Comptroveby RentSpire

The Cedars offers the best of Seattle —

2615 1st AVE, Seattle, WA, 98121

Market rate 2,024 units (unit count basis: listing-reported) FEMA/NRI hazard read: Relatively Moderate

Asking & effective rent by bedroom

Average asking rent across observed units: $1,948. Average effective rent: $1,948.

TypeAsking rentEffective rentAvg sqftObservations
Studio$1,595$1,595not observed1
1 bedroom$2,300$2,300not observed1

HUD Fair Market Rent gap

HUD area: Seattle-Bellevue, WA HUD Metro FMR Area.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

PropertyLocationDistanceAvg askingSimilarity
Elliott Pointe Apartments Delivers the Ultimate in Seattle Lifestyle Seattle, WA 0.27 mi $2,000 79%
Pet Seattle, WA 1.23 mi $2,400 76%
Stockbridge Apartments Seattle, WA 1.08 mi $1,575 73%
Belltown Seattle, WA 0.2 mi $2,100 71%
1611 on Lake Union Apartments in Seattle Seattle, WA 1.3 mi not observed 69%
Watermarke Seattle, WA 0.15 mi not observed 68%
Excelsior Seattle is a pet Seattle, WA 1.08 mi $2,134 68%
Luxury and purpose Seattle, WA 0.08 mi not observed 68%

Sources & provenance

Sourced from https://thecedarsapts.com/availabilities/ — 2 observation(s), last observed Aug 14, 2026.

Data age: 3 days. Last observed: Aug 14, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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