Average Rent in Overlake, Redmond, WA

Current Versus Historical Overlake, Redmond, WA Rents

Overlake rentals average $0 for a 2-bedroom rental to $0 for a 2-bedroom rental. The median price of all currently available listings is $2,800, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $1,673 to $1,673. 1-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $950 to $950. 2-bedroom rentals prices have decreased by $233 (-7.69%) year-over-year from $3,033 to $2,800. 3-bedroom rentals prices have increased by $1,000 (35.09%) year-over-year from $2,850 to $3,850. 4-bedroom rentals prices have increased by $53 (1.46%) year-over-year from $3,598 to $3,650. 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 0.00% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone up by 15.38% this month. 4-bedroom rents have gone down by 1.05% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)

Historical Rents in Overlake, Redmond, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Overlake

There are a total of 2 cities nearby Overlake. The average rent in Overlake is currently $2,993 per month. Only one city nearby has an average rent lower than that. Our records show that Redmond, WA, with an average rent of $2,561, is the most affordable city nearby. In contrast, the most expensive city near Overlake, Redmond, WA is Bellevue, WA. Monthly rents here are on average $3,425 per month.

Let's compare Overlake, Redmond, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Overlake, Redmond, WA is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in Overlake, Redmond, WA are about inf% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 2 cities near Overlake, Redmond, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Redmond, WA	$2,103	$2,365	$3,198	$2,561
Bellevue, WA	$2,205	$3,184	$3,673	$3,425

Top Neighborhoods Near Overlake

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

The average rent for these 1 neighborhoods in or near Overlake, Redmond, WA is currently around $3,645 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Overlake's average rent, which is only $2,800. Out of all the neighborhoods in or near Overlake, Downtown Bellevue has the most affordable average rent at $3,645 per month. Whereas, at $3,645 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Overlake. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Downtown Bellevue, Bellevue, WA	$2,205	$3,307	$4,080	$3,645

Top Counties Near Overlake

There are a total of 1 counties located by Overlake, Redmond, WA.

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Overlake

There are a total of 3 zipcodes in or near Overlake, Redmond, WA. The average rent for all of these zipcodes is $2,580. A total of 2 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 $1,783 per month. In comparison, the zipcode with the most expensive average rent of $3,700 per month is 98004, Bellevue, WA.

Studios in these zipcodes have an average rent of $2,103. 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 Overlake, Redmond, WA is $2,365 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,198 per month. Which comes out to $3 per sqft. The following chart includes the top 3 zipcodes in Overlake, 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	$2,103	$2,365	$3,198	$2,580
98004, Bellevue, WA	$2,205	$3,307	$4,053	$3,700
98122, Seattle, WA	$1,510	$1,873	$2,500	$1,783

Frequently Asked Questions - Overlake Average Rents

What is the average rent price in Overlake, Redmond, WA?

The average monthly rental price for Overlake, Redmond, WA apartments for rent is approximately $2,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Overlake, 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 Overlake, Redmond, WA.

How much is a studio apartment in Overlake, Redmond, WA?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Overlake.

How much is a one bedroom apartment in Overlake, Redmond, WA?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in Overlake.

How much is a two bedroom apartment in Overlake, Redmond, WA?

The average monthly rental price for two bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 1 two bedroom apartment listings currently available for rent in Overlake.

How have rent prices in Overlake, Redmond, WA changed this year?

Rent prices for rentals in Overlake, Redmond, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by -0.08%, and three bedroom rental prices have changed by 0.35% year-over-year.

What is a reasonable rent price in Overlake, Redmond, WA?

A reasonable rent price in Overlake, Redmond, WA is around $2,240/month. You can search for these reasonably priced rental listings on RentHop.