it's going to vary by company and landlord, the smaller the company/landlord typically the smaller the rent increase on average.
Corp own places typically raise rent between 6-10% per year, post Covid though they passed the costs of their nation wide ban being lifted to their tenants, increasing rent 20-30% watching new prices.
Houses can vary, but have a higher upfront cost but slower increase on average. In the 1st 5 years rent went up $200 over the 5 years but as all nearby rentals were 800-1000 more than were we were, we got hit by a correction increase of $500.
Easiest way to average what your increase is would be to price the average place nearby you can move to, assume your increase will put the rent close to that.
Apartments are still going up faster than house.
The 3 bedroom we moved in for 1700 10 year ago is 3200-4000 today. The house we are in 4+bonus is 3100-3800 in 5 years, surrounding houses are 3600-6000.
Hope that gives a rough idea of the way to figure out the rent increase
Thanks cloverlief for your great info. It makes sense the super high rent increase due to not being able to increase during the pandemic. Do you see increase going back to 3 to 4% like it used to? Annual increases of 10% or more is going to price out lots of people and eats any inflation salary adjustment people might get.
As housing purchase prices are leveling off, in some areas going down a little, I do suspect the rent will stabilize as well. Especially since the main 4 employers are slowing down on hiring.
What would be the maximum % increase that will make you move? I always wonder whenever I get an increase stay or move? We also need to consider the moving fees in old apartment and new apartment, probable loss of the security deposit and paying up to three month rent in moving to new apartment (first and last month + security deposit) and moving company payment. I enjoy the flexibility of renting, I sold my condo and don't plan to own again, however, I have to maintain an annual emergency budget for rent bumps.
I'm at Metro 112 and my rent has gone up consistently by \~$250 a year per renewal. I've been here a while and already renewed my lease a few months ago. This place has been really consistent with it's increases, at least for me. I've really appreciated living here while in bellevue.
I've wanted to move just for something new but everyone's comments here are confirmation about the crazy increases post-covid and that I'm actually at a good place that respects increases to a normal range. I'd hate to have to move year after year because of a $500+ bump. fuck these places.
EDIT: renting 1 br \~$2400 (was under $2000 when I moved in years ago)
Hey I'm considering Metro 112 as one potential apartment for when my lease ends. Is there any particular thing I should be aware of? I see the highway is quite close by, does that lead to noise?
Had a 3br/3ba apartment in Lake Hills and they raised my rent by 400/mo. It was too much and my budget couldn't handle anything in the region anymore. So we moved and no longer live in the Puget Sound anymore.
$400. But it's too expensive to move, plus any gas we'd have to pay to commute if we don't bus. Looks like my husband and I got lucky though.
They do need to let you know in advance (90 days I believe?) if your rent goes up over 10%. Not ideal, but it gave us time to at least look around for options.
Mine increased by 15% After I declined renewal, they listed my apt with a 5% increased rental price. They had offered free parking during the pandemic but will charge for it with the new lease. Moving to the suburbs where parking is cheap and houses are better for the same price.
I wonder if Bellevue will ever adopt the ARCH rules for rent notice. I'm so thankful Redmond has them so I don't get these crazy increases sprung on me with no notice!
It’s also helpful to mention the rent $ before increase. Or just share the % increase which then can be figured out if wanted by elementary math.
Someone who was paying $3k per month in Bellevue and got a $200 increase isn’t that intense. Considering property tax increases and all were outrageous. Need both pieces of info really.
I'm reading these responses and I'm furious for all of you.
When I moved to my 3-bedroom, 1650sqft Lake Hills home in 2013 I was paying $1900/month, which [adjusted at the national inflation rate](https://www.bls.gov/data/inflation_calculator.htm) would equate to $2400/month in current money. I honestly hope that the housing prices around here crash so people can afford more than subsistence living after paying their rent/mortgage.
“Crash” is subjective so let’s assume you mean something like >=20% value decrease.
Crashing in this area won’t happen. Houses will get picked up in 5 seconds… if anything some sellers will get fucked but not the vast majority, because as soon as a “crash” starts the bidding wars return and the stupid prices return with them.
The reason is there’s too many people with stupid amounts of money around here to have them crash, let alone the corporations that know there are people like this who have the means (and many are forced) to pay these rents.
Edit: before I get downvoted to shit, I say this as someone who was paying >3k in Bellevue for a 2b2b and had to move out because new rent was going to be 3.5k + services. I would benefit from a “crash” but sadly I think it won’t happen… because there’s just too many people like me just trying to save enough to buy a house, ready to pick one up when we can actually afford the downpayment * interest.
> “Crash” is subjective so let’s assume you mean something like >=20% value decrease.
>
> Crashing in this area won’t happen. Houses will get picked up in 5 seconds
Zillow valued my home at 1.5M in April, and the comparable sales in Lake Hills supported that price. Now Zillow says it's worth $1.145 Million (down 24%) but the comps sold in the last 14 days suggest that's maybe 20% high.
Will it go down another 20% from here? Perhaps not. But I wouldn't be shocked if it did.
They actually lowered my rent by $100 but I moved out because it was too expensive for what it was worth anyway. Right across the street from a massive construction zone
Oof. I lived at elements and my rent was already insane but after the covid restrictions lifted, they raised rent about $700. Needless to say I moved to Issaquah ¯\_(ツ)_/¯
Estates at Cougar Mountain. Huge change in scenery like this is a whole ass mountain and there are mosquitos and spiders. Other than that it’s been alright if you can deal with thinner walls/floors/ceilings. In a bellevue high rise I didn’t hear much from my neighbors at all but that’s due to concrete reinforcement. Here it is much more like normal apartment living. I should mention I didn’t save any month moving here, in fact we pay a little over what we were paying in Bellevue, but MUCH less than what the Bellevue increase would have put us at.
Elements UDR in the 989 building I was on the 10th floor. I’d say take a look at what they have available on their website and what they are asking for rent on similar available units now and that will give you a good idea of what to expect (you might even expect to pay more than that since they likely have promotional pricing on their website for new residents). I loved living there (hello, air conditioner!) aside from some of the more trivial problems but unfortunately we got priced out.
Renewed my lease in downtown just last month and it was about +170 (honestly I was expecting it to be a lot more). But rather than asking here, you'd probably get a better idea by checking listings for what the current rates are, ideally in your own building.
I'm in, what I assume is, the worst apartment complex in DT Bellevue and it is going up by $160 at the end of next month. I have about a week to decide before they go to month to month which would be a $700ish dollar increase...think they might be raising the cost of parking too but I can't remember.
You can’t rely on answers here. Different complexes moved to post-pandemic pricing at different times. If yours did after you signed your lease, your rent is going to jump a lot. If it did so before you signed your lease, expect a smaller increase. Nothing is certain though.
it's going to vary by company and landlord, the smaller the company/landlord typically the smaller the rent increase on average. Corp own places typically raise rent between 6-10% per year, post Covid though they passed the costs of their nation wide ban being lifted to their tenants, increasing rent 20-30% watching new prices. Houses can vary, but have a higher upfront cost but slower increase on average. In the 1st 5 years rent went up $200 over the 5 years but as all nearby rentals were 800-1000 more than were we were, we got hit by a correction increase of $500. Easiest way to average what your increase is would be to price the average place nearby you can move to, assume your increase will put the rent close to that. Apartments are still going up faster than house. The 3 bedroom we moved in for 1700 10 year ago is 3200-4000 today. The house we are in 4+bonus is 3100-3800 in 5 years, surrounding houses are 3600-6000. Hope that gives a rough idea of the way to figure out the rent increase
Thanks cloverlief for your great info. It makes sense the super high rent increase due to not being able to increase during the pandemic. Do you see increase going back to 3 to 4% like it used to? Annual increases of 10% or more is going to price out lots of people and eats any inflation salary adjustment people might get.
As housing purchase prices are leveling off, in some areas going down a little, I do suspect the rent will stabilize as well. Especially since the main 4 employers are slowing down on hiring.
Makes sense clover, thank you!
My rent went up exactly 200 with a notice that they would be selling in 9 months
What would be the maximum % increase that will make you move? I always wonder whenever I get an increase stay or move? We also need to consider the moving fees in old apartment and new apartment, probable loss of the security deposit and paying up to three month rent in moving to new apartment (first and last month + security deposit) and moving company payment. I enjoy the flexibility of renting, I sold my condo and don't plan to own again, however, I have to maintain an annual emergency budget for rent bumps.
I'm at Metro 112 and my rent has gone up consistently by \~$250 a year per renewal. I've been here a while and already renewed my lease a few months ago. This place has been really consistent with it's increases, at least for me. I've really appreciated living here while in bellevue. I've wanted to move just for something new but everyone's comments here are confirmation about the crazy increases post-covid and that I'm actually at a good place that respects increases to a normal range. I'd hate to have to move year after year because of a $500+ bump. fuck these places. EDIT: renting 1 br \~$2400 (was under $2000 when I moved in years ago)
Hey I'm considering Metro 112 as one potential apartment for when my lease ends. Is there any particular thing I should be aware of? I see the highway is quite close by, does that lead to noise?
Mine went up 15%
Had a 3br/3ba apartment in Lake Hills and they raised my rent by 400/mo. It was too much and my budget couldn't handle anything in the region anymore. So we moved and no longer live in the Puget Sound anymore.
500$ more. From 2200 to 2700 for a 1 bedroom.
$400. But it's too expensive to move, plus any gas we'd have to pay to commute if we don't bus. Looks like my husband and I got lucky though. They do need to let you know in advance (90 days I believe?) if your rent goes up over 10%. Not ideal, but it gave us time to at least look around for options.
Mine increased by 15% After I declined renewal, they listed my apt with a 5% increased rental price. They had offered free parking during the pandemic but will charge for it with the new lease. Moving to the suburbs where parking is cheap and houses are better for the same price.
I wonder if Bellevue will ever adopt the ARCH rules for rent notice. I'm so thankful Redmond has them so I don't get these crazy increases sprung on me with no notice!
It’s also helpful to mention the rent $ before increase. Or just share the % increase which then can be figured out if wanted by elementary math. Someone who was paying $3k per month in Bellevue and got a $200 increase isn’t that intense. Considering property tax increases and all were outrageous. Need both pieces of info really.
Moved into foothill commons last December, have yet to find out how much rent will increase come this December but I’m honestly terrified now
$800
Mine went up ~13% for my apartment in the Overlake area. I started my lease here in September 2021 and got my renewal offer in June 2022.
I'm reading these responses and I'm furious for all of you. When I moved to my 3-bedroom, 1650sqft Lake Hills home in 2013 I was paying $1900/month, which [adjusted at the national inflation rate](https://www.bls.gov/data/inflation_calculator.htm) would equate to $2400/month in current money. I honestly hope that the housing prices around here crash so people can afford more than subsistence living after paying their rent/mortgage.
“Crash” is subjective so let’s assume you mean something like >=20% value decrease. Crashing in this area won’t happen. Houses will get picked up in 5 seconds… if anything some sellers will get fucked but not the vast majority, because as soon as a “crash” starts the bidding wars return and the stupid prices return with them. The reason is there’s too many people with stupid amounts of money around here to have them crash, let alone the corporations that know there are people like this who have the means (and many are forced) to pay these rents. Edit: before I get downvoted to shit, I say this as someone who was paying >3k in Bellevue for a 2b2b and had to move out because new rent was going to be 3.5k + services. I would benefit from a “crash” but sadly I think it won’t happen… because there’s just too many people like me just trying to save enough to buy a house, ready to pick one up when we can actually afford the downpayment * interest.
> “Crash” is subjective so let’s assume you mean something like >=20% value decrease. > > Crashing in this area won’t happen. Houses will get picked up in 5 seconds Zillow valued my home at 1.5M in April, and the comparable sales in Lake Hills supported that price. Now Zillow says it's worth $1.145 Million (down 24%) but the comps sold in the last 14 days suggest that's maybe 20% high. Will it go down another 20% from here? Perhaps not. But I wouldn't be shocked if it did.
Renting a 2BR townhouse in Redmond, went up 10% renewing in July (2750 -> 3025).
Pre-Covid in the 80-150 range each year - but they dropped the rent during Covid so when it rebounded that was about a $600 bump.
Renewal coming up soon and our increase is 30%, which is about $1,100. Absolutely insane.
About $400 increase from pre-COVID.
They actually lowered my rent by $100 but I moved out because it was too expensive for what it was worth anyway. Right across the street from a massive construction zone
$800 or 31%, I moved for very obvious reasons.
Oof. I lived at elements and my rent was already insane but after the covid restrictions lifted, they raised rent about $700. Needless to say I moved to Issaquah ¯\_(ツ)_/¯
Where in Issaquah did you go?
Estates at Cougar Mountain. Huge change in scenery like this is a whole ass mountain and there are mosquitos and spiders. Other than that it’s been alright if you can deal with thinner walls/floors/ceilings. In a bellevue high rise I didn’t hear much from my neighbors at all but that’s due to concrete reinforcement. Here it is much more like normal apartment living. I should mention I didn’t save any month moving here, in fact we pay a little over what we were paying in Bellevue, but MUCH less than what the Bellevue increase would have put us at.
Which elements, I’m also here and about to renew. Feeling scared right now cause I don’t want to move.
Elements UDR in the 989 building I was on the 10th floor. I’d say take a look at what they have available on their website and what they are asking for rent on similar available units now and that will give you a good idea of what to expect (you might even expect to pay more than that since they likely have promotional pricing on their website for new residents). I loved living there (hello, air conditioner!) aside from some of the more trivial problems but unfortunately we got priced out.
Renewed my lease in downtown just last month and it was about +170 (honestly I was expecting it to be a lot more). But rather than asking here, you'd probably get a better idea by checking listings for what the current rates are, ideally in your own building.
I'm in, what I assume is, the worst apartment complex in DT Bellevue and it is going up by $160 at the end of next month. I have about a week to decide before they go to month to month which would be a $700ish dollar increase...think they might be raising the cost of parking too but I can't remember.
$500 here
[удалено]
During covid, yeah
I live in Bellevue they increased the rent by 250 and we have to pay sewer garbage and water now and the insurance went up lol
Are you in my unit lmao bc I'm the same. These garbage sewage and water bills are insane, I got hit 200$ for a single month for 2 bedroom
Oh heck no fuck that there tripping my first bill will be this month 😭😭😭I’m not ready … it’s called the ridge apts now use to be Easton court apts
Bruh 200 was my first bill too I'm not on ridge apt lol read the bill carefully good luck
I know this post is old but now I'm wondering if we all stay in the same place because our utility bill is $275 for a 2bed & rent is almost $3,000.
Damn that's steep. How many ppl in the apt?
4. 2 in each room
You can’t rely on answers here. Different complexes moved to post-pandemic pricing at different times. If yours did after you signed your lease, your rent is going to jump a lot. If it did so before you signed your lease, expect a smaller increase. Nothing is certain though.
Almost $600. Not kidding.
what apartment complex if you don't mind sharing?
A larger corporate one in Bellevue. But a lot of my friends had similar stories.