Rental market snapshot for Rancho Charleston, Las Vegas
Rancho Charleston rental market summary
The rental market in Rancho Charleston, Nevada is showing signs of growth. In July 2023, there were 647 new listings, which is a significant increase from the previous month. The median rent in July 2023 was $2,500, a 25.9% increase from June 2023 and an 11.1% increase from July 2022. This indicates that the rental market in Rancho Charleston is becoming increasingly competitive, with more people looking to rent in the area.
The increasing demand for rental properties in Rancho Charleston is likely due to the area's attractive amenities and close proximity to Las Vegas. With more people looking to rent in the area, landlords can expect to see higher rents and increased competition for tenants. This is great news for landlords, as they can expect to see higher returns on their investments. For renters, however, this could mean higher rents and increased competition for rental properties.
Median rent for all residential properties in Rancho Charleston
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The most expensive listings and top trending buildings in Rancho Charleston
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1720 Silver Ave | $14,000 | 4 / 7.0 |
| 1720 Silver Avenue | $12,000 | 4 / 5.5 |
| 1801 Waldman Avenue | $10,300 | 4 / 4.0 |
| 835 Shetland Road | $5,900 | 3 / 3.5 |
| 2513 Wimbledon Drive | $5,500 | 4 / 3.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Greystar Real Estate Partners LLC | $1,706 |
| Priderock Capital Management LLC | $1,310 |
| Olen Properties Corp | $1,265 |
| Realty Services Corp. | $1,215 |
| Sandpiper Apartments | $1,213 |
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Bedroom Breakdown in Rancho Charleston
Rancho Charleston neighborhood apartments rents
The rental market for studios in Rancho Charleston, Nevada, is relatively stable. In May 2023, there was only one new studio listing, and the median rent remained the same as it was in April 2023 at $1,650. This indicates that the rental market for studios in Rancho Charleston is not experiencing any significant changes in terms of rent prices.
The rental market for 1-bedroom apartments in Rancho Charleston, Nevada, is showing a slight increase in July 2023. There were 13 new 1-bedroom listings in July, and the median rent for 1-bedroom apartments increased by .6% from June to July, from $1,208 to $1,215. This indicates that the rental market is slowly improving, and that renters may be able to find more affordable options in the near future.
The rental market for 2-bedroom apartments in Rancho Charleston, Nevada, is showing signs of improvement. In July 2023, there were 13 new 2-bedroom listings, which is a positive sign for the market. The median rent for 2-bedroom apartments in July 2023 was $1,335, which is a 9.3% decrease from the median rent in June 2023 of $1,472. This indicates that the rental market is becoming more affordable for renters.