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Study finds Washington rent prices have jumped 8% since January

Washington state rent prices have increased 19% since 2020, the 8th highest increase nationwide.

SPOKANE, Wash. — The average price of a one-bedroom apartment in Washington state has increased 8% in the last six months, according to a study by QuoteWizard.

The average rent for a one-bedroom apartment in Washington state is $1,360 per month. That's an 8% increase from January 2022 and a 19% increase from 2020.

In Seattle, the average price of a one-bedroom apartment is $1,667, a 7% increase from January 2022 and an 8% increase from 2020.

The study also found that 48% of Washington renters spend more than 30% of their monthly income on rent.

In a recent study from the National Low Income Housing Coalition, fair market rent for a 2-bedroom apartment in Spokane is $1,007, which is 89% higher than other fair market rent areas.

Spokane has the highest rent increases in the state of Washington and is in the top three for highest rent spikes nationwide.

Idaho and Maine are the two states where rent has risen the fastest. Rental prices have increased 9% in Idaho since January 2022 and 44% since 2020.

46% of all Idaho renters spend more than 30% of their monthly income on rent.

QuoteWizard lists the average rent in Idaho as $945 per month. However, an April study from Rent.com found that most Boise rentals go for more than $2,000 per month and only 3% of rentals cost less than $1,000 per month.

To read the full study from QuoteWizard, click here.

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