seattle rental market

Photo: Zumper

Seattle remained one of the 10 most expensive rental markets in the US in November, Zumper’s latest National Rent Report shows. Median rent for a one-bedroom apartment rose 0.5 percent in the city, while in the country’s other nine top rental markets it either stayed steady or declined.

Taking the eighth spot on the list, Seattle beat out Chicago and Miami with median one-bedroom rent of $1,830. That’s an increase of 10.9 percent from the same time last year. Meanwhile, median two-bedroom rent in the city was $2,490 last month.

A recent report from Apartment List breaks down Seattle apartment rental prices by neighborhood, and shows that in November median two-bedroom rent was highest in the city’s Central Business District at $3,680. It was lowest in the Atlantic neighborhood, coming in at just $1,660 for a two bedroom.

Portland, Oregon was the closest west coast city to Seattle in terms of median one-bedroom rent last month. It came in 19th overall in the country with median one-bedroom rent of $1,350, and recorded median two-bedroom rent of $1,600.

Nationally, median rent for a one-bedroom unit grew for the first time in three months in November, rising 0.3 percent to reach a median of $1,129. Two-bedroom rent continued trending downward, falling 0.2 percent to hit $1,340.

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