WASHINGTON STATE – The Washington State Department of Commerce has announced that the state’s rent cap is set at just over 9.6%.
This adjustment is a result of a bill signed into law by Governor Bob Ferguson in May. The legislation restricts yearly residential rent increases to the lower of 7% plus inflation or 10%.
The Department of Commerce determines the maximum annual rent increase percentage using inflation data from the US Bureau of Labor Statistics.
This data is released annually. The new rent cap will take effect in January of next year.
