{"id":39906,"date":"2019-04-01T13:31:00","date_gmt":"2019-04-01T20:31:00","guid":{"rendered":"http:\/\/www.kentreporter.com\/news\/kent-apartment-rental-rates-drop-slightly\/"},"modified":"2019-04-01T13:31:00","modified_gmt":"2019-04-01T20:31:00","slug":"kent-apartment-rental-rates-drop-slightly","status":"publish","type":"post","link":"https:\/\/www.kentreporter.com\/news\/kent-apartment-rental-rates-drop-slightly\/","title":{"rendered":"Kent apartment rental rates drop slightly"},"content":{"rendered":"

Apartment rents in the city of Kent dropped 0.3 percent in March compared to February.<\/p>\n

No other city in the Seattle metro area had rents drop, according to apartmentlist.com<\/a>, which compiles monthly reports. Despite the drop, rents are up 2.5 percent in Kent compared to March 2018. <\/p>\n

Median rents in Kent stand at $1,460 for a one-bedroom apartment and $1,810 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in December 2018. Kent’s year-over-year rent growth leads the state average of 1.4 percent, as well as the national average of 1.3 percent.<\/p>\n

While Kent’s rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.7 percent), Austin (+3.1 percent), and Denver (+2.0 percent).<\/p>\n

Lakewood has the least expensive rents in the Seattle metro area, with a two-bedroom median of $1,460; the city has also experienced the fastest rent growth in the metro area, with a year-over-year increase of 4.2 percent.<\/p>\n

Rents increased slightly in other cities across the state, with Washington as a whole logging rent growth of 1.4 percent over the past year. Rents have grown by 1.5 percent in Vancouver and 1.2 percent in Spokane.<\/p>\n

Renters will generally find more expensive prices in Kent than most large cities. For example, Spokane has a median 2BR rent of $900, where Kent is more than twice that price.<\/p>\n","protected":false},"excerpt":{"rendered":"

Median monthly price at $1,460 for one-bedroom unit <\/p>\n","protected":false},"author":106,"featured_media":39907,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,4],"tags":[],"yst_prominent_words":[],"class_list":["post-39906","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\/39906"}],"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\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/comments?post=39906"}],"version-history":[{"count":0,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/39906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media\/39907"}],"wp:attachment":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media?parent=39906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/categories?post=39906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/tags?post=39906"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/yst_prominent_words?post=39906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}