Rental market snapshot for Downtown, Sacramento
Downtown rental market summary
The rental market in Downtown, California is showing signs of growth. In July 2023, there were 121 new listings, a 5.2% increase from June 2023. This is a positive sign for the rental market in Downtown, California, as it indicates that more people are looking to rent in the area.
The median rent in Downtown, California has also increased from $2,575 in July 2022 to $2,350 in July 2023, a 8.7% decrease. This is a positive sign for potential renters, as it indicates that rental prices are becoming more affordable in the area. This could be due to an increase in supply of rental properties, or a decrease in demand for rental properties.
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 |
---|---|---|
1430 Q St | $5,725 | 2 / 2.0 |
1421 5th St | $5,637 | 1 / 2.0 |
1430 Q St | $4,770 | 2 / 2.0 |
1430 Q St | $4,375 | 2 / 2.0 |
1430 Q St | $4,355 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
ConAm Management | $2,715 |
Greystar* | $2,603 |
The Wolff Company | $2,142 |
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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 were 4 new studio listings, representing a 6.0% increase in median rent from June 2023 to July 2023. The median rent for studios in July 2023 was $2,027, which is a significant increase from the median rent of $1,913 in June 2023. This suggests that the rental market for studios in Downtown, California is on the rise and is likely to continue to increase in the coming months.
The rental market for 1-bedroom apartments in Downtown, California is showing signs of stability. In July 2023, there were 10 new 1-bedroom listings, and the median rent for 1-bedroom apartments increased by 1.0% from June 2023 to July 2023, from $2,472 to $2,496. This suggests that the rental market is not experiencing any significant changes in the short-term, and that the market is likely to remain stable in the near future.
The rental market for 2-bedroom apartments in Downtown, California is showing signs of growth. In July 2023, there were 10 new 2-bedroom listings, representing a 5.5% increase in median rent from June 2023 to July 2023. The median rent for 2-bedroom apartments in July 2023 was $3,805, indicating that the rental market is on the rise. With more listings and higher rents, it is likely that the rental market for 2-bedroom apartments in Downtown, California will continue to grow in the coming months.