Rental market report · October 2026
Redmond rental market report, October 2026
Single-family rents, rent by bedroom, what is on the NWMLS today, the HUD anchor and the rules that set this month's renewal letters, for owners of a rental house in Redmond.
The median single-family rent in Redmond is $4,100 a month in October 2026, up 3.8% from October 2025. Across every rental type the median is $2,373 (down 1.1% from October 2025), and a listing takes a median 15 days to lease. On the NWMLS, 27 Redmond rentals were active on October 15, 2026, 18 of them houses asking a median $4,500. HUD's FY2027 Fair Market Rent for a 3-bedroom in Redmond's ZIP codes runs $4,110 to $4,290, and the 2026 cap on a renewal is 9.683%.
Median rent
$2,373
all rental types, October 2026, licensed data
Single-family median
$4,100
98 house listings, licensed data
Active single-family rentals
18
of 27 Redmond rentals on the NWMLS, October 15, 2026
Days on market
15
median, licensed data
Rent by bedroom
What each size rents for in Redmond.
| Size | Median rent (October 2026) | Active on the NWMLS | NWMLS asking median | HUD FY2027 SAFMR (ZIP median) |
|---|---|---|---|---|
| Studio | $1,965 (39 listings) | 0 | — | $2,640 |
| 1 bedroom | $2,043 (112 listings) | 4 | fewer than 5 active | $2,750 |
| 2 bedrooms | $2,499 (104 listings) | 2 | fewer than 5 active | $3,220 |
| 3 bedrooms | $3,650 (44 listings) | 5 | $3,500 | $4,200 |
| 4 bedrooms | $4,300 (47 listings) | 11 | $4,300 | $4,995 |
| 5+ bedrooms | $4,950 (13 listings) | 5 | $6,500 | — |
Licensed medians are listing-weighted across the city's 2 report ZIP codes. NWMLS figures are the brokerage-listed rentals active on October 15, 2026; no median is shown from fewer than 5 listings.
Twelve months
Where Redmond rent moved since October 2025.
| Month | Median rent | Single-family median |
|---|---|---|
| October 2025 | $2,399 | $3,950 |
| November 2025 | $2,342 | $3,895 |
| December 2025 | $2,354 | $3,900 |
| January 2026 | $2,360 | $3,650 |
| February 2026 | $2,250 | $3,500 |
| March 2026 | $2,363 | $3,450 |
| April 2026 | $2,400 | $3,850 |
| May 2026 | $2,450 | $4,150 |
| June 2026 | $2,544 | $4,150 |
| July 2026 | $2,499 | $4,500 |
| August 2026 | $2,435 | $4,400 |
| September 2026 | $2,449 | $4,200 |
| October 2026 | $2,373 | $4,100 |
By ZIP code
The 2 ZIP codes behind the Redmond numbers.
| ZIP | Median rent | Single-family median | Listings | HUD 2-bed SAFMR | HUD 3-bed SAFMR |
|---|---|---|---|---|---|
| 98052 | $2,373 | $4,100 | 329 | $3,150 | $4,110 |
| 98053 | $4,100 | $4,400 | 30 | $3,290 | $4,290 |
If you own one house here
What this month means for a Redmond landlord.
- Pricing a vacancy. Start from $4,100, this month's single-family median, then move for bedrooms, condition and parking: the bedroom table above is the band a Redmond applicant will compare you against, and 18 houses are competing on the NWMLS today.
- The cap. A renewal on a $4,100 rent can rise at most $397 a month in 2026 (9.683%), with 120 days' written notice in Redmond; a new tenancy is not capped, so a vacancy is the one moment the rent resets to market.
- Placement timing. At a median 15 days on market, a home listed 29 days before the move-out date leases without a vacant month; the cost of a mispriced listing is the days it adds, not the dollars it asks.
RexMont Rent Read
What would your Redmond house rent for in October 2026?
Your monthly rent range in seconds, next to what the home would sell for today and the rent-vs-sell math. Estimate, not an appraisal.
Estimate, not an appraisal. Rents from RexMont’s licensed NWMLS data and licensed rental comps; the full read with the comps goes by email.
Homes for rent now
The 5 newest Redmond rental listings on the NWMLS.
Active rentals as listed by their brokerages, newest first, refreshed hourly. Asking rent, bedrooms and the listing office are shown as reported to the Northwest Multiple Listing Service.
$2,200/mo
MLS# 25902896051 137th Avenue NE #336
Redmond, WA 98053
Listing courtesy of HomeSmart One Realty
$1,750/mo
MLS# 25929319474 Redmond Woodinville Road NE #A303
Redmond, WA 98052
Listing courtesy of Lori Gill & Assoc. Prop Mgmt
$2,300/mo
MLS# 25927083834 175th Avenue NE #44
Redmond, WA 98052
Listing courtesy of COMPASS
$5,000/mo
MLS# 259044416652 NE 120th Street NE
Redmond, WA 98052
Listing courtesy of AgencyOne
$4,200/mo
MLS# 258498711220 196th Avenue NE
Redmond, WA 98052
Listing courtesy of Marketplace Sotheby's Intl Rty
Your property management team
The people managing your Redmond rental.
Grisel Castro
Property Manager · WA Lic. #137529
Leads leasing, pricing, renewals, and owner strategy
Real people, not a call center. Adriano Tori, Designated Broker (WA Lic. #27660), is accountable for every account.
FAQ
Redmond rents — questions owners ask first.
What is the average rent in Redmond in October 2026?
Across every rental type, the median rent in Redmond is $2,373 a month in October 2026 (average $2,877), from licensed rent data covering 359 listings in 2 residential ZIP codes, down 1.1% from October 2025. By bedroom: studio $1,965, 1 bedroom $2,043, 2 bedrooms $2,499, 3 bedrooms $3,650, 4 bedrooms $4,300, 5+ bedrooms $4,950.
How much does a single-family house rent for in Redmond?
The median single-family rent in Redmond is $4,100 a month in October 2026, across 98 house listings in the licensed data. On the NWMLS, the 18 houses active on October 15, 2026 ask a median of $4,500. HUD's FY2027 Small Area Fair Market Rent for a 3-bedroom in Redmond's ZIP codes runs $4,110 to $4,290.
How many homes are for rent in Redmond right now?
27 Redmond rentals were active on the Northwest Multiple Listing Service on October 15, 2026: 18 houses, 5 condominiums and 3 townhouses (4 1-bedroom, 2 2-bedroom, 5 3-bedroom, 11 4-bedroom, 5 5+-bedroom). The NWMLS carries the brokerage-listed share of the market; apartment communities and owner-listed homes on rental portals are not in that count, which is why the licensed rent series above covers more listings.
How much can a Redmond landlord raise the rent in 2026?
9.683% on a covered tenancy for 2026 (RCW 59.18.700, published by the Washington State Department of Commerce), with no increase in the first 12 months of a tenancy. On a $4,100 rent that is at most $397 more a month. Redmond requires 120 days' written notice for an increase over 3% and 180 days for an increase over 10% (RMC 9.54.030); the state floor is 90 days. A new tenancy is not capped, so the asking rent on a vacancy is set by the market figures in this report.
What is the HUD Fair Market Rent for Redmond?
HUD sets Small Area Fair Market Rents by ZIP code for the Seattle-Bellevue metro. For FY2027 (effective October 1, 2026), Redmond's 2 report ZIP codes run $3,150 to $3,290 for a 2-bedroom and $4,110 to $4,290 for a 3-bedroom; the metro-wide FMR is $2,549 (2-bedroom) and $3,324 (3-bedroom). FMRs are 40th-percentile gross rents used for Housing Choice Vouchers, a floor-of-market anchor rather than a target for a single-family house.
Other cities
This month in the other five reports.
- Seattle rental market report$3,150 median single-family rent
- Bellevue rental market report$4,100 median single-family rent
- Kirkland rental market report$3,850 median single-family rent
- Issaquah rental market report$3,950 median single-family rent
- Sammamish rental market report$4,145 median single-family rent
Monthly, by email
The Redmond Journal
One email a month: what sold, what is listed, what it means for Redmond owners and buyers. Written by Adriano Tori, Designated Broker.