{"id":161087,"date":"2017-01-03T19:45:53","date_gmt":"2017-01-04T00:45:53","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=161087"},"modified":"2017-01-04T03:59:28","modified_gmt":"2017-01-04T08:59:28","slug":"seattle-10th-hottest-us-rental-market-december-zumper","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/archives\/seattle-10th-hottest-us-rental-market-december-zumper","title":{"rendered":"Seattle became the 10th hottest US rental market in December, says Zumper"},"content":{"rendered":"

<\/h4>

\"seattle<\/a><\/p>\n

Infographic: <\/span>Zumper<\/span><\/a><\/em><\/p>\n

Seattle fell\u00a0two spots to become the 10th\u00a0most expensive rental market in the US in\u00a0December, according to\u00a0<\/span>Zumper’s\u00a0<\/span>most recent National Rent Report<\/span><\/a>. The median rent\u00a0for a one-bedroom unit sank<\/span>\u00a02.2 percent from the previous month, reaching $1,790, while median two-bedroom rent\u00a0dropped 3.6 percent to hit\u00a0$2,400. <\/span><\/p>\n

Despite those declines, median one-bedroom rent was\u00a0still up 8.5 percent year-over-year, while median two-bedroom rent was up 5.3 percent.\u00a0<\/span><\/p>\n

Nationwide, median one- and two-bedroom apartment rental prices increased just under 1 percent month-over-month, coming in at $1,139 and $1,348, respectively, in December. Skyrocketing rental prices in markets like Philadelphia have boosted the national median rent about 2.6 percent since 2015.<\/p>\n

The cheapest rent of all can be found in Toledo, Ohio, where a one-bedroom apartment rents for\u00a0a median\u00a0of $430. In other words, for the median price of a one-bedroom apartment in Seattle, you <\/span>could rent four apartments in Toledo. If you live in San Francisco, where a one bedroom costs a median of $3,350, you could rent\u00a0<\/span>seven apartments in Toledo.<\/span><\/p>\n

Sound tempting?\u00a0You may miss the mountains and city life of Seattle, but Toledo has its charms. Head out to the Cedar Point Amusement Park, a 364-acre water park with 75 heart-pounding rides, or ride a high-wire bike at the city’s hands-on science museum. You could also hit up a Toledo Mud Hens game and then go grab some chili dogs and fried pickles at famous restaurant Tony Packo\u2019s.<\/span><\/p>\n

That said, you may not want to pack your bags for Toledo just yet. After all,\u00a0Seattle rent prices are <\/span>showing signs<\/span><\/a> of dropping. Compared to a quarter ago, rent prices are down 2.8 percent in downtown Seattle, 3.5 percent in the University District and 3.1 percent in Queen Anne\/Magnolia neighborhood. New year, new rental market? Only time will tell.\u00a0<\/span><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

That’s down from the city’s eighth-place spot in November. <\/p>\n","protected":false},"author":24,"featured_media":161088,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2017-03-28T07:04:56Z","apple_news_api_id":"b1fcc08e-3f3c-4a0b-af31-d6c0315242e2","apple_news_api_modified_at":"2017-03-28T07:04:56Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AsfzAjj88SguvMdbAMVJC4g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11269],"tags":[],"coauthors":[8840],"apple_news_notices":[],"yoast_head":"\nSeattle 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