and Briarcliff neighborhoods.
If $2,390 sounds like a crazy rate for a one bedroom, just be grateful you aren’t apartment hunting in San Francisco, where one bedrooms are renting for a median of $3,510 this summer. With rates so high, are Seattle residents getting what they pay for? Let’s take a look at what the median rates for a one bedroom will get you in some of Seattle’s hottest neighborhoods.
South Lake Union — one-bedroom median rent: $1,860
Taylor 28, a “luxurious, pet-friendly community” offers a one-bedroom, one-bathroom 1,147-square-foot apartment for $1,837 per month. The location is great, and the apartment complex comes with a BBQ, a fitness center and high-speed internet.
Belltown — one-bedroom median rent: $2,110
This one-bedroom, one-bathroom apartment at AVA Belltown is 784 square feet and is renting for $2,186. The gym is huge and the location puts you close to most major modes of public transportation.
Central Business District — one-bedroom median rent: $2,390
Listing: Harbor Steps Apartments
Harbor Steps is pet friendly and features an indoor swimming pool, indoor sports court, a yoga studio and glorious rooftop deck. Close to the water, industry, shopping and, well, just about everything, there’s a reason the Central Business District is gaining popularity. One bedrooms here start at $2,013.