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Rental Market Trends in Redmond, WA

What is the average rent in Redmond, WA?

$2,325/month

Average Rent

706 Sq Ft

Average Apartment Size

+0.7%

Increase in the Last Year

As of March 2026, the average rent in Redmond, WA is $2,325 per month. This is 43% higher than the national average rent price of $1,627/month, making Redmond one of the most expensive cities in the US. When you rent an apartment in Redmond, you can expect to pay about $1,900 per month for a studio, $2,325 for a one-bedroom apartment, and around $2,905 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,408 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,900/month
502 Sq Ft
One Bedroom
$2,325/month
706 Sq Ft
Two Bedroom
$2,905/month
1,033 Sq Ft
Three Bedroom
$3,408/month
1,293 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,867/month
1,155 Sq Ft
Three Bedroom
$3,600/month
1,294 Sq Ft
Four Bedroom
$4,659/month
2,410 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,905/month
742 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Redmond, WA?

In the past year, rent has increased by 0.7%, which averages out to $17 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 March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Redmond, WA
Last Updated March 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Redmond, WA
Percentage*
Rent Range
0% Below $700/month
2% $700 - $1,000/month
6% $1,001 - $1,500/month
7% $1,501 - $2,000/month
85% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Redmond?

Based on current rent prices, Redmond Ridge, Woodbridge and Southeast Redmond are the most affordable neighborhoods in Redmond.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Redmond Ridge
$1,923/month
752 Sq Ft
Woodbridge
$2,003/month
683 Sq Ft
Southeast Redmond
$2,184/month
668 Sq Ft
Willow-Rose Hill
$2,380/month
670 Sq Ft
Union Hill-Novelty Hill
$2,396/month
726 Sq Ft
Eaves by Avalon
$2,425/month
692 Sq Ft
English Cove
$2,454/month
731 Sq Ft
Education Hill
$2,464/month
656 Sq Ft
Perrigos of Redmond
$2,490/month
620 Sq Ft
Downtown Redmond
$2,504/month
660 Sq Ft

What are the most expensive neighborhoods in Redmond?

Based on current rent prices, Sammamish Valley, Hidden Ridge and Microsoft Redmond Campus are the most expensive neighborhoods in Redmond.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Sammamish Valley
$3,349/month
777 Sq Ft
Hidden Ridge
$3,045/month
677 Sq Ft
Microsoft Redmond Campus
$2,570/month
717 Sq Ft
Overlake
$2,557/month
715 Sq Ft
Downtown Redmond
$2,504/month
660 Sq Ft
Perrigos of Redmond
$2,490/month
620 Sq Ft
Education Hill
$2,464/month
656 Sq Ft
English Cove
$2,454/month
731 Sq Ft
Eaves by Avalon
$2,425/month
692 Sq Ft
Union Hill-Novelty Hill
$2,396/month
726 Sq Ft

Which Redmond neighborhoods have the most rentals available?

The neighborhoods in Redmond with the most apartments available are Downtown Redmond, Overlake and Microsoft Redmond Campus .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Redmond
$2,504/month
660 Sq Ft
Overlake
$2,557/month
715 Sq Ft
Microsoft Redmond Campus
$2,570/month
717 Sq Ft
Perrigos of Redmond
$2,490/month
620 Sq Ft
Sammamish Valley
$3,349/month
777 Sq Ft
Education Hill
$2,464/month
656 Sq Ft
Southeast Redmond
$2,184/month
668 Sq Ft
Willow-Rose Hill
$2,380/month
670 Sq Ft
Eaves by Avalon
$2,425/month
692 Sq Ft
Woodbridge
$2,003/month
683 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Redmond is $2,325, you’ll want to make about $7,750 per month or $93,000 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, WA

2,315 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Redmond, WA 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, WA

Apartment Averages

Redmond Ridge

Redmond, WA

Sammamish Valley

Redmond, WA

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • Kirkland Average Rent
  • Sammamish Average Rent
  • Bellevue Average Rent
  • Woodinville Average Rent

Apartment communities in Redmond we think you'll love

Nightingale

Nightingale

2651 156th Ave NE,
Redmond, WA 98052

$1,850 - $3,650

Studio - 2 Beds

Cru at Willows 124

Cru at Willows 124

12377 137th Pl NE,
Redmond, WA 98052

$1,995 - $3,855

Studio - 2 Beds

Broadstone Vega

Broadstone Vega

16135 NE 85th St,
Redmond, WA 98052

$2,297 - $4,288

Studio - 2 Beds

AMLI Redmond Way

AMLI Redmond Way

16771-16849 Redmond Way,
Redmond, WA 98052

$2,750 - $5,250

1-3 Beds

Property Management Companies in Redmond, WA

Greystar
Greystar
  • 3,487

    Communities

  • 959,053

    Units

  • 894

    Cities

10 Communities in Redmond
Essex
Essex
  • 107

    Communities

  • 37,535

    Units

  • 58

    Cities

7 Communities in Redmond
AvalonBay
AvalonBay
  • 196

    Communities

  • 70,873

    Units

  • 136

    Cities

5 Communities in Redmond
Fairfield
Fairfield
  • 104

    Communities

  • 29,578

    Units

  • 64

    Cities

4 Communities in Redmond
AMC
AMC
  • 624

    Communities

  • 125,068

    Units

  • 245

    Cities

3 Communities in Redmond
Bell Partners
Bell Partners
  • 209

    Communities

  • 67,041

    Units

  • 114

    Cities

3 Communities in Redmond
Security Properties, Inc.
Security Properties, Inc.
  • 52

    Communities

  • 12,983

    Units

  • 31

    Cities

3 Communities in Redmond
GRAN Incorporated
GRAN Incorporated
  • 17

    Communities

  • 2,283

    Units

  • 9

    Cities

3 Communities in Redmond

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United States Washington 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 February 2026.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity