Tacoma rents soar year over year

by Liz Economou

The cost to rent an apartment in Tacoma, some 30 miles southwest of Seattle, continues to soar, according to a new report by Apartmentlist.com.

Median rents in the mid-sized port city currently run about $1,280 for a one-bedroom apartment and $1,680 for a two-bedroom — a rise of nearly 19% year over year.

With 15 consecutive months of increases, Tacoma, known for playing second fiddle to Seattle, saw the largest yearly rent gains of any city in the Puget Sound region. That includes Bellevue and Kirkland.

Still, it’s more expensive to rent in places like Redmond, even Renton, where rents for a two-bedroom unit stand at $2,560 and $2,190, respectively.

Beyond the Puget sound region, rents in other cities also increased sharply. Spokane, for example, saw a spike of 29.2% in rental growth.

In all, the Evergreen state logged rental increases of more than 14% year over year.


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