Rental market snapshot for Duncan Park, Lexington-Fayette urban county
Duncan Park rental market summary
The rental market in Duncan Park, Kentucky is showing signs of growth. In July 2023, there were 24 new listings, indicating an increase in the number of rental properties available in the area. The median rent in July 2023 was $880, a 4.9% decrease from the previous month and a 31.0% decrease from the same time last year. This suggests that the rental market in Duncan Park is becoming more affordable for tenants.
Overall, the rental market in Duncan Park is becoming more attractive for tenants. With more listings available and lower median rent prices, tenants have more options when it comes to finding a place to live. This could lead to increased competition among landlords, which could result in even lower rent prices in the future.
Median rent for all residential properties in Duncan Park
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The most expensive listings and top trending buildings in Duncan Park
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 434 N Martin Luther King Blvd | $1,500 | 2 / 2.0 |
| 426 N Broadway | $1,465 | 2 / 1.0 |
| 639 Breckenridge St | $1,250 | 2 / 1.0 |
| 555 Ohio St | $900 | 2 / 1.0 |
| 330 Newtown Pike | $883 | 1 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Martin Property Management | $950 |
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Bedroom Breakdown in Duncan Park
Duncan Park neighborhood apartments rents
The rental market for studios in Duncan Park, Kentucky appears to be relatively stable, with only three new listings in May 2023 and a median rent of $750. 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 studios in Duncan Park appears to be relatively steady.
The rental market for 1-bedroom apartments in Duncan Park, Kentucky is showing signs of growth. In June 2023, there were 3 new 1-bedroom listings, representing a 22.6% increase in rent from May 2023. The median rent for 1-bedroom apartments in June 2023 was $950, indicating that the rental market is becoming more competitive. With the influx of new listings and increasing rent prices, it is likely that the rental market for 1-bedroom apartments in Duncan Park, Kentucky will continue to grow in the coming months.
The rental market for 2-bedroom apartments in Duncan Park, Kentucky is showing a significant increase in rent from January to February 2023. With only one new 2-bedroom listing in February, the median rent for 2-bedroom apartments rose from $800 in January to $1,400 in February, a 75.0% increase. This indicates that the rental market for 2-bedroom apartments in Duncan Park is becoming increasingly competitive, with demand outstripping supply.