Rental market snapshot for Cyprus Southwest, Tempe
Cyprus Southwest rental market summary
The rental market in Cyprus Southwest, Arizona is showing signs of stability. In July 2023, there were 68 new listings, indicating that the market is still active. The median rent for the month of July 2023 was $2,635, which is the same as the median rent for June 2023. This indicates that the rental market is not experiencing any significant changes in prices. When compared to the median rent in July 2022, there was a 4.2% increase in rent, suggesting that the rental market is slowly increasing in value.
Overall, the rental market in Cyprus Southwest, Arizona is showing signs of stability and gradual growth. With the number of new listings remaining steady and the median rent increasing, it is likely that the rental market will continue to remain stable and increase in value in the coming months.
Median rent for all residential properties in Cyprus Southwest
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The most expensive listings and top trending buildings in Cyprus Southwest
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 3613 S Kenneth Pl | $3,750 | 4 / 2.0 |
| 943 E Manhatton Dr | $3,495 | 4 / 3.5 |
| 3410 S Terrace Rd | $2,939 | 4 / 2.0 |
| 3410 S Terrace Rd | $2,909 | 4 / 2.0 |
| 1229 E Pebble Beach Dr | $2,800 | 4 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Western Wealth Communities | $1,430 |
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Bedroom Breakdown in Cyprus Southwest
Cyprus Southwest neighborhood apartments rents
The rental market for studios in Cyprus Southwest, Arizona is showing signs of growth. In July 2023, there were two new studio listings, indicating an increase in demand for rental units. The median rent for studios in July 2023 was $1,330, an 11.3% increase from the median rent in June 2023 of $1,195. This suggests that the rental market for studios in Cyprus Southwest is becoming more competitive, with landlords able to increase their asking prices.
The rental market for 1-bedroom apartments in Cyprus Southwest, Arizona is relatively stable. In July 2023, there was only one new listing, and the median rent increased by 2.3% from June 2023 to July 2023, from $1,398 to $1,430. This suggests that the rental market is not experiencing any significant changes in the short-term.
The rental market for 2-bedroom apartments in Cyprus Southwest, Arizona is showing signs of growth. In July 2023, there was only one new 2-bedroom listing, but the median rent for 2-bedroom apartments increased by 4.3% from June 2023 to July 2023, from $1,645 to $1,715. This suggests that demand for 2-bedroom apartments is increasing, and that the rental market is likely to continue to grow in the coming months.