Rental market snapshot for Central City, Phoenix
Central City rental market summary
The rental market in Central City, Arizona is showing signs of growth. In July 2023, there were 895 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $1,700, a 9.7% increase from the previous month and a 6.8% increase from the same time last year. This indicates that the rental market in Central City is becoming increasingly competitive and that rental prices are on the rise.
The increasing demand for rental properties in Central City is likely due to the city's growing population and economy. With more people looking for housing in the area, the demand for rental properties is increasing, driving up prices. This trend is likely to continue in the coming months, as more people move to the area and the local economy continues to grow.
Median rent for all residential properties in Central City
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The most expensive listings and top trending buildings in Central City
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
44 W Monroe St | $6,361 | 3 / 2.5 |
44 W Monroe St | $5,837 | 2 / 2.0 |
555 N 5th Ave | $4,824 | 3 / 2.0 |
11 S Central Ave | $4,737 | 2 / 2.5 |
222 E Jefferson St | $4,656 | 2 / 2.5 |
Top Trending Buildings
building name | avg rent price |
---|---|
Greystar Management Services (GMS) | $2,337 |
Korman Communities | $2,314 |
Greystar* | $2,172 |
Grand Peaks Property Management ** | $2,140 |
X Co | $2,111 |
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Bedroom Breakdown in Central City
Central City neighborhood apartments rents
The rental market for studios in Central City, Arizona is showing a slight increase in July 2023. There are 77 new studio listings, and the median rent has increased by .5% from June 2023 to July 2023, from $1,655 to $1,663. This indicates that the rental market is slowly improving, and that there is a steady demand for studio apartments in Central City.
The rental market for 1-bedroom apartments in Central City, Arizona is showing signs of growth. In July 2023, there were 118 new 1-bedroom listings, a 7.3% increase from the median rent in June 2023. The median rent for 1-bedroom apartments in July 2023 was $1,952, indicating that the rental market is becoming more competitive. With more listings and higher rents, it is likely that the rental market for 1-bedroom apartments in Central City will continue to grow in the coming months.
The rental market for 2-bedroom apartments in Central City, Arizona is showing signs of growth. In July 2023, there were 87 new 2-bedroom listings, a 4.8% increase from the median rent in June 2023. The median rent for 2-bedroom apartments in July 2023 was $2,571, indicating that the rental market is on the rise. With more listings and higher rents, it is likely that the rental market for 2-bedroom apartments in Central City will continue to grow in the coming months.