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Rental Market Trends in Redmond, OR

What is the average rent in Redmond, OR?

$1,514/month

Average Rent

687 Sq Ft

Average Apartment Size

+0.5%

Increase in the Last Year

As of January 2026, the average rent in Redmond, OR is $1,514 per month. For comparison, the national average rent price in the US is currently $1,624/month, which means Redmond rent prices are 7% lower than the national average. When you rent an apartment in Redmond, you can expect to pay about $1,188 per month for a studio, $1,514 for a one-bedroom apartment, and around $1,712 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,862 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,188/month
380 Sq Ft
One Bedroom
$1,514/month
687 Sq Ft
Two Bedroom
$1,712/month
985 Sq Ft
Three Bedroom
$1,862/month
1,121 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,105/month
1,019 Sq Ft
Three Bedroom
$2,601/month
1,570 Sq Ft
Four Bedroom
$3,186/month
2,164 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Redmond, OR?

In the past year, rent has increased by 0.5%, which averages out to $8 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Redmond, OR
Last Updated January 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Redmond, OR
Percentage*
Rent Range
10% Below $700/month
19% $700 - $1,000/month
23% $1,001 - $1,500/month
35% $1,501 - $2,000/month
13% Above $2,000/month

What salary do I need to live comfortably in Redmond, OR?

Because the average rent in Redmond is $1,514, you’ll want to make about $5,046 per month or $60,552 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Redmond, OR

157 Available Apartments for Rent

Search for Nearby Apartments

How does Redmond, OR compare to other nearby cities and neighborhoods?

Use the tool below to compare Redmond, OR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Redmond, OR

Apartment Averages

Nearby City Rent Trends

  • Bend Average Rent
  • Prineville Average Rent

Apartment communities in Redmond we think you'll love

Redmond Landing

Redmond Landing

1950 SW Umatilla Ave,
Redmond, OR 97756

$1,424 - $1,823

2-4 Beds

Introducing Dry Canyon – Redmond’s newest Luxury Apartments

Introducing Dry Canyon – Redmond’s newest Luxury Apartments

2960 NW Northwest Way,
Redmond, OR 97756

$1,550 - $2,425

Studio - 3 Beds

Cypress

Cypress

4633 SW 37th St,
Redmond, OR 97756

$1,704 - $3,980

1-3 Beds

North 88

North 88

3025 NW 7th St,
Redmond, OR 97756

$1,595 - $1,999

1-3 Beds

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United States Oregon Redmond Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity