Statistics About The Average Rent In Seattle

In this post, we will explore a comprehensive overview of the average rent in Seattle, backed by a range of intriguing statistics. From the average rent in the city to specific neighborhood breakdowns, we’ll delve into the current trends and changes in Seattle’s rental market.

Statistic 1

""The average rent for an apartment in Seattle is $2,200.""

Statistic 2

""The neighborhood with the highest average rent in Seattle is Belltown, at $2,800.""

Statistic 3

""Seattle's average studio apartment rent is approximately $1,600.""

Statistic 4

""The average rent in the Queen Anne neighborhood of Seattle is $2,350.""

Statistic 5

""Seattle renters spend an average of 30% of their income on rent.""

Statistic 6

""Rents in Seattle peaked around 2020 and have since stabilized.""

Statistic 7

""The COVID-19 pandemic caused a temporary 5% reduction in Seattle’s average rent prices.""

Statistic 8

""Over the past year, Seattle's average rent has grown by 3.4%.""

Statistic 9

""The University District in Seattle has an average rent of $1,900.""

Statistic 10

""1-bedroom apartments in Seattle have an average rent of $1,850.""

Statistic 11

""Average rent in Capitol Hill, Seattle, is about $2,000.""

Statistic 12

""In the past decade, Seattle’s average rent has increased by approximately 80%.""

Statistic 13

""The fastest-growing rental market in Seattle is West Seattle.""

Statistic 14

""As of 2021, the average rent in Seattle's downtown area is $2,450.""

Statistic 15

""The average rent for a 2-bedroom apartment in Seattle is $2,700.""

Statistic 16

""The average rent for apartments in South Lake Union, Seattle, is $2,900.""

Statistic 17

""The average rental price for a luxury apartment in Seattle is around $3,500.""

Statistic 18

""98% of rental units in Seattle are currently occupied.""

Statistic 19

""Average rent prices in Seattle are higher than the national average by $600.""

Statistic 20

""Last year, Seattle's suburban areas saw an average rent increase of 2.5%.""

In conclusion, the average rent in Seattle is $2,200, with Belltown standing out as the neighborhood with the highest average rent at $2,800. Renters in Seattle generally spend around 30% of their income on rent, and while rents peaked in 2020, they have since stabilized. The COVID-19 pandemic led to a temporary 5% reduction in rent prices. Over the past year, Seattle’s average rent has grown by 3.4%, and over the past decade, rent has increased by approximately 80%. While Downtown Seattle commands an average rent of $2,450 and luxury apartments go for around $3,500, the University District offers a more affordable option at $1,900. South Lake Union boasts the highest average rent at $2,900 for apartments, while the fastest-growing rental market is in West Seattle. Overall, Seattle’s rental market remains strong, with 98% of rental units occupied and rent prices averaging $600 higher than the national average.