Rental market snapshot for Downtown, Riverside
Downtown rental market summary
The rental market in Downtown, California is showing signs of stability. In July 2023, there were 69 new listings, indicating that the market is still active. The median rent for the month was $2,300, which is only 4.0% lower than the median rent in June 2023 and the same as the median rent in July 2022. This suggests that the rental market in Downtown, California is not experiencing any significant changes in terms of pricing.
Overall, the rental market in Downtown, California is relatively stable. The number of new listings is steady and the median rent has remained the same for the past year. This indicates that the rental market in Downtown, California is not experiencing any major fluctuations in terms of pricing or availability.
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 |
---|---|---|
4625 La Paz Ln | $3,750 | 4 / 2.0 |
3250 Market St | $3,095 | 2 / 2.5 |
3259 Orange St | $2,895 | 3 / 2.0 |
3250 Market St | $2,795 | 2 / 2.0 |
4328 9th St | $2,700 | 3 / 1.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Cannon Management | $2,495 |
SRG Residential | $2,470 |
CC Rentals | $1,275 |
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Bedroom Breakdown in Downtown
Downtown neighborhood apartments rents
The rental market for studios in Downtown, California is showing signs of stability. In June 2023, there were two new studio listings, and the median rent for studios remained relatively unchanged from May 2023, increasing by only 1.2%. This suggests that the rental market for studios in Downtown, California is not experiencing any significant changes in terms of pricing or availability.
The rental market for 1-bedroom apartments in Downtown, California is showing signs of growth. In July 2023, there were 6 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $2,424, a 6.7% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Downtown, California is looking positive.
The rental market for 2-bedroom apartments in Downtown, California is showing signs of growth. In July 2023, there were 3 new 2-bedroom listings, which is a 17.0% increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $2,795, which is a 17.0% decrease from the median rent in June 2023. This indicates that the rental market for 2-bedroom apartments in Downtown, California is becoming more affordable and is likely to continue to grow in the coming months.