Redmond, OR Rental Market Trends
Highlights
The average rent for an apartment in Redmond is $1,372, a 24% increase compared to the previous year, when the average rent was $1,106.
Average Rent in Redmond, OR
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,372 | 24% | 859 sq. ft. |
The average size for a Redmond, OR apartment is 859 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Redmond, OR Apartment Rent Ranges
- $701-$1,0003%
- $1,001-$1,50072%
- $1,501-$2,00025%
Redmond, OR Occupied Housing Units
- Renter-occupied Households34%
- Owner-occupied Households65%
3,869 or 34% of the households in Redmond, OR are renter-occupied while 7,500 or 65% are owner-occupied.
Redmond, OR Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Feb / 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Redmond, OR | $866 | $866 | $932 | $993 | $956 | $1,106 | $1,129 | $1,103 | $1,372 |
| National | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 |
How Redmond Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Portland | $1,495 | -2% |
| Eugene | $1,405 | 3% |
| Beaverton | $1,390 | -2% |
| Gresham | $1,345 | 2% |
| Hillsboro | $1,544 | n/a |
| Bend | $1,418 | 9% |
| Redmond | $1,372 | 24% |
For more information about the Redmond rental trends, check out our monthly rent report
Check out Oregon Cities, Oregon Neighborhoods and Oregon Zip Codes for more details on verified listings, including the Oregon Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!