Rental market snapshot for North Gateway, Phoenix
North Gateway rental market summary
The rental market in North Gateway, Arizona is showing signs of stability. In July 2023, there were 959 new listings, indicating that the market is still active. The median rent for the month of July 2023 was $2,380, which is the same as the median rent for June 2023. This suggests that the rental market in North Gateway is not experiencing any significant changes in terms of pricing. Furthermore, when compared to the median rent for July 2022, there has only been a 0.4% increase in rent, indicating that the rental market is not experiencing any significant inflation.
Overall, the rental market in North Gateway, Arizona appears to be stable and healthy. The number of new listings in July 2023 is indicative of a healthy market, and the lack of significant changes in rent prices suggests that the market is not experiencing any major fluctuations. This is good news for both landlords and tenants in North Gateway, as it ensures that the rental market remains stable and affordable.
Median rent for all residential properties in North Gateway
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The most expensive listings and top trending buildings in North Gateway
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
2022 W Tallgrass Trl | $3,700 | 5 / 4.0 |
1929.5 W Burnside Trl | $3,595 | 4 / 3.0 |
1929 W Burnside Trail | $3,595 | 4 / 3.0 |
29518 N 21st Dr | $3,500 | 4 / 3.0 |
31714 N 24th Dr | $3,500 | 3 / 3.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Olympus Multifamily Management LLC DBA Olympus Pro | $1,452 |
TIAA-CREF - Pinnacle Family of Companies | $1,436 |
Olympus Property Management | $1,398 |
Mid-America Apartments L.P. | $1,396 |
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Bedroom Breakdown in North Gateway
North Gateway neighborhood apartments rents
The rental market for studios in North Gateway, Arizona is showing signs of growth. In July 2023, there was only one new studio listing, but the median rent increased by 7.8% from June 2023 to July 2023, from $1,232 to $1,329. This suggests that demand for studio apartments is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in North Gateway, Arizona is showing signs of growth. In July 2023, there were 12 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,435, a 6.1% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in North Gateway appears to be on the rise.
The rental market for 2-bedroom apartments in North Gateway, Arizona is showing signs of stability. In July 2023, there were 15 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 5.0% from June 2023 to July 2023, settling at $1,643. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 2-bedroom apartments are staying relatively consistent.