Rent cuts in Seattle, the Eastside and Bothell: asking rents on 352 rentals, November 2026

Method

This release measures the asking side only. The NWMLS feed RexMont receives carries a rental while it is active or pending and drops it once it is rented, so leased rents, days to lease and the share leased at or above the asking rent cannot be measured from it, and there is no year-over-year comparison yet: this is the first release in the series, and the next one compares against it. NWMLS rentals are listed by brokers, mostly for individual owners of houses, condos and townhomes; large apartment communities rarely list there, so the figures describe the owner-landlord part of the market, not every rental. Two independent pulls of the records agree on every count and median here: one filtered on the indexed city and status columns with the property type read from the NWMLS style code, one of every rental statewide with the city, status and structure type read from each record. The comparison found one three-story house the style-code reading had left out; it is counted. The rent-reduction counts were checked a third way against the feed's price-change log: for each of the 116 rentals with a logged change, the latest logged rent is the current asking rent. Two rentals raised a reduced rent back to its original figure during the 30 days; none asks more than it first asked. The also-for-sale count rests on a parcel match and is confirmed by the listing agent's own answer on 27 of the 35.

Counted: 352 of the 367 active rentals, after leaving out 13 listings that are not houses, condos, townhomes or two-to-four-unit buildings and 2 on the market more than a year. Not published, because fewer than 10 rentals were active: houses in Issaquah (5 active) and Sammamish (9); condos and townhomes in Redmond (6), Issaquah (5), Bothell (5) and Sammamish (2); one-bedroom houses (5), studio condos (6) and condos and townhomes with four or more bedrooms (4). The next release in this series is due February 2027.

Active rentals

Listings of NWMLS property type Residential Lease with status Active on November 9, 2026, in the city as NWMLS records it: houses, condos, townhomes and two-to-four-unit buildings. Commercial space, manufactured homes and floating homes are left out (13 listings), and so is any listing on the market more than 365 days (2). The 14 rentals marked Pending are not counted.

Houses

Detached single-family houses (NWMLS structure type House).

Condos and townhomes

NWMLS structure types Condominium and Townhouse, counted together so the cells are large enough to publish.

Median asking rent

The middle asking rent per month on November 9, to the dollar.

Rent per square foot

Median asking rent per square foot per month, for the rentals that report a floor area; shown when at least 10 do.

Days on market

Days from the listing's on-market date to November 9. The median is the middle rental; 30 and 60 days or more are counts.

Lowered the rent

Rentals asking less on November 9 than their original asking rent. The typical cut is the median reduction among those rentals, as a percent of the original rent and in dollars a month, shown when at least five rentals in the cell lowered the rent.

Asking more than at first

Rentals asking more on November 9 than their original asking rent.

Lowered in the last 30 days

Rentals with at least one rent reduction recorded from October 11 through November 9, 2026, read from RexMont's log of price changes in the NWMLS feed.

Bedrooms

The bedroom count the listing reports. Two houses report none and are counted in the totals but in no bedroom row.

Also for sale

Rentals whose parcel, and unit where one is recorded, also carries an active or pending for-sale listing in NWMLS on November 9. A second measure is published beside it: the listing agent's own answer to NWMLS's 'currently listed for sale' question, for the rentals where it was answered.

Aggregates only; no listing-level data is published. This page does not change after publication; a confirmed error is corrected with a dated note (corrections policy). Cite as “RexMont Data Desk analysis of Northwest Multiple Listing Service data” with a link to this page.