Average Rent in Downtown Bellevue, Bellevue, WA

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Current Versus Historical Downtown Bellevue, Bellevue, WA Rents

Downtown Bellevue rentals average $2,045 for a studio rental to $3,237 for a 2-bedroom rental. The median price of all currently available listings is $2,699, or roughly $41 per square feet.

For the apartment units and housing in November 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $136 (7.45%) year-over-year from $1,827 to $1,964. 1-bedroom rentals prices have increased by $43 (1.74%) year-over-year from $2,456 to $2,499. 2-bedroom rentals prices have decreased by $134 (-3.91%) year-over-year from $3,433 to $3,299. 3-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $3,400 to $3,400. 4-bedroom rentals prices have increased by $39 (1.14%) year-over-year from $3,461 to $3,500. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 2.70% this month. 1-bedroom rents have gone down by 1.97% this month. 2-bedroom rents have gone up by 5.12% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Nov 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$55	$1,964	$1,827 (7.45%)	$1,632 (20.35%)
1 BR	$43	$2,499	$2,456 (1.74%)	$2,197 (13.71%)
2 BR	$35	$3,299	$3,433 (-3.91%)	$3,529 (-6.53%)

Historical Rents in Downtown Bellevue, Bellevue, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Bellevue

There are a total of 3 cities nearby Downtown Bellevue. The average rent in Downtown Bellevue is currently $2,334 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Seattle, WA, with an average rent of $1,880, is the most affordable city nearby. In contrast, the most expensive city near Downtown Bellevue, Bellevue, WA is Bellevue, WA. Monthly rents here are on average $2,659 per month.

Let's compare Downtown Bellevue, Bellevue, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Bellevue, Bellevue, WA is 7.26% more expensive than other cities nearby. One bedrooms are about 14.49% more expensive. Two bedrooms in Downtown Bellevue, Bellevue, WA are about 11.34% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 3 cities near Downtown Bellevue, Bellevue, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,428	$1,838	$2,526	$1,880
Redmond, WA	$1,897	$2,154	$2,870	$2,334
Bellevue, WA	$2,070	$2,492	$3,009	$2,659

Top Neighborhoods Near Downtown Bellevue

There are a total of 3 neighborhoods in or near Downtown Bellevue. Some of these neighborhoods include Broadway, Belltown, and Downtown Redmond. We've included all of these top 3 neighborhoods in or near Downtown Bellevue, Bellevue, WA in the following chart.

The average rent for these 3 neighborhoods in or near Downtown Bellevue, Bellevue, WA is currently around $1,914 per month. A total of 3 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Downtown Bellevue, Broadway has the most affordable average rent at $1,695 per month. Whereas, at $2,318 average rent per month, Downtown Redmond is the most expensive neighborhood in or near Downtown Bellevue. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Broadway, Seattle, WA	$1,350	$1,695	$2,450	$1,695
Belltown, Seattle, WA	$1,494	$1,916	$2,785	$1,914
Downtown Redmond, Redmond, WA	$1,897	$2,155	$2,898	$2,318

Top Counties Near Downtown Bellevue

There are a total of 3 counties located by Downtown Bellevue, Bellevue, WA.

We've listed the top 0 counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Downtown Bellevue

There are a total of 5 zipcodes in or near Downtown Bellevue, Bellevue, WA. The average rent for all of these zipcodes is $1,914. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 98122, Seattle, WA at $1,823 per month. In comparison, the zipcode with the most expensive average rent of $2,710 per month is 98004, Bellevue, WA.

Studios in these zipcodes have an average rent of $1,650. That's at least $43 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Downtown Bellevue, Bellevue, WA is $1,941 per month. Or in other words, $35 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,785 per month. Which comes out to $33 per sqft. The following chart includes the top 5 zipcodes in Downtown Bellevue, Bellevue, WA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
98004, Bellevue, WA	$2,045	$2,517	$3,178	$2,710
98122, Seattle, WA	$1,485	$1,913	$2,450	$1,823
98052, Redmond, WA	$1,897	$2,154	$2,870	$2,334
98121, Seattle, WA	$1,494	$1,916	$2,785	$1,914
98109, Seattle, WA	$1,650	$1,941	$2,775	$1,868

Frequently Asked Questions - Downtown Bellevue Average Rents

What is the average rent price in Downtown Bellevue, Bellevue, WA?

The average monthly rental price for Downtown Bellevue, Bellevue, WA apartments for rent is approximately $2,699. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown Bellevue, Bellevue, WA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Downtown Bellevue, Bellevue, WA.

How much is a studio apartment in Downtown Bellevue, Bellevue, WA?

The average monthly rental price for studio apartments is $2,045 and an average price per square feet of $55.08. There are a total of 5 studio apartment listings currently available for rent in Downtown Bellevue.

How much is a one bedroom apartment in Downtown Bellevue, Bellevue, WA?

The average monthly rental price for one bedroom apartments is $2,519 and an average price per square feet of $42.83. There are a total of 42 one bedroom apartment listings currently available for rent in Downtown Bellevue.

How much is a two bedroom apartment in Downtown Bellevue, Bellevue, WA?

The average monthly rental price for two bedroom apartments is $3,237 and an average price per square feet of $35.01. There are a total of 26 two bedroom apartment listings currently available for rent in Downtown Bellevue.

How have rent prices in Downtown Bellevue, Bellevue, WA changed this year?

Rent prices for rentals in Downtown Bellevue, Bellevue, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.07%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by -0.04%, and three bedroom rental prices have changed by 0.00% year-over-year.

What is a reasonable rent price in Downtown Bellevue, Bellevue, WA?

A reasonable rent price in Downtown Bellevue, Bellevue, WA is around $2,159/month. You can search for these reasonably priced rental listings on RentHop.