5+ Days Ago
Highlights
- On-site laundry
- Clean, modern finishes
- Unique and versatile layout
- Available parking
Location
88 Wallace St, Red Bank, NJ 07701, USA|Red Bank
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Property Overview
Washington Red scores well across various evaluations, achieving an impressive overall Zumper rating of 8.6 out of 10, reflecting its strong value and amenities. The property features include modern finishes, on-site laundry, and available parking, underscoring its uniqueness and versatility. Additionally, it is conveniently located near essential services and schools, ensuring an elevated quality of life for residents while maintaining competitive pricing in the market.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Less expensive
- Middle school nearby
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 1,200 sqft | $2,500 /mo | 1 unit available | Welcome to this beautifully 2-bedroom + loft apartment located just steps from the vibrant downtown of Red Bank. Offering a unique and versatile layout, this home combines charm, character, and modern updates in one of Monmouth County’s most desirable locations. Inside, you’ll find a bright and airy living space with high ceilings and oversized windows that flood the unit with natural light. The kitchen and bathroom feature clean, modern finishes, while the loft area provides the perfect bonus space—ideal for a home office, guest area, or cozy retreat. Enjoy the convenience of on-site laundry and available parking, making everyday living easy and stress-free. Gas, electric, water, and sewer are an additional $150 per month. Located just moments from downtown Red Bank, you’ll have easy access to top-rated restaurants, shopping, entertainment, and NJ Transit—perfect for commuters and anyone who loves a walkable lifestyle. Highlights: 2 bedrooms + loft Updated kitchen & bathroom Bright, sun-filled living space Bonus loft space (office/guest area) On-site laundry Parking available Prime location near downtown & transportation Don’t miss this rare opportunity to rent a unique and spacious apartment in an unbeatable Red Bank location! |
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Amenities for Washington Red
Building
| Onsite Laundry | Shared Laundry |
Grounds
| Assigned Parking |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Questions about this property’s policies and fees?
Building details
Property details
| Units | 4 |
|---|
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About Washington Red
Welcome to this beautifully 2-bedroom + loft apartment located just steps from the vibrant downtown of Red Bank. Offering a unique and versatile layout, this home combines charm, character, and modern updates in one of Monmouth County’s most desirable locations. Inside, you’ll find a bright and airy living space with high ceilings and oversized windows that flood the unit with natural light. The kitchen and bathroom feature clean, modern finishes, while the loft area provides the perfect bonus space—ideal for a home office, guest area, or cozy retreat. Enjoy the convenience of on-site laundry and available parking, making everyday living easy and stress-free. Gas, electric, water, and sewer are an additional $150 per month. Located just moments from downtown Red Bank, you’ll have easy access to top-rated restaurants, shopping, entertainment, and NJ Transit—perfect for commuters and anyone who loves a walkable lifestyle. Highlights: 2 bedrooms + loft Updated kitchen & bathroom Bright, sun-filled living space Bonus loft space (office/guest area) On-site laundry Parking available Prime location near downtown & transportation Don’t miss this rare opportunity to rent a unique and spacious apartment in an unbeatable Red Bank location!
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.6
/10
Very GoodWith a solid 8.6 out of 10 overall, Washington Red is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Washington Red has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, Washington Red is a great option for renters looking for apartments in Red Bank. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Washington Red goes above and beyond to provide sought-after conveniences and desirable perks, including assigned parking. Renters looking for popular or luxurious features will find them here—and for that reason, Washington Red receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Washington Red is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Washington Red has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Washington Red compares to other nearby properties.
Positives
- High school nearby
- There is a high school 1 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.2 mile away
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Red Bank
2-bedroom apartments at Washington Red cost about 23% less than the average rent price for 2-bedroom apartments in Red Bank.
Median rents as of Mar 14 2026.
Red Bank
Red Bank
| Month | Median Rent |
|---|---|
| May 2024 | $2,583 |
| June 2024 | $1,750 |
| July 2024 | $1,750 |
| August 2024 | $1,862 |
| September 2024 | $1,862 |
| October 2024 | $1,850 |
| November 2024 | $1,850 |
| December 2024 | $1,850 |
| January 2025 | $1,875 |
| February 2025 | $1,950 |
| March 2025 | $1,875 |
| April 2025 | $1,800 |
| May 2025 | $1,770 |
| June 2025 | $1,750 |
| July 2025 | $1,830 |
| August 2025 | $1,935 |
| September 2025 | $1,940 |
| October 2025 | $1,850 |
| January 2026 | $1,850 |
| February 2026 | $1,850 |
| March 2026 | $1,850 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,750 |
| October 2024 | $1,850 |
| June 2025 | $1,750 |
| July 2025 | $1,820 |
| August 2025 | $1,935 |
| September 2025 | $1,887 |
Affordability calculator
Can I afford to live at 88 Wallace St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$100,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $100,000 annually to afford this 2-bedrooms monthly rent price of $2,500.
For more information on rent affordability, visit our rent calculator.
Schools near Washington Red
Acelero Learning - Red Bank Center
144 drs james parker blvd
red bank, NJ, 7701
PKPublic
Red Bank Primary School
222 river st
red bank, NJ, 7701
PK, K-3Public
C+
Shrewsbury Borough Elementary School
20 obre pl
shrewsbury, NJ, 7702
PK, K-8Public
A-
Monmouth Beach School District
7 hastings pl
monmouth beach, NJ, 7750
PK, K-8Public
A
Atlantic Highlands Elementary School
140 first ave
atlantic highlands, NJ, 7716
PK, K-6Public
A-
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Internet available near Washington Red
Neighborhood
Red Bank | Red Bank, NJ
Getting around Red Bank near 88 Wallace St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 88 Wallace St, Red Bank
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
7/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
2/10
No high schools within a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
4/10
Few or no bars within walking distance
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