Rental market snapshot for Idle Hour, Lexington-Fayette urban county
Idle Hour rental market summary
The rental market in Idle Hour, Kentucky is showing signs of growth. In July 2023, there were 39 new listings, a 9.6% increase from the previous month. This indicates that more people are looking for rental properties in the area. Additionally, the median rent in July 2023 was $1,042, a 5.3% increase from the same time last year. This suggests that rental prices are increasing in Idle Hour, Kentucky, likely due to the increased demand for rental properties.
Overall, the rental market in Idle Hour, Kentucky is looking positive. With more listings and increasing rental prices, it appears that the rental market is growing and becoming more attractive to potential renters. This is good news for landlords and investors in the area, as they can expect to see increased demand for their rental properties.
Median rent for all residential properties in Idle Hour
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The most expensive listings and top trending buildings in Idle Hour
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 209 Old Todds Rd | $1,999 | 4 / 2.5 |
| 209 Old Todds Rd | $1,899 | 3 / 2.5 |
| 209 Old Todds Rd | $1,799 | 3 / 2.5 |
| 228 Mousas Way | $1,600 | 3 / 2.0 |
| 328 Pleasant Pointe Dr | $1,595 | 3 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Birge and Held Asset Management LLC | $1,046 |
| Harbor Group | $775 |
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Bedroom Breakdown in Idle Hour
Idle Hour neighborhood apartments rents
The rental market for studios in Idle Hour, Kentucky appears to be relatively stable, with only one new listing in July 2023. The median rent for studios in July 2023 was $675, though the median rent for May 2023 is not available, so it is not possible to determine the percent change in rent from May to July. Overall, the rental market for studios in Idle Hour appears to be relatively stable.
The rental market for 1-bedroom apartments in Idle Hour, Kentucky is showing signs of growth. In July 2023, there were 4 new 1-bedroom listings, a 37.3% increase in median rent from June 2023 to July 2023, and a median rent of $1,010. This indicates that the rental market for 1-bedroom apartments in Idle Hour is becoming increasingly competitive, with more people looking to rent and landlords raising their prices.
The rental market for 2-bedroom apartments in Idle Hour, Kentucky is showing signs of growth. In July 2023, there were 5 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 $968, a 22.7% decrease from the median rent in June 2023, which was $1,253. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.