Rental market snapshot for Downtown, West Palm Beach
Downtown rental market summary
The rental market in Downtown, Florida is showing signs of growth. In July 2023, there were 107 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $3,300, a 1.9% increase from the previous month and a 21.3% increase from the same time last year. This indicates that the rental market in Downtown, Florida is becoming increasingly competitive, with more people looking to rent in the area.
The increasing demand for rental properties in Downtown, Florida is likely due to the area's many amenities and attractions. With its close proximity to beaches, shopping, and entertainment, Downtown, Florida is an attractive destination for renters. Additionally, the area's strong job market and growing economy are likely contributing to the increased demand for rental properties. As the rental market continues to grow, renters should expect to see more competition for available properties and higher rental 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 |
---|---|---|
701 S Olive Ave | $9,000 | 2 / 1.5 |
701 S Olive Ave | $6,200 | 2 / 2.0 |
701 S Olive Ave | $6,000 | 2 / 2.5 |
701 S Olive Ave | $5,200 | 2 / 2.0 |
333 Fern St | $5,033 | 2 / 2.0 |
Top Trending Buildings
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Bedroom Breakdown in Downtown
Downtown neighborhood apartments rents
The rental market for studios in Downtown, Florida is showing signs of improvement in July 2023. There are 3 new studio listings, and the median rent has decreased by 7.9% from June 2023 to July 2023, from $2,362 to $2,175. This indicates that the market is becoming more competitive, and renters may be able to find better deals on studios in Downtown, Florida.
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, representing an increase in the number of available units. The median rent for 1-bedroom apartments in July 2023 was $2,595, a 1.4% increase from the median rent in June 2023. This suggests that demand for 1-bedroom apartments in Downtown, Florida is increasing, and that the rental market is becoming more competitive.
The rental market for 2-bedroom apartments in Downtown, Florida is showing signs of growth. In July 2023, there were 6 new 2-bedroom listings, a 25.2% increase in median rent from June 2023 to July 2023, and a median rent of $4,310. This indicates that the rental market for 2-bedroom apartments in Downtown, Florida is becoming increasingly competitive and expensive.