Rental market snapshot for Drake, Des Moines
Drake rental market summary
The rental market in Drake, Iowa is showing signs of growth. In July of 2023, there were 61 new listings, a 15.9% increase from the previous month. This is the same rate of growth seen from July of 2022 to July of 2023. The median rent in July of 2023 was $925, a 15.9% decrease from the previous month. This is the same rate of decrease seen from July of 2022 to July of 2023.
Overall, the rental market in Drake, Iowa is showing signs of growth. The number of new listings is increasing, and the median rent is decreasing. This indicates that there is an increase in demand for rental properties in the area, and that the market is becoming more competitive. This could be a great opportunity for renters looking for a new home in Drake, Iowa.
Median rent for all residential properties in Drake
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The most expensive listings and top trending buildings in Drake
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
1112 31st St | $2,000 | 4 / 2.0 |
1219 34th St | $1,800 | 3 / 2.0 |
1314 34th St | $1,700 | 4 / 2.5 |
2829 Rutland Ave | $1,700 | 4 / 2.0 |
2530 University Ave | $1,650 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Zillow | $655 |
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Bedroom Breakdown in Drake
Drake neighborhood apartments rents
The rental market for studios in Drake, Iowa is showing signs of growth. In July 2023, there were two new studio listings, indicating an increase in demand for rental units. The median rent for studios in July 2023 was $950, a 13.7% decrease from the median rent in June 2023 of $1,100. 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 Drake, Iowa is relatively stable. In May 2023, there was only one new listing, and the median rent was $655, which is a 9.7% decrease from the median rent in March 2023 of $725. This suggests that the rental market is not experiencing any significant changes in the short-term.
The rental market for 2-bedroom apartments in Drake, Iowa is showing signs of growth. In July 2023, there were 4 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 $1,575, which is a 10.2% decrease from the median rent in June 2023 of $1,754. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.