Kent apartment rents declined 0.2% in February compared to January, but have increased sharply by 15% in comparison to the same time last year.<\/p>\n
Currently, median rents in Kent stand at $1,476 for a one-bedroom apartment and $1,889 for a two-bedroom, according to apartmentlist.com. Kent’s year-over-year rent growth lags the state average of 19.2%, as well as the national average of 17.6%.<\/p>\n
Rates in Kent also dropped 0.2% in January compared to the previous month.<\/p>\n
Lakewood has seen rents fall by 0.8% over the past month, the biggest drop in the Seattle-Tacoma metro area. It also has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,539.<\/p>\n
Seattle proper has seen the fastest rent growth in the metro, with a year-over-year increase of 21.5%. The median two-bedroom there costs $2,080, while one-bedrooms go for $1,668.<\/p>\n
Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,517; rents grew 1.9% over the past month and 20.3% over the past year.<\/p>\n
As rents have increased sharply in Kent, a few large cities nationwide have seen rents grow more modestly, according to apartmentlist.com. Compared to most large cities across the country, Kent is less affordable for renters.<\/p>\n
Rents increased sharply in other cities across the state, with Washington as a whole logging rent growth of 19.2% over the past year. For example, rents have grown by 17.7% in Spokane and 14.8% in Vancouver.<\/p>\n
Kent’s median two-bedroom rent of $1,889 is above the national average of $1,294. Nationwide, rents have grown by 17.6% over the past year compared to the 15% increase in Kent.<\/p>\n
Renters will generally find more expensive prices in Kent than most large cities. For example, Spokane has a median two-bedroom rent of $1,301, where Kent is nearly one-and-a-half times that price.<\/p>\n","protected":false},"excerpt":{"rendered":"
Monthly increase just 0.2% compared to January <\/p>\n","protected":false},"author":212,"featured_media":55642,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,4],"tags":[],"yst_prominent_words":[],"class_list":["post-55641","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\/55641"}],"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\/212"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/comments?post=55641"}],"version-history":[{"count":0,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/55641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media\/55642"}],"wp:attachment":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media?parent=55641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/categories?post=55641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/tags?post=55641"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/yst_prominent_words?post=55641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}