Rental market snapshot for Downtown, Hartford
Downtown rental market summary
The rental market in Downtown, Connecticut is showing signs of growth. In July 2023, there were 29 new listings, a sign that the rental market is expanding. The median rent in July 2023 was $1,764, a 1.7% increase from June 2023 and a .8% increase from July 2022. This indicates that rental prices are slowly increasing, suggesting that the rental market is becoming more competitive.
Overall, the rental market in Downtown, Connecticut is showing signs of growth. With more listings and increasing rental prices, it is likely that the rental market will continue to expand in the coming months. This could be beneficial for renters looking for affordable housing in the area, as competition could lead to more competitive prices.
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 |
|---|---|---|
| 21 Temple St | $2,925 | 1 / 1.0 |
| 21 Temple St | $2,100 | 1 / 1.0 |
| 1212 Main St | $2,058 | 1 / 1.0 |
| 1212 Main St | $1,974 | 1 / 1.0 |
| 21 Temple St | $1,970 | 1 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Lexington Property Management LLC | $2,224 |
| RMS Holdings LLC | $2,002 |
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Bedroom Breakdown in Downtown
Downtown neighborhood apartments rents
The rental market for studios in Downtown, Connecticut is showing signs of growth. In July 2023, there was only one new studio listing, but the median rent for studios increased by 25.7% from June 2023 to July 2023, from $1,384 to $1,740. This suggests that demand for studio apartments in Downtown, Connecticut is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in Downtown, Connecticut is showing signs of growth. In July 2023, there were 7 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,974, a 2.6% 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, Connecticut appears to be on the rise.
The rental market for 2-bedroom apartments in Downtown, Connecticut is relatively stable. In May 2023, there was only one new listing, and the median rent remained the same as the previous month at $2,140. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.