Like the housing market, apartment rental prospects have transformed in recent years. Our expectations and desires have shifted, with renters searching for more space — often at a higher price tag. And, according to a new study from RentCafe, that’s especially true in Seattle.
Of the 100 largest cities in the U.S., Seattle ranked at No. 91 when it came to affordable space. A monthly budget of $1,500, on average, affords you 475 square feet of space — less than a typical one-bedroom apartment. On average, the typical Seattle renter opts for a larger place, paying $2,181 for 791 square feet.
Young Seattleites seem especially willing to accept the high prices. Rental applications from Gen Z candidates jumped 52% in the city, year over year.
Additionally, other areas within the Seattle metro offer less expensive alternatives. In Marysville, a $1,500 can get you a 826-square-foot apartment — that’s nearly double the amount of space available in Seattle proper. Marysville is followed by Fife and University Place, where 810 square feet of space is available for the same budget.