Apartment List Report on Seattle Metro: Rents Decline in Seattle, Rise in the Suburbs

Apartment List reports the following year-over-year declines in rent as of November:

• Seattle – 12.2 percent
• Bellevue – 7.8 percent
• Redmond -6.9 percent
• Kirkland -3.6 percent

Year-over-year effective rent increases

• Auburn + 3.6 percent
• Lakewood +2.7 percent
• Tacoma +2 percent
• Kent +1.6 percent
• Lynnwood +0.7 percent

Areas where rents remain flat year-over-year

Bothell

Renton

Everett

Federal Way