Rental market snapshot for Downtown, Santa Barbara

Downtown rental market summary

The rental market in Downtown, California is showing signs of growth. In July 2023, there were 65 new listings, a 7.6% increase from the previous month. This is a 14.4% increase from the same time last year. The median rent for July 2023 was $4,495, a decrease of 7.6% from the previous month and a decrease of 14.4% from the same time last year.

Overall, the rental market in Downtown, California is showing signs of improvement. The number of new listings is increasing and the median rent is decreasing, indicating that the market is becoming more affordable. This is good news for renters looking for a place to live in Downtown, California.

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

AddressRent PriceBed / Bath
1216 State St$15,0003 / 2.5
232 Constance Ln$9,0004 / 2.0
1734 Bath St$7,5103 / 3.0
1702 Olive St$7,2003 / 2.0
1123 Curley Ave$6,9802 / 2.0

Top Trending Buildings

building nameavg rent price
Zillow$3,200

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Bedroom Breakdown in Downtown

Studio
$3,088
MEDIAN RENT
1 Bedroom
$3,200
MEDIAN RENT
2 Bedroom
$4,002
MEDIAN RENT

Downtown neighborhood apartments rents

The rental market for studios in Downtown, California appears to be stable, with only two new listings in July 2023 and a median rent of $3,088. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from June to July. Overall, the rental market for studios in Downtown, California appears to be relatively stable.

The rental market for 1-bedroom apartments in Downtown, California is showing signs of growth. In May 2023, there were two new 1-bedroom listings, and the median rent for 1-bedroom apartments increased by 10.5% from April 2023 to May 2023, from $2,895 to $3,200. This suggests that the rental market for 1-bedroom apartments in Downtown, California is becoming more competitive and that rents are increasing.

The rental market for 2-bedroom apartments in Downtown, California is showing signs of improvement. In July 2023, there were two new listings, and the median rent decreased by 17.7% from June 2023 to July 2023, from $4,863 to $4,002. This indicates that the rental market is becoming more affordable for those looking for a 2-bedroom apartment in Downtown, California.

Explore other Santa Barbara Neighborhoods

We currently do not have this data but we are working to add this soon.

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 Downtown is $4,495.
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