Rental market snapshot for Cedar Park, Seattle

Cedar Park rental market summary

The rental market in Cedar Park, Washington is showing signs of growth. In July of 2023, there were 58 new listings, indicating an increase in rental activity. The median rent for the month of July 2023 was $2,045, a 3.3% increase from the previous month and a 5.1% increase from the same time last year. This indicates that rental prices are on the rise in Cedar Park, and that the rental market is becoming more competitive.

Overall, the rental market in Cedar Park is looking healthy. With an increase in new listings and a steady rise in rental prices, it is likely that the rental market will continue to grow in the coming months. As more people look to rent in Cedar Park, the competition for rental properties will increase, and rental prices will continue to rise.

Median rent for all residential properties in Cedar Park

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The most expensive listings and top trending buildings in Cedar Park

Most Expensive Listings

AddressRent PriceBed / Bath
13713 35th Ave NE$3,2753 / 1.5
12018 NE 125th St$3,1953 / 3.5
13713 35th Ave NE$3,1003 / 1.5
12736 Lake City Way NE$2,8252 / 2.0
12736 Lake City Way NE$2,8182 / 2.0

Top Trending Buildings

building nameavg rent price
Cushman & Wakefield$2,541
MIG Real Estate LLC$1,855

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Bedroom Breakdown in Cedar Park

Studio
$1,866
MEDIAN RENT
1 Bedroom
$2,104
MEDIAN RENT
2 Bedroom
$2,725
MEDIAN RENT

Cedar Park neighborhood apartments rents

The rental market for studios in Cedar Park, Washington is showing a slight decrease in rent from June to July 2023. There were 4 new studio listings in July 2023, with the median rent for studios at $1,866, a 1.3% decrease from the median rent of $1,891 in June 2023. This suggests that the rental market for studios in Cedar Park is becoming more competitive, with more options available for renters.

The rental market for 1-bedroom apartments in Cedar Park, Washington is relatively stable. In July 2023, there were 7 new 1-bedroom listings, and the median rent for 1-bedroom apartments was $2,104, only a .3% decrease from the median rent in June 2023. This indicates that the rental market for 1-bedroom apartments in Cedar Park is relatively steady, with only minor fluctuations in rent prices.

The rental market for 2-bedroom apartments in Cedar Park, Washington is showing signs of growth. In July 2023, there were 7 new 2-bedroom listings, a 7.8% increase in median rent from June 2023 to July 2023, and a median rent of $2,725. This indicates that the rental market for 2-bedroom apartments in Cedar Park is becoming more competitive and that demand is increasing.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Cedar Park is $2,045.
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