Average Rent in Redmond, WA

Home » WA » Redmond

Current Versus Historical Redmond, WA Rents

Redmond rentals average $1,871 for a studio rental to $10,350 for a 4-bedroom rental. The median price of all currently available listings is $2,540, or roughly $3 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $632 (39.74%) year-over-year from $1,589 to $2,221. 1-bedroom rentals prices have increased by $469 (21.66%) year-over-year from $2,167 to $2,637. 2-bedroom rentals prices have increased by $448 (17.94%) year-over-year from $2,499 to $2,947. 3-bedroom rentals prices have increased by $309 (9.25%) year-over-year from $3,341 to $3,650. 4-bedroom rentals prices have increased by $1,401 (32.58%) year-over-year from $4,299 to $5,700. 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 4.98% this month. 1-bedroom rents have gone up by 7.19% this month. 2-bedroom rents have gone down by 1.28% this month. 3-bedroom rents have gone down by 3.50% this month. 4-bedroom rents have gone up by 8.23% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.30	$2,221	$1,589 (39.74%)	$1,834 (21.10%)
1 BR	$3.14	$2,637	$2,167 (21.66%)	$2,182 (20.83%)
2 BR	$2.52	$2,947	$2,499 (17.94%)	$2,408 (22.37%)
3 BR	N/A	$3,650	$3,341 (9.25%)	$3,057 (19.41%)
4+ BR	N/A	$5,700	$4,299 (32.58%)	$3,831 (48.79%)

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 $3,300 per month. Our records show that Bellevue, WA, with an average rent of $3,300, is the most affordable city nearby. In contrast, the most expensive city near Redmond, WA is Bellevue, WA. Monthly rents here are on average $3,300 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 0.32% more expensive than other cities nearby. One bedrooms are about 4.51% more affordable. Two bedrooms in Redmond, WA are about 10.14% more affordable. Finally, rent for three bedrooms are about 9.43% 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	$1,865	$2,294	$3,040	$3,300

Top Neighborhoods Near Redmond

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

The average rent for these 1 neighborhoods in or near Redmond, WA is currently around $2,247 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Redmond, Downtown Redmond has the most affordable average rent at $2,247 per month. Whereas, at $2,247 average rent per month, Downtown Redmond 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	$1,866	$2,195	$2,760	$2,247

Top Counties Near Redmond

There are a total of 1 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 is one zipcode in or near Redmond, WA. The average rent for this zipcode is $2,540.

The following chart includes the zipcode in or near 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	$1,871	$2,195	$2,760	$2,540

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 $2,540. 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 $1,871 and an average price per square feet of $3.30. There are a total of 11 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 $2,195 and an average price per square feet of $3.14. 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 $2,760 and an average price per square feet of $2.52. There are a total of 21 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 0.40%, one bedroom rental prices have changed by 0.22%, two bedroom rental prices have changed by 0.18%, and three bedroom rental prices have changed by 0.09% year-over-year.

What is a reasonable rent price in Redmond, WA?

A reasonable rent price in Redmond, WA is around $2,032/month. You can search for these reasonably priced rental listings on RentHop.