Rental market snapshot for Downtown, Oakland
Downtown rental market summary
The rental market in Downtown, California is showing signs of growth. In July 2023, there were 130 new listings, a 9.6% increase from the previous month. The median rent also increased by 16.1% from July 2022 to July 2023, reaching $2,916. This indicates that the rental market in Downtown, California is becoming more competitive, with more people looking to rent in the area.
The increasing demand for rental properties in Downtown, California is likely due to the area's many amenities and attractions. The area is home to a variety of restaurants, shops, and entertainment venues, making it an attractive place to live. Additionally, Downtown, California is close to major transportation hubs, making it easy to get around the city. With these factors in mind, it's no surprise that the rental market in Downtown, California is growing.
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 |
|---|---|---|
| 2016 Telegraph Ave | $5,128 | 3 / 3.0 |
| 447 17th St | $4,888 | 2 / 2.0 |
| 2016 Telegraph Ave | $4,379 | 2 / 2.0 |
| 385 14th St | $4,328 | 2 / 2.0 |
| 385 14th St | $4,264 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Greystar Real Estate Partners LLC | $3,346 |
| Holland Partner Group | $3,039 |
| Zillow Rental Network Premium | $2,644 |
| Magnolia Capital Management Company Inc. | $2,242 |
| Common Living | $1,360 |
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Bedroom Breakdown in Downtown
Downtown neighborhood apartments rents
The rental market for studios in Downtown, California is showing signs of growth in July 2023. There are 7 new studio listings, and the median rent has increased by 2.5% from June 2023 to July 2023, from $2,308 to $2,365. This indicates that the demand for studio apartments in Downtown is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in Downtown, California is showing signs of growth. In July 2023, there were 29 new 1-bedroom listings, which is a 10.4% increase from the previous month. The median rent for 1-bedroom apartments in July 2023 was $2,825, which is a 10.4% decrease from the median rent in June 2023. This indicates that the rental market for 1-bedroom apartments in Downtown, California is becoming more affordable and is likely to continue to grow in the coming months.
The rental market for 2-bedroom apartments in Downtown, California is showing signs of stability. In July 2023, there were 18 new 2-bedroom listings, and the median rent for 2-bedroom apartments was $3,881, only a 1.8% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 2-bedroom apartments are staying relatively consistent.