Rent Tracker
Rent Inflation in Redding, CA
The average asking rent in Redding, CA is $1,701/month as of 2026-08. That is +4.2% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,701/mo
as of 2026-08
Year-over-Year Change
+4.2%
24-Month Rent Trend
Monthly ZORI index values for Redding, CA.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,701 | +0.41% |
| 2026-07 | $1,694 | +0.47% |
| 2026-06 | $1,686 | +0.42% |
| 2026-05 | $1,679 | -0.36% |
| 2026-04 | $1,685 | -0.47% |
| 2026-03 | $1,693 | +0.36% |
| 2026-02 | $1,687 | +0.42% |
| 2026-01 | $1,680 | +1.27% |
| 2025-12 | $1,659 | +0.67% |
| 2025-11 | $1,648 | +0.43% |
| 2025-10 | $1,641 | +0.12% |
| 2025-09 | $1,639 | +0.43% |
| 2025-08 | $1,632 | -0.18% |
| 2025-07 | $1,635 | +0.00% |
| 2025-06 | $1,635 | -0.12% |
| 2025-05 | $1,637 | +1.43% |
| 2025-04 | $1,614 | +0.06% |
| 2025-03 | $1,613 | +1.00% |
| 2025-02 | $1,597 | +0.88% |
| 2025-01 | $1,583 | +1.28% |
| 2024-12 | $1,563 | +0.71% |
| 2024-11 | $1,552 | -0.06% |
| 2024-10 | $1,553 | +0.00% |
| 2024-09 | $1,553 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices