Rental market snapshot for Downtown, Long Beach
Downtown rental market summary
The rental market in Downtown, California is showing signs of growth. In July of 2023, there were 891 new listings, a 13.4% increase from the previous month. This is indicative of a healthy rental market, as more people are looking for housing in the area. The median rent for July 2023 was $2,595, a 9.9% increase from the same time last year. This is a positive sign for landlords, as it shows that the demand for rental properties is increasing.
Overall, the rental market in Downtown, California is looking strong. With more listings and higher median rent prices, it is a great time to be a landlord in the area. With the demand for rental properties increasing, landlords can expect to see a steady stream of tenants in the coming months.
Median rent for all residential properties in Downtown
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The most expensive listings and top trending buildings in Downtown
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
110 W Ocean Blvd | $14,000 | 2 / 2.0 |
777 E Ocean Blvd | $13,615 | 2 / 2.0 |
777 E Ocean Blvd | $13,535 | 2 / 2.0 |
333 E Broadway | $13,221 | 3 / 3.0 |
777 E Ocean Blvd | $12,850 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
ConAm Management | $4,226 |
Greystar Real Estate Partners LLC | $3,402 |
AMLI Residential | $3,240 |
Lyon Management Group Inc. | $3,202 |
Capilano Properties | $2,993 |
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Bedroom Breakdown in Downtown
Downtown neighborhood apartments rents
The rental market for studios in Downtown, California is showing signs of a slight decrease in rent prices. In July 2023, there were 62 new studio listings, with a median rent of $2,582, which is 7.6% lower than the median rent of $2,795 in June 2023. This suggests that the rental market for studios in Downtown, California is becoming more competitive, with landlords offering lower prices to attract tenants.
The rental market for 1-bedroom apartments in Downtown, California is showing signs of growth. In July 2023, there were 106 new 1-bedroom listings, a 2.6% increase in median rent from June 2023 to July 2023, and a median rent of $3,285. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in Downtown, California is showing signs of growth. In July 2023, 77 new 2-bedroom listings were added to the market, indicating an increase in demand. The median rent for 2-bedroom apartments in July 2023 was $4,191, a 16.0% decrease from the median rent in June 2023, which was $4,990. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.