Report: Seattle rent increased nearly 19% year over year

Average rent in Seattle has increased by 18.9% compared to the same time last year, according to a report from Apartment List.

For April 2022, the average rent in Seattle for a one-bedroom apartment is $1,681 and $2,097 for a two-bedroom.

The 18.9% increase for Seattle is more than the state average of 17.8%, as well as the national average of 17.1%.

Areas around Seattle all have similar increases, with Bellevue the most expensive, with average rent growth of 20.9% over the past year.

The least expensive rent is in Lakewood, where the two-bedroom average is $1,540.

Over the past month, Tacoma is the only measured city around Seattle that has seen rent fall, with a decline of 0.2%.

Compared to most large cities across the country, Seattle is the least affordable for renters.

The $2,097 rent for a two-bedroom in Seattle is higher than the national average of $1,306.

While Seattle’s 18.9% may appear to be high, other cities have seen higher increases, year over year.

New York City rent grew 33.3%, Phoenix increased 25.4% and Austin, Texas went up 22.6%.

For the complete Apartment List report, click here.