Rent Growth in Seattle Outpacing Last Year

Seattle rents are more tortoise than hare these days, yet they’re still moving quicker than last year. From January to March, citywide rent grew 2.2 percent. During the same time period in 2023 growth was just 1.3 percent, according to new Apartment List data.

City rent has continued to grow slowly and mostly steadily, even as the rental market as a whole has cooled. Last month, for instance, city rent grew 1.4 percent over the previous March, a stark contrast to the national average, where annual rent growth has remained negative since last summer.

But slow and steady doesn’t mean a W for area renters, since Seattle remains one

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