If you lived in a Seattle-area apartment back in March 2020, you know firsthand the pandemic seesaw that is the rental market. Rents dipped, then soared. Now, two years after that fateful month, they’re almost back—or way over—where they once were.
Take Seattle proper: Last month, rents were down just 2.1 percent since March 2020, according to data from Apartment List. But look pretty much anywhere else in the Puget Sound area—Bellevue, Federal Way, Bothell, Auburn—and rents were up across the board, as much as 25 percent in some cities.
Compared to last year, though, Seattle has still experienced staggering growth by pre-pandemic standards: up nearly 19 percent. And those other major cities around
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