Rental market snapshot for Redmond, Washington

Redmond, Washington Rental Property Market Overview

Redmond, Washington is a vibrant city located in King County. According to the US Census, Redmond has a population of 76,354 as of 2021. Redmond is home to many tech companies, such as Microsoft and Nintendo, and is known for its diverse culture, outdoor activities, and thriving economy. Redmond is a great place to live, work, and play.

The average rent for an apartment in Redmond is $2,481. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -2.7% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Redmond Washington | Cost of Living

  • The most expensive ZIP Code in Redmond is 98052 with an average price of $2,382
  • The cheapest ZIP Code in Redmond is 98053 with an average price of $2,272

Redmond ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
198052$2,382
298053$2,286

Live near Redmond, Washington's Top Sights and Attractions

Marymoor Park is a large outdoor recreation area located in the Seattle metropolitan area. It features a variety of activities, including a large off-leash dog park, a climbing wall, a velodrome, a model airplane field, a large playground, and a variety of trails for walking, running, and biking. The park also hosts a variety of events throughout the year, including concerts, festivals, and outdoor movies.

Heron Rookery Park is a picturesque nature park located in the Pacific Northwest. It features a large lake surrounded by lush green trees and grassy meadows. Visitors can enjoy a variety of outdoor activities, such as fishing, bird watching, and hiking. The park is also home to a large heron rookery, where hundreds of herons can be seen nesting and fishing in the lake. The park is a great place to relax and take in the beauty of nature.

Sixty Acres Park is a sprawling outdoor recreation area located in the Pacific Northwest. It features a variety of activities, including a large grassy field, a playground, a picnic area, a basketball court, a disc golf course, and a walking trail. The park is also home to a variety of wildlife, including birds, deer, and other small animals. The park is a great place to spend a day outdoors, with plenty of room to explore and relax.

Idylwood Beach Park is a beautiful waterfront park located on the shores of Lake Sammamish. It features a sandy beach, picnic areas, and a playground. Visitors can enjoy a variety of activities such as swimming, fishing, kayaking, and paddle boarding. There are also trails for walking and biking, and a boat launch for those who wish to explore the lake. The park also offers stunning views of the Cascade Mountains and the Seattle skyline.

Grass Lawn Community Park is a sprawling green space with plenty of outdoor activities for visitors to enjoy. There are several miles of trails for walking, running, and biking, as well as a large playground for children. The park also features a large open field for sports, a picnic area with tables and grills, and a pond with a dock for fishing. In addition, the park hosts a variety of events throughout the year, including concerts, festivals, and movie nights.

Hartman Community Park is a sprawling outdoor recreation area located in the Pacific Northwest. It features a large lake, lush green fields, and a variety of trails for walking, biking, and running. There are also several playgrounds, picnic areas, and sports courts for basketball, tennis, and volleyball. The park also offers a variety of activities for all ages, including fishing, boating, and bird watching. With its stunning views and natural beauty, Hartman Community Park is a great place to spend a day outdoors.

Microsoft Museum is an interactive experience that celebrates the history of technology and innovation. Visitors can explore the evolution of computing, from the first computers to the latest technologies. Exhibits include interactive displays, historic artifacts, and hands-on activities. Visitors can also learn about the people behind the technology, from the founders to the engineers and developers. The museum also offers educational programs, workshops, and special events.

Sammamish River Trail Site is a scenic outdoor attraction located in Redmond, Washington. It is a popular spot for outdoor activities such as biking, running, and walking. The trail follows the Sammamish River, and is lined with lush trees and vegetation. There are several bridges and boardwalks along the trail, providing stunning views of the river and surrounding area. The trail is also home to a variety of wildlife, including birds, deer, and other animals. The trail is a great spot for a peaceful stroll or an invigorating workout.

Cascade View Neighborhood Park is a beautiful outdoor area located in the foothills of the Cascade Mountains. It features a variety of recreational activities, including a playground, picnic tables, a basketball court, and a walking path. The park also offers stunning views of the surrounding mountains and valleys, making it a great spot for a peaceful stroll or a picnic.

Redmond Central Connector is a scenic trail that runs through the heart of Redmond, Washington. It is a 3.5-mile paved trail that connects the city's two major parks, Marymoor Park and Redmond Watershed Preserve. The trail is open to pedestrians, cyclists, and rollerbladers, and features a variety of amenities along the way, including benches, picnic tables, and restrooms. It also offers stunning views of the Cascade Mountains and the Sammamish River.

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Redmond, Washington area median rent change by ZIP Code map

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How does Redmond compare to other cities in Washington ?

citymedian price
Sammamish$3,990
Greenacres$2,500
Renton$2,665
Marysville$2,640
Lake Tapps$2,615
Bainbridge Island$2,640
Maple Valley$2,875
Bremerton$1,825
Camas$1,930

Average household income in Redmond area graph - US Census

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The median household income in Redmond in 2021 was $132,770. This represents a 43.0% change from 2011 when the median was $92,851.

#categorypercent
0Less than $10,0003.4%
1$10,000 to $14,9991.7%
2$15,000 to $19,9991.2%
3$20,000 to $24,9991.8%
4$25,000 to $29,9991.5%
5$30,000 to $34,9991.6%
6$35,000 to $39,9992.1%
7$40,000 to $44,9991.4%
8$45,000 to $49,9991.6%
9$50,000 to $59,9994.5%
10$60,000 to $74,9994.2%
11$75,000 to $99,99910.1%
12$100,000 to $124,99912.0%
13$125,000 to $149,9998.9%
14$150,000 to $199,99916.5%
15$200,000 or more27.4%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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