Rental market snapshot for Eastlake, Seattle
Eastlake rental market summary
The rental market in Eastlake, Washington is showing signs of growth. In July 2023, there were 88 new listings, a 17.8% increase from the previous month. This indicates that the rental market is becoming more competitive, with more people looking for housing in the area. The median rent in July 2023 was $2,350, a 5.8% increase from the same time last year. This suggests that the rental market in Eastlake is becoming more expensive, as demand for housing in the area continues to rise.
Overall, the rental market in Eastlake is showing signs of growth and increasing demand. With more new listings and a rising median rent, it is becoming more difficult to find affordable housing in the area. However, the increasing competition in the rental market could lead to better deals for those looking for housing in the area.
Median rent for all residential properties in Eastlake
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The most expensive listings and top trending buildings in Eastlake
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 2525 Minor Ave E | $7,695 | 7 / 2.5 |
| 109 E Roanoke St | $6,500 | 3 / 4.0 |
| 1800 Franklin Ave E | $5,750 | 4 / 5.0 |
| 80 E Roanoke St | $4,999 | 2 / 2.5 |
| 2217 Franklin Ave E | $4,500 | 5 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Cushman & Wakefield | $2,486 |
| Greystar Real Estate Partners LLC | $2,447 |
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Bedroom Breakdown in Eastlake
Eastlake neighborhood apartments rents
The rental market for studios in Eastlake, Washington is relatively stable. In July 2023, there were 6 new studio listings, and the median rent for studios was $1,460, which is a slight decrease of .9% from the median rent in June 2023, which was $1,474. This indicates that the rental market for studios in Eastlake is not experiencing any significant changes in terms of pricing or availability.
The rental market for 1-bedroom apartments in Eastlake, Washington is showing signs of growth. In July 2023, there were 3 new 1-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 1-bedroom apartments in July 2023 was $2,486, which is 7.2% lower than the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Eastlake, Washington is looking positive.
The rental market for 2-bedroom apartments in Eastlake, Washington is showing signs of improvement. In May 2023, there were 4 new 2-bedroom listings, which is a positive sign for the market. The median rent for 2-bedroom apartments in May 2023 was $2,400, which is 8.6% lower than the median rent in April 2023 ($2,625). This suggests that the rental market is becoming more affordable for tenants.