18 Apartments under 1400 for rent in Redmond, WA

Last updated May 26 at 1:47am UTC
23948 NE 115th Lane #201
Union Hill-Novelty Hill
Redmond, WA
Updated May 22 at 12:25pm UTC
2 Bedrooms
$1,295
Results within 1 miles of Redmond, WA
Results within 5 miles of Redmond, WA
Results within 10 miles of Redmond, WA
4730 20th Ave NE
University District
Seattle, WA
Updated May 26 at 1:47am UTC
Studio
$1,000
4742 20th Ave NE
University District
Seattle, WA
Updated May 25 at 5:53pm UTC
Studio
$950
4754 18th Ave NE
University District
Seattle, WA
Updated May 25 at 5:53pm UTC
Studio
$950
12028 31st Ave NE
Lake City
Seattle, WA
Updated May 24 at 6:20pm UTC
2 Bedrooms
$1,395
6700 NE 182nd St Apt B103
Northlake Terrace
Kenmore, WA
Updated May 23 at 9:58am UTC
1 Bedroom
$1,344
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May 2018 Redmond Rent Report

Welcome to the May 2018 Redmond Rent Report. Redmond rents increased 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.

View full Redmond Rent Report
Rent Report
Redmond

May 2018 Redmond Rent Report

Welcome to the May 2018 Redmond Rent Report. Redmond rents increased 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 increase sharply over the past month

Redmond rents have increased 1.5% over the past month, but are down moderately by 0.7% in comparison to the same time last year. Currently, median rents in Redmond stand at $1,780 for a one-bedroom apartment and $2,220 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in December of last year. Redmond's year-over-year rent growth lags the state average of 2.2%, as well as the national average of 1.5%.

Rents rising across the Seattle Metro

While rent prices have decreased in Redmond over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in all 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.

  • Federal Way has seen the fastest rent growth in the metro, with a year-over-year increase of 6.8%. The median two-bedroom there costs $1,720, while one-bedrooms go for $1,380.
  • Over the past month, Seattle proper has seen the biggest rent drop in the metro, with a decline of 0.2%. Median two-bedrooms there cost $1,650, while one-bedrooms go for $1,320.
  • Bellevue has the most expensive rents of the largest cities in the Seattle metro, with a two-bedroom median of $2,300; rents grew 0.5% over the past month and 0.7% over the past year.
  • Lakewood has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,400; rents increased 4.8% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to Redmond

As rents have fallen moderately in Redmond, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Redmond is less affordable for renters.

  • Other cities across the state have seen rents moderately increase, with Washington as a whole logging rent growth of 2.2% over the past year. For example, rents have grown by 3.9% in Vancouver and 2.6% in Spokane.
  • Redmond's median two-bedroom rent of $2,220 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 0.7% decline in Redmond.
  • While rents in Redmond fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+2.3%), Los Angeles (+2.1%), and Denver (+1.6%).
  • Renters will generally find more expensive prices in Redmond than most large cities. For example, Spokane has a median 2BR rent of $890, where Redmond is more than 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 $1,320 $1,650 -0.2% 0.2%
Tacoma $1,240 $1,540 0.1% 4.0%
Bellevue $1,850 $2,300 0.5% 0.7%
Everett $1,310 $1,630 0.6% 2.4%
Kent $1,430 $1,780 0.6% 4.3%
Renton $1,630 $2,030 0.7% 2.3%
Federal Way $1,380 $1,720 0.6% 6.8%
Auburn $1,320 $1,640 0.0% 3.0%
Marysville $1,370 $1,700 -0.0% 1.7%
Lakewood $1,130 $1,400 0.4% 4.8%
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.