Rental market snapshot for Reservorir, Lexington-Fayette urban county
Reservorir rental market summary
The rental market in Reservorir, Kentucky is showing signs of growth. In July 2023, there were 37 new listings, a 5.0% increase from the previous month. This indicates that more people are looking to rent in the area. The median rent in July 2023 was $1,444, a 3.7% increase from the same time last year. This suggests that rental prices are increasing, likely due to increased demand.
Overall, the rental market in Reservorir, Kentucky is looking positive. With more listings and increasing prices, it is a great time to rent in the area. With the right research and preparation, renters can find a great deal and enjoy the many benefits of living in Reservorir.
Median rent for all residential properties in Reservorir
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The most expensive listings and top trending buildings in Reservorir
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 2024 Lakeside Dr | $3,500 | 5 / 3.5 |
| 3260 Commodore Dr | $2,440 | 3 / 2.5 |
| 3373 Moundview Ct | $1,900 | 3 / 2.0 |
| 2973 Candlelight Way | $1,750 | 3 / 3.0 |
| 3260 Commodore Dr | $1,724 | 3 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| PRG Real Estate Management Inc. | $1,313 |
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Bedroom Breakdown in Reservorir
Reservorir neighborhood apartments rents
The rental market for studios in Reservorir, Kentucky remained relatively stable in November 2020, with only two new listings added to the market. The median rent for studios in November 2020 was $625, the same as the median rent in October 2020. This indicates that there was no significant change in rent from October to November, with the percent change in rent for studios being 0%. Overall, the rental market for studios in Reservorir, Kentucky appears to be relatively stable.
The rental market for 1-bedroom apartments in Reservorir, Kentucky is showing signs of growth. In July 2023, there were 3 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,217, a 6.8% increase from the median rent in June 2023 of $1,140. This suggests that the rental market is becoming more competitive, with landlords able to increase their prices due to the increased demand.
The rental market for 2-bedroom apartments in Reservorir, Kentucky is relatively stable. In July 2023, there was only one new listing, and the median rent was $1,200, which is a 10.7% decrease from the median rent in May 2023. This suggests that the rental market is not experiencing any significant changes in the short-term.