This is usually the busiest time of year for the rental market. It’s when most renters move, and it’s when landlords typically crank rent increases into high gear. But new data from Apartment List suggests that rent growth will be sluggish this summer across parts of the metro area (Seattle, we’re looking at you) and the country more broadly.
Even so, Seattle’s overall median rent sits at $2,044 after a small increase in May: 0.6 percent over the previous month and 0.8 percent year-over-year, according to Apartment List. That far outpaces the national rate of annual rent growth: –0.8 percent. And, thankfully, it’s a far cry from the blistering
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