Rental market snapshot for West Riverside, New Orleans
West Riverside rental market summary
The rental market in West Riverside, Louisiana is showing signs of growth. In July 2023, there were 54 new listings, a 6.6% increase from the previous month. This indicates that more people are looking for rental properties in the area. The median rent in July 2023 was $1,700, a 3.0% increase from the same time last year. This suggests that rental prices are on the rise, making it more expensive for renters to find a place to live in West Riverside.
Overall, the rental market in West Riverside is becoming more competitive. With more people looking for rental properties and rising rental prices, it is becoming increasingly difficult for renters to find an affordable place to live. As the demand for rental properties continues to increase, it is likely that rental prices will continue to rise in the near future.
Median rent for all residential properties in West Riverside
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The most expensive listings and top trending buildings in West Riverside
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
529 Valence St | $7,500 | 4 / 3.5 |
4930 Magazine St | $5,750 | 3 / 2.5 |
714 Cadiz St | $3,600 | 3 / 2.0 |
5614 Annunciation St | $2,950 | 3 / 2.5 |
201 Nashville Ave | $2,475 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Zillow | $1,700 |
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Bedroom Breakdown in West Riverside
West Riverside neighborhood apartments rents
The rental market for studios in West Riverside, Louisiana is expected to experience a significant decrease in June 2022. There will only be one new studio listing available, and the median rent is projected to drop by 30.6% from $1,225 in May 2022 to $850 in June 2022. This could be a great opportunity for renters looking for a studio in the area, as they may be able to find a great deal.
The rental market for 1-bedroom apartments in West Riverside, Louisiana is showing signs of growth. In May 2023, there was one new 1-bedroom listing, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in May 2023 was $1,700, a 3.0% increase from the median rent in March 2023 of $1,650. 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 West Riverside, Louisiana, is relatively stable. In July 2023, there was only one new listing, and the median rent remained the same as it was in June 2023, at $2,475. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.