Rental market snapshot for University South, Palo Alto

University South rental market summary

The rental market in University South, California is showing signs of growth. In July 2023, there were 42 new listings, a significant increase from the previous month. The median rent in July 2023 was $3,595, a 2.7% decrease from the previous month. However, when compared to the same period in 2022, the median rent has decreased by 27.0%, indicating that the rental market in University South is becoming more affordable.

Overall, the rental market in University South is becoming increasingly attractive for tenants. With more listings and lower prices, tenants have more options to choose from and can find a place that fits their budget. This trend is likely to continue in the future, making University South an attractive option for renters.

Median rent for all residential properties in University South

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The most expensive listings and top trending buildings in University South

Most Expensive Listings

AddressRent PriceBed / Bath
918 Cowper St$18,0005 / 3.5
325 Channing Ave$9,5003 / 2.5
627 Forest Ave$5,2952 / 1.5
834 Ramona St$5,2002 / 2.0
628 Forest Ave$4,7503 / 2.0

Top Trending Buildings

building nameavg rent price
VRENT.com$3,395

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Bedroom Breakdown in University South

Studio
$2,495
MEDIAN RENT
1 Bedroom
$3,395
MEDIAN RENT
2 Bedroom
$6,783
MEDIAN RENT

University South neighborhood apartments rents

The rental market for studios in University South, California appears to be relatively stable. In July 2023, there was only one new studio listing, indicating that the market is not experiencing a large influx of new properties. The median rent for studios in July 2023 was $2,495, though it is not known what the median rent was in June 2023, so it is not possible to determine the percent change in rent from June to July. Overall, it appears that the rental market for studios in University South is relatively stable.

The rental market for 1-bedroom apartments in University South, California is showing signs of growth. In July 2023, there were two new 1-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 1-bedroom apartments in July 2023 was $3,395, a 36.1% increase from the median rent in June 2023, which was $2,495. This suggests that the rental market for 1-bedroom apartments in University South is becoming more competitive, and renters should expect to pay more for these types of apartments in the future.

The rental market for 2-bedroom apartments in University South, California is showing signs of growth. In May 2023, there were two new 2-bedroom listings, and the median rent for 2-bedroom apartments increased by 17.4% from April 2023 to May 2023, from $5,776 to $6,783. This suggests that the rental market for 2-bedroom apartments in University South is becoming more competitive, and that renters should expect to pay more for their apartments in the near future.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in University South is $3,595.
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