Rental market snapshot for Hughes Acres, Tempe
Hughes Acres rental market summary
The rental market in Hughes Acres, Arizona is showing signs of growth. In July 2023, there were 37 new listings, a 34.9% increase from the previous month. This indicates that more people are looking to rent in the area, likely due to the attractive prices. The median rent in July 2023 was $2,630, a 6.0% increase from the same time last year. This suggests that the rental market is becoming more competitive, as prices are rising.
Overall, the rental market in Hughes Acres, Arizona is looking positive. With an increase in new listings and a steady rise in median rent prices, it is a great time to consider renting in the area. With attractive prices and a growing market, Hughes Acres is an ideal place to rent.
Median rent for all residential properties in Hughes Acres
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The most expensive listings and top trending buildings in Hughes Acres
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1151 E Concorda Dr | $3,400 | 4 / 2.0 |
| 1241 E El Parque Dr | $3,250 | 3 / 2.0 |
| 1221 E Broadway Rd | $2,808 | 3 / 2.0 |
| 1281 E Loma Vista Dr | $2,630 | 3 / 2.0 |
| 925 E Broadmor Dr | $2,550 | 3 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Decron Properties | $1,734 |
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Bedroom Breakdown in Hughes Acres
Hughes Acres neighborhood apartments rents
The rental market for studios in Hughes Acres, Arizona is showing signs of growth. In July 2023, there was only one new studio listing, but the median rent for studios increased by 12.2% from June 2023 to July 2023, from $1,374 to $1,541. This suggests that demand for studios in Hughes Acres is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in Hughes Acres, Arizona is showing signs of growth. In July 2023, there was only one new 1-bedroom listing, but the median rent for 1-bedroom apartments increased by 8.4% from June 2023 to July 2023, from $1,599 to $1,734. This suggests that demand for 1-bedroom apartments is increasing, and that the rental market is likely to continue to grow in the coming months.
The rental market for 2-bedroom apartments in Hughes Acres, Arizona appears to be relatively stable, with only one new listing in June 2023 and a median rent of $1,949. Unfortunately, no data is available for April 2023, so it is not possible to determine the percent change in rent from that month. Overall, the rental market for 2-bedroom apartments in Hughes Acres appears to be relatively steady.