Rental market snapshot for South Mountain, Phoenix
South Mountain rental market summary
The rental market in South Mountain, Arizona is showing signs of stability. In July of 2023, there were 4,656 new listings, indicating that the market is still active. The median rent for the month of July 2023 was $2,155, which is only a .5% increase from the median rent in June of 2023 and the same as the median rent in July of 2022. This suggests that the rental market in South Mountain is not experiencing any significant changes in terms of rent prices.
Overall, the rental market in South Mountain appears to be healthy and stable. With a steady influx of new listings and no significant changes in rent prices, it is a great time for renters to explore the area and find a place to call home.
Median rent for all residential properties in South Mountain
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The most expensive listings and top trending buildings in South Mountain
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 9210 S 19th Ave | $6,000 | 5 / 5.5 |
| 2115 W Allen St | $5,000 | 3 / 2.5 |
| 2420 W Kachina Trl | $4,750 | 4 / 2.5 |
| 2903 E Gary Way | $4,500 | 4 / 3.0 |
| 3930 E Pollack St | $3,500 | 3 / 3.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Bridge Property Management | $1,520 |
| TruAmerica Multifamily LLC | $1,413 |
| Zendoor | $1,367 |
| Asset Living | $1,350 |
| GIG | $1,337 |
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Bedroom Breakdown in South Mountain
South Mountain neighborhood apartments rents
The rental market for studios in South Mountain, Arizona is relatively stable. In July 2023, there was only one new studio listing, and the median rent only increased by .9% from June 2023 to July 2023, from $818 to $825. This indicates that the rental market for studios in South Mountain is not experiencing any significant changes in terms of pricing or availability.
The rental market for 1-bedroom apartments in South Mountain, Arizona is showing signs of growth. In July 2023, there were 22 new 1-bedroom listings, which is a positive sign for the market. The median rent for 1-bedroom apartments in July 2023 was $1,346, which is a 2.8% 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 South Mountain, Arizona is looking positive.
The rental market for 2-bedroom apartments in South Mountain, Arizona is showing signs of growth. In July 2023, there were 32 new 2-bedroom listings, which is a 5.4% increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $1,545, which is a 5.4% decrease from the median rent in June 2023. This indicates that the rental market is becoming more competitive, with more options available for renters.