Rental market snapshot for Allapattah, Miami
Allapattah rental market summary
The rental market in Allapattah, Florida is showing signs of growth. On July 31st, 2023, there were 104 new listings, which is a significant increase from the previous month. The median rent for the same period was $2,500, which is 2.0% higher than the median rent in June of the same year. This shows that the rental market is becoming increasingly competitive.
The rental market in Allapattah, Florida has seen a significant increase in rent over the past year. The median rent in July of 2023 was $2,500, which is 12.0% higher than the median rent in July of 2022. This indicates that the rental market in Allapattah is becoming more expensive, and that renters should be prepared to pay more for their rental units.
Median rent for all residential properties in Allapattah
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The most expensive listings and top trending buildings in Allapattah
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 3351 NW 27th Ave | $3,500 | 2 / 2.0 |
| 1444 NW 14th Ave | $3,499 | 3 / 2.0 |
| 1043 NW 29th St | $3,200 | 3 / 2.0 |
| 2025 NW 18th St | $3,200 | 3 / 1.0 |
| 1444 NW 14th Ave | $3,167 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Mill Creek Residential Trust (new) | $2,629 |
| Neology Development Group LLC | $2,344 |
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Bedroom Breakdown in Allapattah
Allapattah neighborhood apartments rents
The rental market for studios in Allapattah, Florida is showing signs of growth. In May 2023, there were two new studio listings, indicating an increase in demand for rental units. The median rent for studios in May 2023 was $1,475, a 30.6% decrease from the median rent in April 2023 of $2,125. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.
The rental market for 1-bedroom apartments in Allapattah, Florida in July 2023 is showing a slight decrease in median rent from the previous month. There were 11 new 1-bedroom listings in July 2023, with the median rent for 1-bedroom apartments being $2,399. This is a decrease of .5% from the median rent of $2,410 in June 2023. This slight decrease in rent could be an indication of a softening rental market in Allapattah, Florida.
The rental market for 2-bedroom apartments in Allapattah, Florida is showing signs of growth. In July 2023, there were 7 new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $2,977, which is a 5.6% increase from the median rent in June 2023. This suggests that the rental market for 2-bedroom apartments in Allapattah is becoming more competitive, and renters should expect to pay more for these types of apartments in the near future.