Rental market snapshot for Totem Lake, Kirkland
Totem Lake rental market summary
The rental market in Totem Lake, Washington is showing signs of growth. In July of 2023, there were 159 new listings, a significant increase from the previous month. This indicates that more people are looking to rent in the area. The median rent in July 2023 was $2,493, a slight decrease of 0.6% from the previous month. However, when compared to the median rent in July 2022, the rent has increased by 10.9%. This suggests that the rental market in Totem Lake is becoming more competitive and that prices are increasing.
Overall, the rental market in Totem Lake is showing signs of growth. With more new listings and an increase in median rent, it is becoming an attractive option for renters. As the market continues to grow, it is likely that prices will continue to rise. Therefore, it is important for potential renters to act quickly in order to secure a good deal.
Median rent for all residential properties in Totem Lake
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The most expensive listings and top trending buildings in Totem Lake
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 12540 120th Ave NE | $5,700 | 3 / 2.0 |
| 12540 120th Ave NE | $5,586 | 3 / 2.0 |
| 11529 117th Ln NE | $4,200 | 3 / 3.0 |
| 11903 NE 128th St | $4,000 | 2 / 2.0 |
| 12540 120th Ave NE | $3,825 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Bell Partners Inc. | $2,773 |
| Fairfield Residential | $2,400 |
| Quarterra | $2,274 |
| Windsor Property Management Co. | $2,115 |
| Horizon Realty Advisors | $1,980 |
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Bedroom Breakdown in Totem Lake
Totem Lake neighborhood apartments rents
The rental market for studios in Totem Lake, Washington is showing signs of growth. In July 2023, there were 4 new studio listings, representing an increase in the number of available rental units. The median rent for studios in July 2023 was $2,048, a 16.4% increase from the median rent in June 2023. This suggests that demand for studio rentals is increasing, and that rental prices are likely to continue to rise in the near future.
The rental market for 1-bedroom apartments in Totem Lake, Washington is showing signs of growth. In July 2023, there were 32 new 1-bedroom listings, a 5.9% increase from the median rent in June 2023. The median rent for 1-bedroom apartments in July 2023 was $2,325, which is a slight decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with more options available for renters.
The rental market for 2-bedroom apartments in Totem Lake, Washington is showing signs of growth. In July 2023, there were 19 new 2-bedroom listings, a 5.1% increase in median rent from June 2023 to July 2023, and a median rent of $3,518. This indicates that the rental market for 2-bedroom apartments in Totem Lake is becoming more competitive and that demand is increasing.