Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Redmond, OR Rental Market Trends
What is the average rent in Redmond?
The average rent for an apartment in Redmond is $1,594. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Redmond, OR
Last updated May 2022
| Average Rent | Average Apartment Size |
|---|---|
| $1,594 | 859 sq. ft. |
What is the average apartment size in Redmond?
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
Redmond, OR Occupied Housing Units
4,023 or 33% of the households in Redmond, OR are renter-occupied while 7,827 or 66% are owner-occupied.
Redmond, OR Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | May / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Redmond, OR | $993 | $956 | $1,106 | $1,129 | $1,103 | $1,372 | $1,354 | $1,542 | $1,514 | $1,594 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Redmond Compares to Other Cities
| City | Average Rent |
|---|---|
| Portland | $1,680 |
| Bend | $1,767 |
| Eugene | $1,610 |
| Hillsboro | $1,882 |
| Gresham | $1,530 |
| Beaverton | $1,679 |
| Salem | $1,321 |
| Tigard | $1,594 |
| Redmond | $1,594 |
| Happy Valley | $1,667 |
| Springfield | $1,600 |
| Corvallis | $1,556 |
| Wilsonville | $1,764 |
| Fairview | $1,729 |
| Oregon City | $1,654 |
| Albany | $1,273 |
| Lake Oswego | $1,932 |
| Sherwood | $1,829 |
| Canby | $1,426 |
| Tualatin | $1,660 |
| Washougal | $1,825 |
Most Popular Apartments in Redmond
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Redmond apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.