Rental market snapshot for Encanto, Phoenix
Encanto rental market summary
The rental market in Encanto, Arizona is showing signs of stability. In July 2023, there were 776 new listings, indicating that the market is still active and growing. The median rent for the month of July 2023 was $1,695, which is only a 1.2% increase from the previous month and a 0.2% increase from the same time last year. This suggests that the rental market in Encanto is relatively stable and not experiencing rapid fluctuations in rent prices.
Overall, the rental market in Encanto appears to be healthy and growing. With a steady influx of new listings and a stable median rent, the market is likely to remain strong in the coming months. This is good news for both landlords and tenants, as it provides a reliable and affordable housing option in the area.
Median rent for all residential properties in Encanto
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The most expensive listings and top trending buildings in Encanto
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 2016 N 1st Ave | $5,000 | 3 / 3.0 |
| 2310 North 11th Street | $5,000 | 3 / 2.0 |
| 116 W McDowell Rd | $4,200 | 1 / 1.0 |
| 1302 W Heatherbrae Dr | $3,850 | 3 / 2.0 |
| 2323 N Central Ave | $3,500 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Russ Lyon Sotheby's International Realty Hailey F Gindlesperger https://www.realtor.com/realestateandhomes-detail/17-W-Vernon-Ave-Unit-513_Phoenix_AZ_85003_M14486-96292?s=ARMLSAZ&m=6535467&c=rent&f=listhub | $2,100 |
| Greystar Management Services (GMS) | $1,910 |
| Quarterra | $1,722 |
| Zillow Rental Network | $1,713 |
| Avenue 5 Residential | $1,699 |
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Bedroom Breakdown in Encanto
Encanto neighborhood apartments rents
The rental market for studios in Encanto, Arizona is showing signs of stability. In July 2023, there were 30 new studio listings, and the median rent for studios decreased by 1.9% from June 2023 to July 2023, from $1,350 to $1,324. This suggests that the rental market is not experiencing any significant changes in pricing, and that the market is likely to remain stable in the near future.
The rental market for 1-bedroom apartments in Encanto, Arizona is showing signs of growth. In July 2023, there were 110 new 1-bedroom listings, a 7.2% increase from the previous month. The median rent for 1-bedroom apartments in July 2023 was $1,555, a 7.2% increase from the median rent in June 2023. This indicates that the rental market for 1-bedroom apartments in Encanto is on the rise, and renters should expect to pay more for their apartments in the coming months.
The rental market for 2-bedroom apartments in Encanto, Arizona is showing signs of growth. In July 2023, there were 65 new 2-bedroom listings, a 3.5% increase from the median rent in June 2023. The median rent for 2-bedroom apartments in July 2023 was $1,800, a slight increase from the median rent in June 2023 of $1,739. This indicates that the rental market for 2-bedroom apartments in Encanto is on the rise, and that renters should expect to pay slightly more for their apartments in the coming months.