Average Rent in Downtown Redmond, Redmond, WA

Current Versus Historical Downtown Redmond, Redmond, WA Rents

Downtown Redmond rentals average $2,093 for a studio rental to $0 for a 3-bedroom rental. The median price of all currently available listings is $2,627, or roughly $3 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $752 (51.16%) year-over-year from $1,469 to $2,221. 1-bedroom rentals prices have increased by $341 (14.84%) year-over-year from $2,301 to $2,642. 2-bedroom rentals prices have increased by $400 (15.12%) year-over-year from $2,648 to $3,048. 3-bedroom rentals prices have increased by $436 (11.88%) year-over-year from $3,669 to $4,105. 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 up by 18.27% this month. 1-bedroom rents have gone up by 4.38% this month. 2-bedroom rents have gone down by 0.91% this month. 3-bedroom rents have gone up by 0.45% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.40	$2,221	$1,469 (51.16%)	$2,105 (5.51%)
1 BR	$3.36	$2,642	$2,301 (14.84%)	$2,216 (19.23%)
2 BR	$2.81	$3,048	$2,648 (15.12%)	$2,927 (4.15%)

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 $3,155 per month. Our records show that Redmond, WA, with an average rent of $2,709, 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 $3,600 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 10.67% more affordable than other cities nearby. One bedrooms are about 11.09% more affordable. Two bedrooms in Downtown Redmond, Redmond, WA are about 17.46% 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	$2,093	$2,593	$3,182	$2,709
Bellevue, WA	$2,540	$3,168	$4,066	$3,600

Top Neighborhoods Near Downtown Redmond

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

The average rent for these 1 neighborhoods in or near Downtown Redmond, Redmond, WA is currently around $3,370 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Downtown Redmond's average rent, which is only $2,627. Out of all the neighborhoods in or near Downtown Redmond, Downtown Bellevue has the most affordable average rent at $3,370 per month. Whereas, at $3,370 average rent per month, Downtown Bellevue is the most expensive neighborhood in or near Downtown Redmond. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Downtown Bellevue, Bellevue, WA	$2,523	$3,176	$4,226	$3,370

Top Counties Near Downtown Redmond

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

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Downtown Redmond

There are a total of 2 zipcodes in or near Downtown Redmond, Redmond, WA. The average rent for all of these zipcodes is $3,163.

The following chart includes the top 2 zipcodes in 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	$2,093	$2,593	$3,182	$2,709
98004, Bellevue, WA	$2,523	$3,181	$4,226	$3,617

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 $2,627. 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 $2,093 and an average price per square feet of $3.40. There are a total of 11 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 $2,593 and an average price per square feet of $3.36. There are a total of 24 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 $3,085 and an average price per square feet of $2.81. There are a total of 17 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 0.51%, one bedroom rental prices have changed by 0.15%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by 0.12% 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 $2,102/month. You can search for these reasonably priced rental listings on RentHop.