Rental market snapshot for Sunset, Tempe
Sunset rental market summary
The rental market in Sunset, Arizona is showing signs of growth. In July 2023, there were 29 new listings, a 4.4% increase from the previous month. This is a sign that the rental market is becoming more competitive. The median rent in July 2023 was $1,549, a 15.1% increase from the same time last year. This indicates that the rental market in Sunset is becoming more expensive.
Overall, the rental market in Sunset, Arizona is becoming more competitive and expensive. With more new listings and higher median rent prices, it is becoming increasingly difficult for renters to find an affordable place to live. As the rental market continues to grow, it is important for renters to stay informed and be aware of the latest trends in order to find the best deals.
Median rent for all residential properties in Sunset
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The most expensive listings and top trending buildings in Sunset
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1328 W 7th St | $2,895 | 4 / 2.0 |
| 421 S Terry Ln | $2,095 | 2 / 2.0 |
| 1007 W 1st St | $1,825 | 2 / 1.0 |
| 1200 W University Dr | $1,795 | 1 / 1.5 |
| 122 S Hardy Dr | $1,750 | 2 / 1.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| avant garde | residential management services | $1,245 |
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Bedroom Breakdown in Sunset
Sunset neighborhood apartments rents
The rental market for studios in Sunset, Arizona is showing signs of improvement in July 2023. There was only one new studio listing in July, but the median rent decreased by 10.2% from June 2023 to July 2023, from $1,220 to $1,095. This suggests that the rental market is becoming more competitive, and renters may be able to find better deals in the area.
The rental market for 1-bedroom apartments in Sunset, Arizona is showing signs of improvement. In July 2023, there was only one new listing, but the median rent decreased by 22.3% from June 2023 to July 2023, from $1,602 to $1,245. This suggests that the market is becoming more competitive, with landlords offering lower rents to attract tenants. It is likely that the rental market will continue to improve in the coming months.
The rental market for 2-bedroom apartments in Sunset, Arizona is showing signs of stability. In July 2023, there were 3 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 4.9% from June 2023 to July 2023, settling at $1,710. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 2-bedroom apartments are staying relatively consistent.