Average Rent in Downtown Bellevue, Bellevue, WA

Home » WA » Bellevue » Downtown Bellevue

Current Versus Historical Downtown Bellevue, Bellevue, WA Rents

Downtown Bellevue rentals average $2,070 for a studio rental to $14,000 for a 3-bedroom rental. The median price of all currently available listings is $3,081, or roughly $4 per square feet.

For the apartment units and housing in July 2024, median rents have risen over the last year. Studio rentals prices have increased by $133 (7.01%) year-over-year from $1,895 to $2,028. 1-bedroom rentals prices have increased by $145 (5.56%) year-over-year from $2,606 to $2,751. 2-bedroom rentals prices have increased by $536 (14.79%) year-over-year from $3,625 to $4,162. 3-bedroom rentals prices have increased by $400 (2.94%) year-over-year from $13,600 to $14,000. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $3,500 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 down by 2.56% this month. 1-bedroom rents have gone down by 3.00% this month. 2-bedroom rents have gone up by 3.26% this month. 3-bedroom rents have gone up by 31.25% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.21	$2,028	$1,895 (7.01%)	$1,954 (3.81%)
1 BR	$3.83	$2,751	$2,606 (5.56%)	$2,528 (8.83%)
2 BR	$3.35	$4,162	$3,625 (14.79%)	$3,704 (12.35%)
3 BR	N/A	$14,000	$13,600 (2.94%)	$13,538 (3.42%)

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 $2,788 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Seattle, WA, with an average rent of $2,500, 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 $3,372 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 on par with the other cities nearby. One bedrooms are about 12.03% more expensive. Two bedrooms in Downtown Bellevue, Bellevue, WA are about 20.19% more expensive. Finally, rent for three bedrooms are about 71.98% more expensive. 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	$1,850	$2,275	$3,325	$2,500
Redmond, WA	$2,150	$2,405	$3,077	$2,788
Bellevue, WA	$2,070	$2,697	$4,052	$3,372

Top Neighborhoods Near Downtown Bellevue

There are a total of 3 neighborhoods in or near Downtown Bellevue. Some of these neighborhoods include Belltown, Downtown Redmond, and Central Business District. 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 $2,573 per month. A total of 3 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Downtown Bellevue, Belltown has the most affordable average rent at $2,259 per month. Whereas, at $2,780 average rent per month, Central Business District is the most expensive neighborhood in or near Downtown Bellevue. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Belltown, Seattle, WA	$1,604	$2,297	$3,350	$2,259
Downtown Redmond, Redmond, WA	$2,150	$2,410	$3,077	$2,573
Central Business District, Seattle, WA	$2,070	$2,780	$5,371	$2,780

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 4 zipcodes in or near Downtown Bellevue, Bellevue, WA. The average rent for all of these zipcodes is $2,891. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 98121, Seattle, WA at $2,265 per month. In comparison, the zipcode with the most expensive average rent of $3,324 per month is 98004, Bellevue, WA.

Studios in these zipcodes have an average rent of $2,043. That's at least $4 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 $2,570 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,753 per month. Which comes out to $3 per sqft. The following chart includes the top 4 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	$2,070	$2,734	$4,166	$3,324
98101, Seattle, WA	$2,015	$2,862	$5,374	$2,995
98052, Redmond, WA	$2,150	$2,405	$3,077	$2,788
98121, Seattle, WA	$1,600	$2,400	$3,340	$2,265

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 $3,081. 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 $2,070 and an average price per square feet of $4.21. 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 $2,734 and an average price per square feet of $3.83. There are a total of 49 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 $4,166 and an average price per square feet of $3.35. There are a total of 22 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 0.06%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by 0.03% 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 $2,465/month. You can search for these reasonably priced rental listings on RentHop.