Rental market snapshot for University Park, Irvine
University Park rental market summary
The rental market in University Park, California is showing signs of growth. In July 2023, there were 23 new listings, an increase from the previous month. The median rent for July 2023 was $3,950, a 3.7% increase from June 2023 and a 32.8% increase from July 2022. This indicates that the rental market in University Park is becoming more competitive and that prices are rising.
The increasing number of listings and rising prices suggest that the rental market in University Park is becoming more attractive to potential renters. With more options available, renters have more choice when it comes to finding a place to live. The increasing prices also suggest that landlords are able to charge more for their properties, which could lead to more investment in the area.
Median rent for all residential properties in University Park
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The most expensive listings and top trending buildings in University Park
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
14 Palmento Way | $6,000 | 3 / 2.0 |
112 Sequoia Tree Ln | $4,500 | 4 / 2.5 |
3 Almond Tree Ln | $4,500 | 4 / 2.0 |
5146 Maple | $4,100 | 3 / 2.0 |
1 Lancewood Way | $4,000 | 3 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
TICAC | $2,510 |
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Bedroom Breakdown in University Park
University Park neighborhood apartments rents
Uh-oh! Looks like we don't have any data in University Park, California, for studios.
The rental market for 1-bedroom apartments in University Park, California is relatively stable. In July 2023, there was only one new listing, and the median rent for 1-bedroom apartments was $2,510, which is only a 1.6% decrease from the median rent in June 2023. This indicates that the rental market is not experiencing any significant changes in the short-term.
The rental market for 2-bedroom apartments in University Park, California appears to be stable, with only three new listings in July 2023. The median rent for 2-bedroom apartments in July 2023 was $2,900, indicating that the rental market is not experiencing any significant changes. Without data for June 2023, it is not possible to determine the percent change in rent from June to July. Overall, the rental market for 2-bedroom apartments in University Park appears to be steady.