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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Redmond & Beyond
Redmond shares many of the great qualities that make Washington a desirable place to live.
Washington is home to the famous Cascade Mountains and the Olympic Mountains mountain range. From its breathtaking landscapes to its thriving economy, there's something for everyone in this vibrant state. First, explore its rich history and culture by visiting museums such as the Museum of Pop Culture and the Burke Museum of Natural History & Culture. Then, take your education to the next level at prestigious universities like the University of Washington and Washington State. Washington's economy is diverse and robust, driven by key industries such as technology, agriculture, and manufacturing.
There's no shortage of ample opportunities for adventure and excitement. From exploring the stunning trails of Mount Rainier National Park to fishing in the picturesque Puget Sound, nature enthusiasts will be in their element. And sports fans will enjoy cheering for Seattle Seahawks (NFL), Seattle Kraken (NFL), and Seattle Mariners (MLB) and supporting their favorite college teams. Discover famous attractions like the Space Needle, the Pike Place Market, and the historic city of Seattle.
A hub of innovation and creativity, Washington is a great state offering endless opportunities, which makes it a great place to live.
Rental Market Trends
Redmond, WA
As of June 2026, Redmond's rental market is tenant-friendly, with extended leasing periods, prompting landlords to offer incentives or reduced pricing. Redmond's average rent is 4.7% ($84) higher than the Washington average of $1,771 and 3.2% ($58) higher than the U.S. average of $1,797.
Average Rent
$1,855
Monthly ChangeMonth Over Month Change
1.4% ($26)
Yearly ChangeYear Over Year Change
10% ($207)
Avg. Days on MarketAverage Days on Market
73
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,450 | 5.2% ($80) | 5.7% ($78) |
| 2 Beds | $2,339 | 3.8% ($92) | 38.6% ($651) |
| 3 Beds | $3,862 | 1.8% ($70) | 80.5% ($1722) |
| Nearby Cities | Average Rent | Avg. Rent vs. RedmondAverage Rent vs. Redmond | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Sammamish | $3,479 | 87.5% ($1624) | 28 days |
| Kirkland | $2,138 | 15.3% ($283) | 19 days |
| Bellevue | $2,398 | 29.3% ($543) | 21 days |
| Woodinville | $3,589 | 93.5% ($1734) | 30 days |
| Carnation | $2,561 | 38.1% ($706) | 33 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Redmond Rental Market FAQs
Explore rental prices, market trends, and availability in Redmond, WA.
The average rent in Redmond, WA is $1,855 per month.
Houses in Redmond typically rent for between $1,015 and $5,021 per month, with an average of $1,855 per month.
In Redmond, the average rent for a 1-bedroom house is $1,450 per month, for a 2-bedroom house, $2,339 per month, and a 3-bedroom house is $3,862 per month.
The average rent in Redmond is 3.2% ($58) higher than the national average of $1,797 per month.
The average rent in Redmond has decreased by 1.4% ($26) in the last month and decreased by 10.0% ($207) over the past year.
The rental market in Redmond, WA, is currently tenant-friendly, with extended leasing periods, prompting landlords to offer incentives or reduced pricing.
In Redmond, WA, the average rental stays on the market for approximately 73 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 59 rental properties available in Redmond, WA.
Based on the current averages, a household would need an annual income of $93,560 to comfortably afford a 2-bedroom house in Redmond.
