Rental market snapshot for Milan, New Orleans
Milan rental market summary
The rental market in Milan, Louisiana is showing signs of growth. In July 2023, there were 92 new listings, a significant increase from the previous month. This indicates that more people are looking to rent in the area. The median rent in July 2023 was $1,932, a 1.8% increase from the previous month and a 1.3% increase from the same time last year. This suggests that rental prices are slowly increasing in the area, likely due to the increased demand.
Overall, the rental market in Milan, Louisiana is looking positive. With more people looking to rent in the area and rental prices slowly increasing, it is likely that the market will continue to grow in the coming months. This could be a great opportunity for potential renters looking for a new home in the area.
Median rent for all residential properties in Milan
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The most expensive listings and top trending buildings in Milan
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 2502 Peniston St | $3,200 | 4 / 3.5 |
| 4215 Dryades St | $2,900 | 4 / 2.0 |
| 3320 Clara St | $2,534 | 4 / 2.0 |
| 2627 Delachaise St | $2,500 | 3 / 2.5 |
| 3915 Saint Charles Ave | $2,300 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| McCormack Baron Management | $1,653 |
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Bedroom Breakdown in Milan
Milan neighborhood apartments rents
The rental market for studios in Milan, Louisiana appears to be relatively stable, with only one new listing in April 2023 and a median rent of $1,075. Unfortunately, no data is available for March 2023, so it is not possible to determine the percent change in rent from that month. Overall, it appears that the rental market for studios in Milan is relatively steady.
The rental market for 1-bedroom apartments in Milan, Louisiana is relatively stable. In July 2023, there was only one new listing, and the median rent increased by 2.9% from June 2023 to July 2023, from $1,606 to $1,653. This suggests that demand for 1-bedroom apartments in Milan is relatively steady, and that the market is not experiencing any significant changes.
The rental market for 2-bedroom apartments in Milan, Louisiana is showing signs of growth. In July 2023, there were 7 new 2-bedroom listings, representing an increase in the available rental options. The median rent for 2-bedroom apartments in July 2023 was $1,880, a 4.4% increase from the median rent in June 2023 of $1,801. This suggests that demand for 2-bedroom apartments is increasing, and that landlords are able to raise their prices accordingly.