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Downtown Rents Ten Years Ago

January 3, 2013 By 2 Comments

Our friends over at Seattle Rentals recently pulled the numbers on rents in downtown Seattle ten years ago versus today.

Avg $ in 2002 Avg $ in 2012
Studio: $548 Studio: $948
1 bedroom: $1,031 1 bedroom: $1,664
2 bedrooms: $1,166 2 bedrooms: $1,719
3+ bedrooms: n/a 3+ bedrooms: $2,200
Filed Under: Apartments Views: 852
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Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • phil

    I’m going to assume they are looking at the whole market and those prices reflect the influx of new, higher price point units built after 2002. Would like to see a comparison of rents of existing buildings to get a better look at price changes in the downtown.

    I can offer a real world comparison for Belltown. In 2002, I was paying $1,150 for a 1 bed unit with courtyard view balcony at 2300 Elliott. They are offering a comparable unit today for $1,395 (newly remodeled kitchen!).

    If anybody is interested – I would recommend the building for location, size of units, and the staff was very good when I lived there.

  • Amir

    My experience is more in line with the study … a 1st-floor version of the 2nd-floor 2BR/2BA/2 parking spot unit I was renting on Western and Clay in 2002 for $1,600 is now being offered for $2,245 … also, my 1BR rent in lower Queen Anne (couple blocks north of Denny) has increased from $1,100 to $1,300 just since 2009 in a 1999-built building