Apartment rents in Kent increased 0.9 percent in June compared to the previous month and are up by 3.8 percent compared to the same time last year.<\/p>\n
Median monthly rents in Kent stand at $1,460 for a one-bedroom apartment and $1,820 for a two-bedroom, according to apartmentlist.com. This is the eighth straight month that the city has seen rent increases after a decline in October 2017. Kent’s year-over-year rent growth leads the state average of 0.9 percent, as well as the national average of 1.4 percent.<\/p>\n
Throughout the past year, rent increases have been occurring not just in Kent, but across the entire Seattle-Tacoma metro area.<\/p>\n
Federal Way has seen the fastest rent growth, with a year-over-year increase of 7 percent. The median two-bedroom there costs $1,730, while one-bedrooms go for $1,390.<\/p>\n
Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,330; rents were up 0.5 percent over the past month but remained flat year-over-year.<\/p>\n
Lakewood has the least expensive rents in the metro area, with a two-bedroom median of $1,430; rents were up 0.6 percent over the past month and 5.1 percent over the past year.<\/p>\n
As rents have increased moderately in Kent, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Kent is less affordable for renters.<\/p>\n
Rents increased slightly in other cities across the state, with Washington as a whole logging rent growth of 0.9 percent over the past year. For example, rents have grown by 3.1 percent in Vancouver and 0.7 percent in Spokane.<\/p>\n
Kent’s median two-bedroom rent of $1,820 is above the national average of $1,180. Nationwide, rents have grown by 1.4 percent over the past year compared to the 3.8 percent rise in Kent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Median monthly rent $1,460 for one-bedroom unit <\/p>\n","protected":false},"author":538,"featured_media":35598,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,4],"tags":[],"yst_prominent_words":[],"class_list":["post-35597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-news"],"_links":{"self":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/35597"}],"collection":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/users\/538"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/comments?post=35597"}],"version-history":[{"count":0,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/35597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media\/35598"}],"wp:attachment":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media?parent=35597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/categories?post=35597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/tags?post=35597"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/yst_prominent_words?post=35597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}