Rental market snapshot for Southwest, West Palm Beach

Southwest rental market summary

The rental market in Southwest Florida is showing signs of growth. In July 2023, there were 34 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $2,999, a 3.2% increase from the previous month and a 26.3% increase from the same time last year. This indicates that the rental market is becoming more competitive and that prices are on the rise.

The increasing demand for rental properties in Southwest Florida is likely due to the area's attractive climate and amenities. With its beautiful beaches, vibrant culture, and abundance of outdoor activities, Southwest Florida is an ideal place to live. As more people move to the area, the demand for rental properties is likely to continue to increase, pushing up prices and creating a competitive market for renters.

Median rent for all residential properties in Southwest

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The most expensive listings and top trending buildings in Southwest

Most Expensive Listings

AddressRent PriceBed / Bath
944 Hansen St$4,8503 / 2.0
856 Dobbins Street$3,2204 / 3.0
840 Bradley St$2,9995 / 2.0
935 Bignonia Rd$2,8002 / 1.0
724 Bradley St$2,4502 / 1.0

Top Trending Buildings

building nameavg rent price
Zillow$1,600

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Bedroom Breakdown in Southwest

Studio
$2,800
MEDIAN RENT
1 Bedroom
$1,600
MEDIAN RENT
2 Bedroom
$1,695
MEDIAN RENT

Southwest neighborhood apartments rents

The rental market for studios in Southwest, Florida appears to be relatively stable, with only one new studio listing in March 2022. The median rent for studios in March 2022 is $2,800, which is unchanged from the previous month. This suggests that the rental market for studios in Southwest, Florida is relatively stable and that there is not a significant amount of fluctuation in rental prices.

The rental market for 1-bedroom apartments in Southwest, Florida appears to be stable, with only one new listing in May 2023 and a median rent of $1,600. Unfortunately, no data is available for April 2023, so it is not possible to determine the percent change in rent from April to May. Overall, the rental market for 1-bedroom apartments in Southwest, Florida appears to be steady.

The rental market for 2-bedroom apartments in Southwest, Florida appears to be stable, with only one new listing in September 2022. The median rent for 2-bedroom apartments in September 2022 is $1,695, indicating that the rental market is not experiencing any significant changes. Unfortunately, no data is available for August 2022, so it is not possible to determine the percent change in rent from August to September. Overall, the rental market for 2-bedroom apartments in Southwest, Florida appears to be stable.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Southwest is $2,999.
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