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Average Rent in Downtown Redmond, Redmond, WA

Home  »  WA  »  Redmond  »  Downtown Redmond

Current Versus Historical Downtown Redmond, Redmond, WA Rents

Downtown Redmond rentals average $1,870 for a studio rental to $2,928 for a 2-bedroom rental. The median price of all currently available listings is $2,367, or roughly $3 per square feet.
For the apartment units and housing in October 2024, median rents have fallenover the last year. Studio rentals prices have increased by $56 (3.04%) year-over-year from $1,849 to $1,905. 1-bedroom rentals prices have decreased by $196 (-8.17%) year-over-year from $2,396 to $2,200. 2-bedroom rentals prices have increased by $248 (8.82%) year-over-year from $2,817 to $3,065. 3-bedroom rentals prices have increased by $178 (4.47%) year-over-year from $3,982 to $4,160. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $3,600 to $3,600. 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 7.52% this month. 1-bedroom rents have gone down by 5.42% this month. 2-bedroom rents have gone down by 0.21% 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
 Oct 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.33 $1,905 $1,849 (3.04%) $2,221 (-14.23%)
1 BR $2.94 $2,200 $2,396 (-8.17%) $2,418 (-9.00%)
2 BR $2.53 $3,065 $2,817 (8.82%) $2,805 (9.28%)

Historical Rents in Downtown Redmond, Redmond, WA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Downtown Redmond

There are a total of 2 cities nearby Downtown Redmond. The average rent in Downtown Redmond is currently $3,085 per month. Our records show that Redmond, WA, with an average rent of $2,670, is the most affordable city nearby. In contrast, the most expensive city near Downtown Redmond, Redmond, WA is Bellevue, WA. Monthly rents here are on average $3,500 per month.

Let's compare Downtown Redmond, Redmond, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Redmond, Redmond, WA is 0.08% more affordable than other cities nearby. One bedrooms are about 3.24% more affordable. Two bedrooms in Downtown Redmond, Redmond, WA are about 3.98% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 2 cities near Downtown Redmond, Redmond, WA in the following chart.
City Studio 1 Bed 2 Bed All
Redmond, WA $1,892 $2,139 $2,873 $2,670
Bellevue, WA $1,850 $2,278 $3,215 $3,500

Top Neighborhoods Near Downtown Redmond



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Downtown Redmond



We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near Downtown Redmond

There is one zipcode in or near Downtown Redmond, Redmond, WA. The average rent for this zipcode is $2,670.

The following chart includes the zipcode in or near Downtown Redmond, Redmond, WA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
98052, Redmond, WA $1,892 $2,139 $2,873 $2,670

Frequently Asked Questions - Downtown Redmond Average Rents

What is the average rent price in Downtown Redmond, Redmond, WA?
The average monthly rental price for Downtown Redmond, Redmond, WA apartments for rent is approximately $2,367. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Downtown Redmond, Redmond, 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 Redmond, Redmond, WA.
How much is a studio apartment in Downtown Redmond, Redmond, WA?
The average monthly rental price for studio apartments is $1,870 and an average price per square feet of $3.33. There are a total of 6 studio apartment listings currently available for rent in Downtown Redmond.
How much is a one bedroom apartment in Downtown Redmond, Redmond, WA?
The average monthly rental price for one bedroom apartments is $2,139 and an average price per square feet of $2.94. There are a total of 19 one bedroom apartment listings currently available for rent in Downtown Redmond.
How much is a two bedroom apartment in Downtown Redmond, Redmond, WA?
The average monthly rental price for two bedroom apartments is $2,928 and an average price per square feet of $2.53. There are a total of 16 two bedroom apartment listings currently available for rent in Downtown Redmond.
How have rent prices in Downtown Redmond, Redmond, WA changed this year?
Rent prices for rentals in Downtown Redmond, Redmond, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.03%, one bedroom rental prices have changed by -0.08%, two bedroom rental prices have changed by 0.09%, and three bedroom rental prices have changed by 0.04% year-over-year.
What is a reasonable rent price in Downtown Redmond, Redmond, WA?
A reasonable rent price in Downtown Redmond, Redmond, WA is around $1,894/month. You can search for these reasonably priced rental listings on RentHop.
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