The median rent for a one-bedroom Seattle apartment rose 4 percent from August to September to reach an even $1,800 per month, says Zumper’s latest National Rent Report. While the city had the 11th most expensive one-bedroom rental market in the US in August, the jump pushed it into the top 10 once again.
Median rent for a two-bedroom apartment in Seattle saw an even bigger month-on-month jump in September, increasing to $2,410 per month.
Seattle took Honolulu’s place in the top 10, with the other nine cities on the list staying the same from August to September. San Francisco remained the country’s most expensive market for one-bedroom rentals by far, with median rent clocking in at $3,420 this month.
If that sounds insane to you, there’s always Toledo, Ohio. Median rent in that city is all the way at the other end of the scale — in September, median rent for a one bedroom was a reasonable $460 per month. Of course, to get that bargain you’d have to live in Toledo.
Nationally, rent prices are up since the beginning of the year, though a downward trend has taken hold the past few months. In September, rent for one-bedroom units nationwide fell 0.9 percent month-on-month to a median of $1,136 per month; meanwhile, two-bedroom rent fell 0.6 percent to a median of $1,350 per month.
The Zumper National Rent Report analyzes rental data from over 1 million active listings on Zumper. Data is aggregated on a monthly basis to calculate median asking rents for the top 100 metro areas by population. The report is based on data available in the month prior to publication.