Renton apartment rents up 2.2 percent from last year

Prices have been rising for four straight months, after a decline in January.

  • Saturday, June 2, 2018 8:00am
  • News

Apartments rents in Renton are up 2.2 percent compared to the same time last year and increased 0.6 percent since the last month.

Prices have been rising for four straight months, after a decline in January, according to the May report from San Francisco-based Apartmentlist.com.

According to the site Renton’s year-over-year rent growth leads the state average of 1.6 percent, as well as the national average of 1.5 percent.

Median rents are $1,640 for a one-bedroom apartment and $2,040 for a two-bedroom.

The upward trend is apparent in surrounding cities as well.

Kent’s median two-bedroom rent of $1,800 is above the national average of $1,170.

Federal Way has seen the fastest rent growth in the metro area, with a year-over-year increase of 7.3 percent. The median two-bedroom there costs $1,730, while one-bedrooms go for $1,390.

Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,320; rents rose 0.7 percent over the past month but remained flat year-over-year.

Lakewood has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,420; rents grew 1.1 percent over the past month and 5.3 percent over the past year.

More in News

Photo by Haley Ausbun. Chairman of the Nishiwaki City Council Harunobu Hayashi offering a gift to Renton Councilmember Randy Corman.
A friendly bridge spanning years and oceans

Renton celebrates 50 years of partnership with Nishiwaki, Japa

Rotary honors Renton’s educators

As part of its commitment to education, and to celebrate teachers in… Continue reading

Courtesy of Puget Sound Energy. The red indicates the areas impacted by the outage.
Renton residents spend afternoon with no power

A power outage hit multiple neighborhoods and local grocery stores in Renton… Continue reading

Flying Fish: Lake Sammamish kokanee move to Orcas Island

It’s part of a program to preserve the unique freshwater salmon species.

Malena Gaces, left, and other members of Washington CAN protest unfair move-out charges and alleged discriminatory behavior outside Kitts Corner Apartments in Federal Way in 2018. Sound Publishing file photo
King County could increase tenant protections

The council is considering ordinances designed to help renters.

The 2015 Wolverine Fire in the Okanogan-Wenatchee National Forest near Lake Chelan. Photo courtesy of the Washington Department of Natural Resources.
The smoky summer that wasn’t

While Washington had a mild season, wildfires burned near the Arctic.

Renton city council split on I-976

Council chooses to take no official stance on car tabs initiative

Need more friends? Try reading this

Local author, psychologist offers advice on personal relationships

Body cameras? Renton is starting talks again

After four years the city is considering the new equipment

Most Read