Average Rent in Redmond, WA

Current Versus Historical Redmond, WA Rents

Redmond rentals average $1,897 for a studio rental to $4,635 for a 4-bedroom rental. The median price of all currently available listings is $2,334, or roughly $33 per square feet.

For the apartment units and housing in November 2023, median rents have risen substantially over the last year. Studio rentals prices have increased by $244 (12.39%) year-over-year from $1,970 to $2,214. 1-bedroom rentals prices have increased by $325 (14.52%) year-over-year from $2,239 to $2,564. 2-bedroom rentals prices have increased by $189 (7.21%) year-over-year from $2,619 to $2,808. 3-bedroom rentals prices have decreased by $14 (-0.41%) year-over-year from $3,414 to $3,400. 4-bedroom rentals prices have decreased by $99 (-2.42%) year-over-year from $4,098 to $3,999. 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 18.08% this month. 1-bedroom rents have gone up by 7.84% this month. 2-bedroom rents have gone up by 5.67% this month. 3-bedroom rents have gone up by 4.35% this month. 4-bedroom rents have gone down by 0.42% this month.

Beds	Price / Sqft	Nov 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$37	$2,214	$1,970 (12.39%)	$1,343 (64.90%)
1 BR	$34	$2,564	$2,239 (14.52%)	$1,454 (76.30%)
2 BR	$31	$2,808	$2,619 (7.21%)	$2,115 (32.77%)
4+ BR	$17	$3,999	$4,098 (-2.42%)	$3,336 (19.88%)

Historical Rents in Redmond, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Redmond

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

Let's compare Redmond, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Redmond, WA is 9.15% more affordable than other cities nearby. One bedrooms are about 15.72% more affordable. Two bedrooms in Redmond, WA are about 4.84% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 1 cities near Redmond, WA in the following chart.

City	Studio	1 Bed	2 Bed	All
Bellevue, WA	$2,070	$2,492	$3,009	$2,659

Top Neighborhoods Near Redmond

There are a total of 2 neighborhoods in or near Redmond. We've included all of these top 2 neighborhoods in or near Redmond, WA in the following chart.

The average rent for these 2 neighborhoods in or near Redmond, WA is currently around $2,509 per month. A total of one neighborhood has a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Redmond's average rent, which is only $2,334. Out of all the neighborhoods in or near Redmond, Downtown Redmond has the most affordable average rent at $2,318 per month. Whereas, at $2,699 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Redmond. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Downtown Redmond, Redmond, WA	$1,897	$2,155	$2,898	$2,318
Downtown Bellevue, Bellevue, WA	$2,045	$2,519	$3,237	$2,699

Top Counties Near Redmond

There are a total of 2 counties located by Redmond, WA.

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Redmond

There are a total of 3 zipcodes in or near Redmond, WA. The average rent for all of these zipcodes is $2,334. 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 $1,823 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 $1,897. That's at least $44 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Redmond, WA is $2,154 per month. Or in other words, $35 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,870 per month. Which comes out to $31 per sqft. The following chart includes the top 3 zipcodes in 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	$1,897	$2,154	$2,870	$2,334
98122, Seattle, WA	$1,485	$1,913	$2,450	$1,823
98004, Bellevue, WA	$2,045	$2,517	$3,178	$2,710

Frequently Asked Questions - Redmond Average Rents

What is the average rent price in Redmond, WA?

The average monthly rental price for Redmond, WA apartments for rent is approximately $2,334. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 Redmond, WA.

How much is a studio apartment in Redmond, WA?

The average monthly rental price for studio apartments is $1,897 and an average price per square feet of $36.60. There are a total of 10 studio apartment listings currently available for rent in Redmond.

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

The average monthly rental price for one bedroom apartments is $2,154 and an average price per square feet of $33.81. There are a total of 24 one bedroom apartment listings currently available for rent in Redmond.

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

The average monthly rental price for two bedroom apartments is $2,870 and an average price per square feet of $31.29. There are a total of 22 two bedroom apartment listings currently available for rent in Redmond.

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

Rent prices for rentals in Redmond, WA can fluctuate yearly. Specifically, studio rental prices have changed by 0.12%, one bedroom rental prices have changed by 0.15%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.00% year-over-year.

What is a reasonable rent price in Redmond, WA?

A reasonable rent price in Redmond, WA is around $1,867/month. You can search for these reasonably priced rental listings on RentHop.