Rental market snapshot for Midtown Phillips, Minneapolis

Midtown Phillips rental market summary

The rental market in Midtown Phillips, Minnesota is showing signs of growth. In July 2023, there were 20 new listings, indicating an increase in rental activity. The median rent for the area in July 2023 was $1,288, a 3.7% increase from June 2023 and a 5.1% increase from July 2022. This indicates that rental prices are increasing in the area, likely due to increased demand.

Overall, the rental market in Midtown Phillips, Minnesota is on the rise. With more listings and increasing rental prices, it is a great time for potential renters to consider the area. With the current market conditions, renters should be able to find a great place to call home.

Median rent for all residential properties in Midtown Phillips

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The most expensive listings and top trending buildings in Midtown Phillips

Most Expensive Listings

AddressRent PriceBed / Bath
2929 Chicago Ave$2,2002 / 1.0
2636 14th Ave S$1,8503 / 1.0
2929 Chicago Ave$1,3882 / 1.0
2929 Chicago Ave$1,3162 / 1.0
2929 Chicago Ave$1,2722 / 1.0

Top Trending Buildings

building nameavg rent price
Sherman Associates$926

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Bedroom Breakdown in Midtown Phillips

Studio
$921
MEDIAN RENT
1 Bedroom
$926
MEDIAN RENT
2 Bedroom
$1,316
MEDIAN RENT

Midtown Phillips neighborhood apartments rents

The rental market for studios in Midtown Phillips, Minnesota, remains relatively stable in July 2023, with two new studio listings and no change in median rent from June to July. The median rent for studios in July 2023 is $921, which is the same as the median rent in June 2023. This indicates that the rental market for studios in Midtown Phillips is not experiencing any significant changes in terms of pricing or availability.

The rental market for 1-bedroom apartments in Midtown Phillips, Minnesota is relatively stable. In July 2023, there was only one new listing, and the median rent for 1-bedroom apartments decreased by 4.6% from June 2023 to July 2023, from $971 to $926. This suggests that the rental market is not experiencing any significant changes in the short-term.

The rental market for 2-bedroom apartments in Midtown Phillips, Minnesota is showing signs of improvement. In July 2023, there were 5 new 2-bedroom listings, which is a positive sign for the market. The median rent for 2-bedroom apartments in July 2023 was $1,316, which is 6.9% lower than the median rent in June 2023. This suggests that the rental market is becoming more affordable for tenants.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Midtown Phillips is $1,288.
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