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55 Apartments for rent in Redmond, WA

Read Guide >
Last updated November 19 at 3:50am UTC
Olde Redmond Place
7001 Old Redmond Rd
Redmond, WA
Updated November 19 at 2:28am UTC
1 Bedroom
$1,670
2 Bedrooms
$1,940
Gates of Redmond
15325 Redmond Way
Redmond, WA
Updated November 19 at 2:23am UTC
Studio
$1,525
1 Bedroom
$1,695
2 Bedrooms
$2,070
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City Guide
Redmond
Redmond, WA

Situated 10 miles northeast of Seattle, smack dab between the Cascade Mountains and the majestic Puget Sound, sits the booming little city of Redmond, Washington. A popular residential destination for young urbanites, married couples, and families alike, Redmond boasts some of Washington’s most attractive and luxurious apartments for rent. Sound like your cup of tea? Of course it does! But before you pack your bags and head for the Pacific Northwest in search of your dream dwellings, there a few things we thought you might like to know about life in Redmond to make your apartment search as seamless as possible…

Redmond: The Good

One of the niftiest aspects of living in Redmond is that the city’s local economy is among the strongest in the Puget Sound region. Redmond is a city of well-paid technology workers, many of which are employed at the 8,000 square foot Microsoft Corporation headquarters (which employs 40,000-plus techies). Other major players in the tech industry, including Nintendo of America, Concur Technologies, Solstice, and Wild Tangent, are headquartered in the city as well. With an unemployment rate of barely 7% and a wide range of employment opportunities, Redmond is a city whose tenants rarely have a problem bucking up for their monthly rent and saving a buck or two in the process as well.

Another cool thing about living in Redmond is that you’ll rarely run out of things to do, no matter if you’re an early bird or a night owl. Within Redmond’s city limits you can find more than a thousand acres of public park space, nearly 20 miles of hiking, biking, and equestrian trails, a velodrome, tons of unique shopping destinations, and a wide variety of live music venues, clubs, corner pubs, and other after-hours hotspots. Plus, with Seattle a mere 15-minute trek away, you’ll find no shortage of culture and excitement while living on the Eastside.

Redmond: The Really Good

Let’s not kid ourselves: What really matters to most of us isn’t how much our apartment costs, or how to entertain ourselves after the sun’s gone down, but how nice the weather is on a daily basis. Luckily, the climate in Redmond is about as good as it gets in inland America. Sure, you’ll come across more than a few gray and cloudy days between October and May, but the summer months in Redmond are postcard-perfect. Even in the winter months you can usually get by with nothing but a sweater. What this really boils down to for renters is that they don’t have to worry about setting aside too many extra greenbacks for heating and cooling costs.

Another reason Redmond continues to attract new residents (the city’s population has mushroomed 10% in the past decade and continues to grow) is that there aren’t any red-flag danger zones that residents should avoid at all costs. Crime is rare (but not unheard of, obviously), so whether you’re targeting an apartment in Bear Creek, Grass Lawn, Rose Hill (even the names sound pleasantly suburban, don’t they?) or anywhere else in Redmond, you won’t have to worry too much about getting robbed, mugged, accosted, harassed, or lashed ten times with a wet noodle (which happens in some cities, you know).

Apartments, meanwhile, are tremendously easy to come by and waiting lists are extraordinarily rare, giving renters the luxury of scouring the market leisurely and thoroughly for the best deals. New units, especially in and around the Overlake Village business center and near the Microsoft building just north of the Bellevue border, continue to sprout up each year. State-of-the-art amenities (modern kitchens, patios, spacious floor plans, community playgrounds, pools, business centers, etc) are standard fare at most complexes. A few pads even feature pet parks (finding a pet-friendly apartment is super easy in Redmond), private ponds, and complimentary public transportation to Microsoft, Nintendo, etc. In other words, living in a Redmond apartment equates to living it up in the lap of luxury.

Redmond: The Not So Good

Unsurprisingly for such a modern and affluent city, Redmond apartments often come with a steep price tag attached to them. Most 1BR crash pads go for at least a grand and spacious 2-3BR family units typically cost no less than $1500. The city’s cost of living index, which factors the cost of necessities like groceries, gasoline, and utilities, is nearly 50% (nope, not a typo!) higher than the national average. The good news, of course, is that since Redmond residents tend to make small fortunes in the tech industry, they don’t exactly have to pinch pennies to make ends meet anyway.

Redmond: The Wee Bit Ugly

Every rose has its thorn, as the old saying goes, and Redmond’s thorn comes courtesy of a maddening amount of daily traffic on the roadways. Downtown Seattle may be a measly 18 miles away, but it’s common, during rush hour, for the journey to take up to 2 hours (again, not a typo!). Luckily, city officials are taking measures to improve the flow of traffic (including expanding the SR-520 highway and bridge and developing a light rail system from Seattle to Redmond), so an end to your gridlock nightmares is in sight. For now, though, you’ll have to grin and bear the ungodly congestion (which is a small price to pay for living in such an über-pleasant community!) that plagues Redmond.

And now that we’ve got all the basics covered, let’s get down to business and scour the listings for the perfect apartment! Best of luck, welcome to Redmond, and happy hunting!

Rent Report
Redmond

November 2017 Redmond Rent Report

Welcome to the November 2017 Redmond Rent Report. Redmond rents declined over the past month. In this report, we'll evaluate trends in the Redmond rental market, including comparisons to cities throughout the metro, state, and nation.

Redmond rents declined over the past month

Redmond rents have declined 3.2% over the past month, but have been relatively flat at 0.3% in comparison to the same time last year. Currently, median rents in Redmond stand at $1,740 for a one-bedroom apartment and $2,170 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in July. Redmond's year-over-year rent growth lags the state average of 4.5%, as well as the national average of 2.7%.

Rents rising across the Seattle Metro

While rents have remained steady in the city of Redmond throughout the past year, cities across the metro have seen a different trend. Rents have risen in all of of the largest 10 cities in the Seattle metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Puyallup has seen the fastest rent growth in the metro, with a year-over-year increase of 14.3%. The median two-bedroom there costs $1,860, while one-bedrooms go for $1,490.
  • Over the past month, Redmond has seen the biggest rent drop in the metro, with a decline of 3.2%. Median two-bedrooms there cost $2,170, while one-bedrooms go for $1,740.
  • Tacoma has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,530; rents went down 0.2% over the past month but rose 5.3% over the past year.
  • Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,290; rents fell 1.5% over the past month but rose 3.4% over the past year.

Many large cities nationwide show more affordable rents compared to Redmond

Rent growth in Redmond has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most large cities across the country, Redmond is less affordable for renters.

  • Other cities across the state have seen rents significantly increase, with Washington as a whole logging rent growth of 4.5% over the past year. For example, rents have grown by 6.8% in Vancouver and 4.7% in Spokane.
  • Redmond's median two-bedroom rent of $2,170 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the stagnant growth in Redmond.
  • While rents in Redmond remained moderately stable this year, similar cities saw increases, including Phoenix (+4.1%), Los Angeles (+3.9%), and Denver (+2.0%); note that median 2BR rents in these cities go for $1,020, $1,730, and $1,330 respectively.
  • Renters will generally find more expensive prices in Redmond than most large cities. For example, Spokane has a median 2BR rent of $880, where Redmond is nearly two-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Seattle $1,350 $1,690 -0.9% 4.2%
Tacoma $1,230 $1,530 -0.2% 5.3%
Bellevue $1,840 $2,290 -1.5% 3.4%
Everett $1,300 $1,620 -0.3% 3.0%
Kent $1,390 $1,740 -0.5% 6.7%
Renton $1,630 $2,030 -1.0% 7.6%
Federal Way $1,370 $1,700 -0.6% 6.3%
Redmond $1,740 $2,170 -3.2% 0.3%
Kirkland $1,620 $2,020 -1.1% 0.0%
Puyallup $1,490 $1,860 1.8% 14.3%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.