Seattle rents declined for months amid the coronavirus pandemic. Now, they re starting to stabilize
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A pedestrian looks up at a “For Rent” sign in a window on Hayes Street in San Francisco on Friday, October 9, 2020. San Francisco s falling sales taxes and other data like declining apartment rents and busy movers strongly suggest the city s population is shrinking after four decades of growthNick Otto / Special to The Chronicle 2020
Seattle rents have declined for months since the start of the pandemic, dropping by 20% year over year.
But now, it appears rents in the region may be starting to stabilize, according to the latest report from ApartmentList. In January, rents in Seattle went down by about 0.8%. The median rent for a one-bedroom apartment in January was $1,366. For a two-bedroom apartment in Seattle, the median rent price stood at $1,666.