Rental market snapshot for English Village, Detroit
English Village rental market summary
The rental market in English Village, Michigan is showing signs of growth. In July of 2023, there were 50 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $1,306, a 3.3% increase from the previous month and a 41.2% increase from July 2022. This indicates that the rental market in English Village is becoming increasingly competitive as more people are looking to rent in the area.
The increasing demand for rental properties in English Village is likely due to the area's growing popularity. With its close proximity to major cities and its attractive amenities, English Village is becoming an increasingly desirable place to live. As more people look to rent in the area, the rental market is becoming increasingly competitive, driving up the median rent.
Median rent for all residential properties in English Village
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The most expensive listings and top trending buildings in English Village
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
8845 E Jefferson Ave | $2,350 | 2 / 1.5 |
8845 E Jefferson Ave | $1,695 | 2 / 1.5 |
8845 E Jefferson Ave | $1,660 | 2 / 1.5 |
8845 E Jefferson Ave | $1,350 | 1 / 1.5 |
8845 E Jefferson Ave | $1,350 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Zillow | $889 |
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Bedroom Breakdown in English Village
English Village neighborhood apartments rents
The rental market for studios in English Village, Michigan is showing signs of stability. In April 2023, there were two new studio listings, and the median rent for studios remained relatively unchanged from March 2023, increasing by only 1.3%. This suggests that the rental market for studios in English Village is not experiencing any significant fluctuations in rent prices, indicating a stable market.
The rental market for 1-bedroom apartments in English Village, Michigan is showing signs of stability. In April 2023, there were 3 new 1-bedroom listings, and the median rent for 1-bedroom apartments was $880, a decrease of 2.8% from the median rent in March 2023. This suggests that the rental market is not experiencing any significant changes in pricing, and that the market is likely to remain stable in the near future.
The rental market for 2-bedroom apartments in English Village, Michigan is showing signs of growth. In May 2023, there was only one new 2-bedroom listing, but the median rent for 2-bedroom apartments increased by 13.8% from April 2023 to May 2023, from $1,578 to $1,795. This suggests that demand for 2-bedroom apartments is increasing, and that the rental market is becoming more competitive.