Rental market snapshot for Downtown, Fort Lauderdale
Downtown rental market summary
The rental market in Downtown, Florida is showing signs of growth. In July of 2023, there were 134 new listings, a 3.1% increase from the previous month. This suggests that the rental market is becoming more competitive, as more people are looking for housing in the area. The median rent in July 2023 was $3,139, a 4.9% increase from the same time last year. This indicates that the rental market is becoming more expensive, as demand for housing in the area is increasing.
Overall, the rental market in Downtown, Florida is showing signs of growth. With more new listings and increasing median rent prices, it is becoming more competitive for renters looking for housing in the area. As demand continues to rise, it is likely that the rental market will continue to become more expensive in the future.
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 |
---|---|---|
215 N New River Dr E | $5,680 | 2 / 2.0 |
511 SE 5th Ave | $5,500 | 3 / 2.0 |
347 N New River Dr E | $5,300 | 2 / 2.0 |
455 N New River Dr E | $4,952 | 2 / 2.0 |
4 W Las Olas Blvd | $4,841 | 3 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Greystar* | $3,016 |
Zillow Rental Network | $2,970 |
RPM Living | $2,759 |
FOL Management | $2,745 |
Camden | $2,469 |
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Bedroom Breakdown in Downtown
Downtown neighborhood apartments rents
The rental market for studios in Downtown, Florida is showing signs of stability. In July 2023, there were 13 new studio listings, with a median rent of $2,235. This is only a 1.5% decrease from the median rent in June 2023, which was $2,268. This suggests that the rental market for studios in Downtown, Florida is relatively stable, with only a slight decrease in rent from month to month.
The rental market for 1-bedroom apartments in Downtown, Florida is showing signs of growth. In July 2023, there were 21 new 1-bedroom listings, a 6.8% increase in median rent from June 2023 to July 2023, and a median rent of $2,808. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in Downtown, Florida is showing signs of growth. In July 2023, there were 17 new 2-bedroom listings, which is a 4.5% increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $3,545, which is a 4.5% decrease from the median rent in June 2023. This indicates that the rental market is becoming more competitive, with more options available for renters.