Madison Park Rental: 3,100

2040

This fabulous two bedroom one bathroom waterfront condo located in the Madison Park neighborhood is available for rent! This unit has been completely remodeled and now features new stainless steel appliances, marble countertops, a spacious living area, and an extensive deck. This Seattle rental offers many attractions within close proximity, such as: local shops and restaurants, bus lines, parks, the beach and much more. It also offers covered parking, a washer and dryer inside the unit, and rent includes most monthly cost such as utilities and basic cable.  In addition, if you are a boat owner ask about the availability of a boat slip.

Please inquire with Kristine Losh if you want to learn more about this tremendous Seattle rental.

Status For Rent
Bed/Bath 2/1
Price $3,100/month

First Hill Rental: $3,000

first hill

This beautiful one bed two bath unit in First Hill is now available for rent, with an open floor plan, and an abundance of natural light. The unit features a wonderful chef’s kitchen, with top of the line appliances, and custom cabinets. It also features stunning views of Mt Rainer and Mt Baker. The master suite includes a built in office for your convenience, a steam shower, and alot of space. This unit is located in close proximity to Seattle University, Virginia Mason, and Cal Anderson Park.

Status: For Rent
Bed/Bath: 1,2
Price: $3,000/Month

Ballard Beachfront Rental: $4,500

Ballard rental

This lovely 2 bed, 1.5 bath beachfront condo is now available for rent in the Sunset Hill neighborhood. Located where the locks meet the Puget Sound, this top floor penthouse unit has private elevator access, an open floor plan with beautiful hardwood flooring, and high ceilings.The kitchen has granite counter tops, high end stainless steel appliances, and opens to the living/dining room area, which includes floor to ceiling windows, maximizing the views and light. The master bedroom has a walk in closet, laundry room, entertainment room, and one reserved parking space. The unit also features a large private deck. This rental is located within walking distance to downtown Ballard, and Golden Gardens. If you’re interested in this, or other Seattle Rentals, please contact your local real estate agent today.

Status: For Rent
Bed/Bath: 2/1.5
Price: $4,500

Seattle Rental Rates Continue to Rise

Over the past year, there has been more new construction for apartments than over the past two decades, but rental rates in Seattle seem to be unaffected. According to the Seattle Times, vacancy rates continues to remain low, and while the price retention doesn’t sit well with renters, the nearly 2,000 new apartments that filled quickly over the past year indicates a healthy rental market. Over the past few months the average rental rate rose to $1,190, and the vacancy rate in the city is set at 4.41%. Many are concerned that the overbuilding will affect rates, as a percentage of current renters are expected to become home buyers in the near future, but that didn’t seem to happen this year.

Photo credit: www.third-estate.com

Photo credit: www.third-estate.com

Many attribute this to the influx of employment opportunities in the city with Amazon Microsoft, and Google, setting the bar higher for an increase in employee housing, thus creating a greater need in Seattle’s rental market. The influx of new employees, combined with homes being taken off the market and put up for lease, has created a very healthy, thriving market, and it will be interesting to see where this next year takes us. For more information on Seattle rentals, contact your local real estate agent today.