Rental market snapshot for La Sierra South, Riverside
La Sierra South rental market summary
The rental market in La Sierra South, California is showing signs of growth. In July 2023, there were 60 new listings, a 5% increase from the previous month. This is a 10.5% increase from the same time last year. The median rent for July 2023 was $2,934, a 5% increase from the previous month and a 10.5% increase from July 2022. This indicates that the rental market in La Sierra South is becoming increasingly competitive and that rents are rising.
The increasing demand for rental properties in La Sierra South is likely due to the area's growing population and job opportunities. With more people looking for housing, the rental market is becoming increasingly competitive. As a result, rents are rising and landlords are able to charge more for their properties. This is a positive sign for the local economy, as it indicates that the area is becoming more attractive to potential renters.
Median rent for all residential properties in La Sierra South
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The most expensive listings and top trending buildings in La Sierra South
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 11654 Inwood Dr | $3,345 | 3 / 3.0 |
| 11654 Inwood Dr | $3,295 | 3 / 3.0 |
| 3231 Wallingham Dr | $2,965 | 4 / 2.0 |
| 3272 Algonquin Ln | $2,950 | 3 / 2.0 |
| 3077 Edwards Pl | $2,934 | 4 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Davlyn Investments Property Management | $2,083 |
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Bedroom Breakdown in La Sierra South
La Sierra South neighborhood apartments rents
The rental market for studios in La Sierra South, California is showing a slight decrease in rent from June to July 2023. There was only one new studio listing in July 2023, and the median rent for studios decreased by 3.2% from $2,155 in June to $2,085 in July. This indicates that the rental market for studios in La Sierra South is relatively stable, with only a small decrease in rent from month to month.
The rental market for 1-bedroom apartments in La Sierra South, California is showing signs of growth. In July 2023, there were two new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $2,082, a 10.2% 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 La Sierra South, California is looking positive.
The rental market for 2-bedroom apartments in La Sierra South, California is showing signs of stability. In July 2023, there were 3 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 5.4% from June 2023 to July 2023, settling at $2,500. This suggests that the rental market is not experiencing any major fluctuations, and that the prices of 2-bedroom apartments are staying relatively consistent.