Rental market snapshot for Old Fourth Ward, Atlanta
Old Fourth Ward rental market summary
The rental market in Old Fourth Ward, Georgia is showing signs of growth. In July of 2023, there were 650 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $2,560, an 8.7% increase from the previous month and a 16.4% increase from the same month the previous year. This indicates that the rental market in Old Fourth Ward is becoming increasingly competitive, with more people looking to rent in the area.
The increasing demand for rental properties in Old Fourth Ward is likely due to the area's proximity to downtown Atlanta and its many amenities. The area is home to a variety of restaurants, shops, and entertainment venues, making it an attractive option for those looking for a place to live. With the increasing demand for rental properties, landlords are likely to raise their prices in order to capitalize on the increased demand. This could lead to further increases in the median rent in the future.
Median rent for all residential properties in Old Fourth Ward
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The most expensive listings and top trending buildings in Old Fourth Ward
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 628 Edgewood Ave NE | $15,645 | 3 / 3.5 |
| 628 Edgewood Ave NE | $10,473 | 3 / 3.0 |
| 700 Rankin St NE | $8,606 | 3 / 3.0 |
| 700 Rankin St NE | $7,677 | 2 / 2.0 |
| 700 Rankin St NE | $7,641 | 3 / 3.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| West Home | $4,000 |
| RangeWater Residential (fka Matrix Residential) | $2,826 |
| Zillow Rental Network | $2,689 |
| RangeWater Real Estate | $2,564 |
| RAM Partners LLC | $2,550 |
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Bedroom Breakdown in Old Fourth Ward
Old Fourth Ward neighborhood apartments rents
The rental market for studios in Old Fourth Ward, Georgia is showing signs of growth. In July 2023, there were 29 new studio listings, a 5.9% increase from the median rent in June 2023. The median rent for studios in July 2023 was $1,906, which is a significant increase from the median rent of $1,800 in June 2023. This indicates that the rental market for studios in Old Fourth Ward is becoming increasingly competitive, and renters should expect to pay more for their desired studio space.
The rental market for 1-bedroom apartments in Old Fourth Ward, Georgia is showing signs of stability. In July 2023, 123 new 1-bedroom listings were added to the market, while the median rent for 1-bedroom apartments only increased by .5% from June 2023 to July 2023, from $2,218 to $2,228. This indicates that the rental market is not experiencing any significant changes in pricing, and is likely to remain stable in the near future.
The rental market for 2-bedroom apartments in Old Fourth Ward, Georgia is showing signs of growth. In July 2023, there were 135 new 2-bedroom listings, a significant increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $3,329, a 1.4% increase from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with more people looking for 2-bedroom apartments and landlords increasing their prices.