Rental market snapshot for Downtown, Sarasota
Downtown rental market summary
The rental market in Downtown, Florida is showing signs of growth. In July of 2023, there were 42 new listings, an increase from the previous month. This indicates that more people are looking to rent in the area. The median rent also increased from $3,500 in June of 2023 to $3,512 in July of 2023, a 0.3% increase. This is a sign of a healthy rental market.
When compared to the same time period in 2022, the median rent in Downtown, Florida has increased by 8.0%, from $3,252 to $3,512. This is a significant increase, and it shows that the rental market in Downtown, Florida is continuing to grow. With more people looking to rent in the area, and rents increasing, it is a great time to be a landlord in Downtown, Florida.
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 |
|---|---|---|
| 1255 N Gulfstream Ave | $10,000 | 3 / 3.0 |
| 1415 2nd St | $8,970 | 3 / 3.5 |
| 1415 2nd St | $7,545 | 3 / 3.5 |
| 1415 2nd St | $4,269 | 2 / 2.0 |
| 101 S Gulfstream Ave | $4,200 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| First Communities | $3,512 |
| Two Coast Living | $2,874 |
| Richman Property Services Inc. | $2,202 |
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Bedroom Breakdown in Downtown
Downtown neighborhood apartments rents
The rental market for studios in Downtown, Florida appears to be stable, with three new listings in May 2023 and a median rent of $2,117. This suggests that the demand for studios in the area is steady, and that the market is not experiencing any significant changes in rent prices.
The rental market for 1-bedroom apartments in Downtown, Florida is showing signs of growth. In July 2023, there were 4 new 1-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 1-bedroom apartments in July 2023 was $2,542, which is 8.8% lower than 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, Florida is looking positive.
The rental market for 2-bedroom apartments in Downtown, Florida is showing signs of stability. In July 2023, there were 7 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 2.3% from June 2023 to July 2023, from $4,012 to $3,919. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 2-bedroom apartments are staying relatively consistent.