May 2025 Apartment and Condo Rental Prices in Greater Seattle

Apartments & Condos: Mixed Results with Suburban Momentum

The rental market for apartments and condos in May 2025 presented a more varied performance across the region. Some suburban areas saw notable gains, such as Bothell with a sharp 20.19% increase and Woodinville at 16.10%. Sammamish also saw solid growth at 8.65%, indicating that demand continues to spread into the outskirts. Kirkland (+4.66%), Redmond (+3.11%), Mercer Island (+4.73%), and Renton (+1.36%) also posted moderate increases.

Conversely, a few areas showed softening rental prices. Lynnwood (-3.21%), Shoreline (-2.92%), and Seattle (-2.87%) all experienced declines, possibly reflecting cooling demand in more urban markets. Everett and Newcastle also saw dips of -2.29% and -4.50%, respectively.

Overall, the apartment and condo sector appears relatively stable, though the strongest rental growth is clearly shifting toward suburban neighborhoods offering a balance of affordability and access to urban amenities.

Please reach out to us if you have any questions or concerns regarding the current rental market. We’d be happy to assist you.