What experts are calling a "perfect storm" of factors has driven rents to all-time highs, including in the Seattle area, where average rents have surged past $2,000 in the last year.
The national average apartment rent increased to $1,736 per month in the second quarter — a 17% increase from a year ago — according to data from RealPage Market Analytics. That amounts to a $251 increase per month at a time when inflation is soaring across the nation.
