Redmond ranks among Top 10 U.S. cities to rent new apartments
If you're in the market to rent, Redmond is where it's at!
According to RentCafe’s latest report, Redmond ranks among the top 50 best places to find new apartments in coveted locations, snatching the 9th spot. This past decade, the number of new rentals increased significantly, many of which are in desirable areas of the city.
Redmond offers that urban-suburban vibe with a lot of restaurants, coffee shops and parks. It's a great spot for families and young professionals, thanks to Microsoft.
MORE: Refined Real Estate in the PNW
Highlights from the report:
- Between 2012 and 2021, the number of new apartments in Redmond increased by a whopping 85.1%. Around 6,000 new rentals hit the market back then, of which almost 98.2% are in coveted locations.
- New apartments in Redmond offer an average of 740 sq. ft. Occupancy rates reach 92.5%, leaving renters craving that new apartment vibe with around 7% vacant new rentals.
- While Seattle didn't secure a spot in the top 50 nationwide, the number of new rentals built this past decade increased by 136.5%, with less than half located in popular areas across the city. More so, apartments in the Emerald City are less generous in space, averaging 660 sq. ft.
- In Bellevue and Tampa, new apartments increased by 38.1% and 23.8% this past decade, respectively. By comparison, these cities offer larger rentals — 797 sq. ft. and 812 sq. ft.
- Boca Raton, FL, was named the best city for finding new apartments in highly desirable locations. So if you're seeking sunshine, you're not alone.
So, what does Redmond have to offer? Check out these rental options!
Spectra Apartments
Spectra is now leasing brand new studio, one, two, and three-bedroom apartment homes in Redmond, near Marymoor Park. There are community-wide amenities that are designed to connect residents with social spaces that generate a buzz from day to night. From its resort-inspired swimming pool to its interactive art-filled promenade, Spectra Apartments is where residents can enjoy their apartment home inside and out, plus it's super cute!
Parkside by Lincoln Property Company
Check out this thoughtfully designed collection of high-tech apartments in Redmond, just steps away from Microsoft's campus. Within each studio, one-bedroom, and two-bedroom apartment, you’ll find modern features such as keyless entry, a designer kitchen with Whirlpool appliances, quartz countertops, upgraded cabinetry, and an in-home washer and dryer set. Additional features include expansive private balconies with views of the Eastside and downtown Seattle and spacious walk-in closets in select homes. This is a total vibe!
Porch + Park
Like the prestigious Park Place and Boardwalk squares on the gameboard of Monopoly, Porch + Park is one of the most valuable spots to "land on" within Downtown Redmond. The one and only Porch + Park location is a walk-anywhere community that connects you with the heart of Redmond Downtown Park. Grab a bagel, jump on your favorite bike trail and take in the gorgeous rooftop views with friends; it's downright an ideal spot to call home.
Kate Neidigh is a freelance lifestyle writer for Seattle Refined. See more of her work on Instagram here.
