Rental market snapshot for Otay Ranch Village 1, Chula Vista
Otay Ranch Village 1 rental market summary
The rental market in Otay Ranch Village 1, California is showing signs of growth. In July 2023, there were 223 new listings, which is a significant increase from the previous month. The median rent in July 2023 was $3,605, a 0.7% increase from the previous month and a 5.5% increase from the same time last year. This indicates that the rental market in Otay Ranch Village 1 is becoming increasingly competitive, with more people looking to rent in the area.
Overall, the rental market in Otay Ranch Village 1 is showing signs of growth. The increasing number of new listings and the rising median rent prices indicate that the rental market is becoming increasingly competitive. This could be a great opportunity for landlords and tenants alike, as the rental market is becoming more attractive.
Median rent for all residential properties in Otay Ranch Village 1
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The most expensive listings and top trending buildings in Otay Ranch Village 1
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 2174 Element Way | $6,500 | 4 / 4.0 |
| 919 Stonegate Ct | $6,100 | 5 / 4.5 |
| 1286 Monte Sereno Ave | $4,990 | 4 / 3.0 |
| 2012 Callisto Ter | $4,950 | 4 / 3.5 |
| 1800 Santa Carolina Rd | $4,723 | 3 / 3.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Legacy Partners Inc. | $2,914 |
| Baldwin & Sons Property Management | $2,883 |
| Olympus Multifamily Management LLC DBA Olympus Pro | $2,856 |
| Greystar Real Estate Partners LLC | $2,735 |
| Fairfield Residential | $2,733 |
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Bedroom Breakdown in Otay Ranch Village 1
Otay Ranch Village 1 neighborhood apartments rents
The rental market for studios in Otay Ranch Village 1, California is showing signs of growth. In May 2023, there was one new studio listing, and the median rent for studios increased by 8.6% from April 2023 to May 2023, from $2,344 to $2,546. This suggests that the demand for studios in the area is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in Otay Ranch Village 1, California is relatively stable. In July 2023, there were 24 new 1-bedroom listings, and the median rent remained virtually unchanged from June 2023, increasing by only .1%. This indicates that the rental market is not experiencing any significant changes, and that the demand for 1-bedroom apartments is steady.
The rental market for 2-bedroom apartments in Otay Ranch Village 1, California is showing signs of stability. In July 2023, there were 32 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 2.8% from June 2023 to July 2023, from $3,557 to $3,458. This suggests that the rental market is not experiencing any drastic changes, and that the rental prices are staying relatively consistent.