We are well into the winter slog where everything feels dark and dreary and slow. Even Seattle’s rental market is experiencing a seasonal slump.
According to the most recent data released from Apartment List, Seattle rents started the year flat, with median rates coming in at $1,970 in January. That’s relatively the same price as the median rent in December 2023, and it’s been flat for the last 12 months—give or take a few tenths of a percent. However, if Punxsutawney Phil is to be believed (not to mention the calendar), spring is around the corner. And with that comes rent increases.
Just how much pain rent growth can Seattle-area
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