House rents in Kent rise sharply by 10.8% compared to 2020

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House rents in Kent rose 1.3% in August and are up 10.8% year over year.

Currently, average rents in Kent are $ 1,421 for a one-bedroom apartment and $ 1,819 for a two-bedroom apartment, according to apartmentlist.com. This is the sixth straight month the city has seen rent increases after falling in February. Kent’s year-over-year rental growth is ahead of the state average of 10% but is below the national average of 12.4%.

Over the past year there have been rent increases not just in Kent but throughout the greater Seattle-Tacoma area.

Tacoma saw the fastest rental growth in the metropolitan area, up 18% year over year. The average two-bedroom room there is $ 1,649 while a bedroom is $ 1,257.

Redmond has the most expensive rents in any of the major cities in the metropolitan area, with a two-room median of $ 2,510; rents rose 2.8% last month and 11.8% last year.

Lakewood has the cheapest rents in the metropolitan area, with a two-room median of $ 1,583; rents rose 1.9% last month and 16.0% last year.

As rents have risen sharply in Kent, rents have risen more modestly in some large cities across the country. When compared to most major cities across the country, Kent is less affordable for renters.

Rents rose sharply in other cities across the state, with Washington seeing overall rental growth of 10% over the past year. For example, rents in Spokane increased 31.2% and Vancouver 14.3%.

Kent’s average two-bedroom rent of $ 1,819 is above the national average of $ 1,246. Nationwide, rents rose 12.4% last year, compared to the 10.8% increase in Kent.

While rents in Kent rose sharply last year, many cities across the country also rose, including Phoenix (+ 22.9%), Austin (+ 19.2%) and New York (+ 14.4%).

Renters will generally find more expensive prices in Kent than in most major cities. For example, Spokane has an average two-bedroom rental of $ 1,375.

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