Average Rent in Downtown Bellevue, Bellevue, WA

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Current Versus Historical Downtown Bellevue, Bellevue, WA Rents

Downtown Bellevue rentals average $2,295 for a studio rental to $0 for a 3-bedroom rental. The median price of all currently available listings is $3,209, or roughly $4 per square feet.
For the apartment units and housing in June 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $291 (14.68%) year-over-year from $1,980 to $2,270. 1-bedroom rentals prices have increased by $394 (14.88%) year-over-year from $2,651 to $3,045. 2-bedroom rentals prices have increased by $701 (19.05%) year-over-year from $3,679 to $4,380. 3-bedroom rentals prices have decreased by $6,033 (-46.29%) year-over-year from $13,033 to $7,000. 4-bedroom rentals prices have increased by $2 (0.05%) year-over-year from $3,498 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 8.30% this month. 1-bedroom rents have gone up by 1.35% this month. 2-bedroom rents have gone up by 6.19% this month. 3-bedroom rents have gone down by 36.36% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Jun 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.72 $2,270 $1,980 (14.68%) $1,924 (17.98%)
1 BR $4.47 $3,045 $2,651 (14.88%) $2,481 (22.72%)
2 BR $3.55 $4,380 $3,679 (19.05%) $3,732 (17.35%)

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 $2,705 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 $2,369, 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 $3,375 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 8.67% more expensive than other cities nearby. One bedrooms are about 15.89% more expensive. Two bedrooms in Downtown Bellevue, Bellevue, WA are about 28.01% 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 $1,845 $2,217 $3,200 $2,369
Redmond, WA $2,096 $2,586 $3,295 $2,705
Bellevue, WA $2,302 $3,056 $4,250 $3,375

Top Neighborhoods Near Downtown Bellevue

There are a total of 1 neighborhoods in or near Downtown Bellevue. We've included all of these top 1 neighborhoods in or near Downtown Bellevue, Bellevue, WA in the following chart.

The average rent for these 1 neighborhoods in or near Downtown Bellevue, Bellevue, WA is currently around $2,660 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Downtown Bellevue, Downtown Redmond has the most affordable average rent at $2,660 per month. Whereas, at $2,660 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
Downtown Redmond, Redmond, WA $2,096 $2,600 $3,108 $2,660

Top Counties Near Downtown Bellevue

There are a total of 1 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 2 zipcodes in or near Downtown Bellevue, Bellevue, WA. The average rent for all of these zipcodes is $3,074.

The following chart includes the top 2 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 $2,295 $3,074 $4,577 $3,442
98052, Redmond, WA $2,096 $2,586 $3,295 $2,705

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 $3,209. 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 $2,295 and an average price per square feet of $4.72. There are a total of 9 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 $3,074 and an average price per square feet of $4.47. There are a total of 55 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 $4,577 and an average price per square feet of $3.55. 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 0.15%, one bedroom rental prices have changed by 0.15%, two bedroom rental prices have changed by 0.19%, and three bedroom rental prices have changed by -0.46% 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 $2,567/month. You can search for these reasonably priced rental listings on RentHop.
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