Rental market snapshot for Cherry Hill, Baltimore
Cherry Hill rental market summary
The rental market in Cherry Hill, Maryland is showing signs of growth. In July 2023, there were 17 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $1,099, an 8.4% increase from the previous month and a 2.7% increase from the same time last year. This indicates that the rental market in Cherry Hill is becoming increasingly competitive, with more people looking to rent in the area.
The increasing demand for rental properties in Cherry Hill is likely due to the area's attractive amenities and close proximity to major cities. With its close proximity to Baltimore, Washington D.C., and Philadelphia, Cherry Hill is an ideal location for those looking for a more suburban lifestyle while still having access to the amenities of a larger city. The increasing median rent is a sign that the rental market in Cherry Hill is becoming more competitive, and that the area is becoming increasingly desirable for renters.
Median rent for all residential properties in Cherry Hill
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The most expensive listings and top trending buildings in Cherry Hill
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
2803 Indiana St | $1,450 | 2 / 1.5 |
2125 Annapolis Rd | $1,425 | 3 / 2.0 |
2868 Potee St | $1,099 | 2 / 1.0 |
727 Seamon Ave | $1,099 | 2 / 1.0 |
2868 Potee St | $1,049 | 2 / 1.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Zillow | $701 |
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Bedroom Breakdown in Cherry Hill
Cherry Hill neighborhood apartments rents
Uh-oh! Looks like we don't have any data in Cherry Hill, Maryland, for studios.
The rental market for 1-bedroom apartments in Cherry Hill, Maryland in September 2022 is relatively stable. There are only two new listings, and the median rent remains unchanged from August 2022 at $701. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.
The rental market for 2-bedroom apartments in Cherry Hill, Maryland is showing signs of stability. In July 2023, there were 8 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 2.8% from June 2023 to July 2023, from $1,069 to $1,039. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 2-bedroom apartments are staying relatively consistent.