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Seattle rents down 20% since start of COVID-19 pandemic

Published 6:45 am Thursday, December 3, 2020

A lone man walks a dog, Tuesday, March 24, 2020, near apartments in Seattle's Capitol Hill neighborhood. Washington Gov. Jay Inslee on Monday, March 23, 2020, ordered nonessential businesses to close and the state's more than 7 million residents to stay home in efforts to slow the spread of the new coronavirus. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Ted S. Warren)
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A lone man walks a dog, Tuesday, March 24, 2020, near apartments in Seattle's Capitol Hill neighborhood. Washington Gov. Jay Inslee on Monday, March 23, 2020, ordered nonessential businesses to close and the state's more than 7 million residents to stay home in efforts to slow the spread of the new coronavirus. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Ted S. Warren)
A man walks a dog March 24 near apartments in Seattle’s Capitol Hill neighborhood. (AP Photo/Ted S. Warren, file)

Associated Press

SEATTLE — Rents in Seattle are continuing to decline month after month amid the coronavirus pandemic.

November data from ApartmentList, found that Seattle rents declined 5.6% month over month and are down nearly 20% since the start of the pandemic in March. For the past eight months straight, Seattle has seen its rents fall, the Seattle Post-Intelligencer reported.

Median rents in Seattle were $1,395 for a one-bedroom and $1,739 for a two-bedroom.

The only city that saw rents decrease more than Seattle since the start of the pandemic was San Francisco, where rents have declined about 25.4%.

Nationally, rents fell just about 0.5% month over month and are down about 1.3% year over year.

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