Rental market snapshot for Highland, Sabin
Highland rental market summary
The rental market in Highland, Minnesota is showing signs of stability. In July 2023, there were 227 new listings, indicating a healthy supply of rental units. The median rent for the month of July 2023 was $1,675, a slight increase of 1.2% from the previous month. This suggests that rental prices are slowly increasing, but not at an alarming rate. Furthermore, the median rent in July 2023 was only 1.2% higher than it was in July 2022, indicating that rental prices have been relatively stable over the past year.
Overall, the rental market in Highland, Minnesota appears to be healthy and stable. The number of new listings is high, and rental prices are increasing at a slow and steady rate. This is good news for both renters and landlords, as it indicates that the rental market is likely to remain stable in the near future.
Median rent for all residential properties in Highland
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The most expensive listings and top trending buildings in Highland
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 800 Cretin Ave S | $4,220 | 2 / 2.0 |
| 800 Cretin Ave S | $3,215 | 2 / 2.0 |
| 740 Mississippi River Blvd S | $3,127 | 3 / 2.0 |
| 533 Snelling Ave S | $2,900 | 2 / 2.5 |
| 725 Cleveland Ave S | $2,895 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Weidner Apartment Homes | $1,907 |
| Steven Scott Management Inc. | $1,118 |
| Halverson and Blaiser Group LTD | $1,022 |
| Arcadia Management LLC | $963 |
| KRC Apartments | $950 |
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Bedroom Breakdown in Highland
Highland neighborhood apartments rents
The rental market for studios in Highland, Minnesota is showing signs of growth in July 2023. There are four new studio listings, and the median rent has decreased by 31.6% from June 2023 to July 2023, from $1,316 to $900. This suggests that the rental market is becoming more competitive, with more options available for renters.
The rental market for 1-bedroom apartments in Highland, Minnesota is showing signs of growth. In July 2023, there were 18 new 1-bedroom listings, which is a positive sign for the market. The median rent for 1-bedroom apartments in July 2023 was $1,172, which is a 1.9% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Highland, Minnesota is looking positive.
The rental market for 2-bedroom apartments in Highland, Minnesota is showing signs of growth. In July 2023, there were 10 new 2-bedroom listings, which is a significant increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $1,638, which is 18.6% lower than the median rent in June 2023. This suggests that the rental market is becoming more affordable for tenants, and that there is an increasing demand for 2-bedroom apartments in the area.