Rental market snapshot for Southwest, Reno
Southwest rental market summary
The rental market in Southwest, Nevada is showing signs of growth. In July 2023, there were 315 new listings, a 5.9% increase from the previous month. This indicates that more people are looking to rent in the area, likely due to the attractive amenities and relatively low cost of living. The median rent in July 2023 was $1,595, a 5.9% increase from the same time last year. This suggests that rental prices are slowly increasing, likely due to the increased demand for rental properties in the area.
Overall, the rental market in Southwest, Nevada is looking positive. With more people looking to rent in the area, rental prices are slowly increasing. This is great news for landlords and investors, as it indicates that the rental market in Southwest, Nevada is growing and becoming more attractive to potential renters.
Median rent for all residential properties in Southwest
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The most expensive listings and top trending buildings in Southwest
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
3400 Southampton Dr | $7,500 | 6 / 3.5 |
4731 Ellicott Way | $6,000 | 4 / 3.0 |
4863 Elkcreek Trl | $4,700 | 4 / 2.5 |
1921 Quail Creek Ct | $4,050 | 4 / 3.5 |
1493 Foster Dr | $3,995 | 3 / 2.5 |
Top Trending Buildings
building name | avg rent price |
---|---|
Avenue5 Residential | $1,906 |
FPI Management Inc.* | $1,588 |
TruAmerica Multifamily LLC | $1,517 |
FPI Management | $1,470 |
Zillow Rental Network | $1,465 |
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Bedroom Breakdown in Southwest
Southwest neighborhood apartments rents
The rental market for studios in Southwest, Nevada is showing signs of stability. In July 2023, there were 5 new studio listings, and the median rent for studios remained relatively unchanged from June 2023, decreasing by only 3.1%. This suggests that the rental market for studios in Southwest, Nevada is not experiencing any drastic changes in pricing or availability.
The rental market for 1-bedroom apartments in Southwest, Nevada is showing signs of growth. In July 2023, there were 18 new 1-bedroom listings, a 2.3% increase in median rent from June 2023 to July 2023, and a median rent of $1,468. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in Southwest, Nevada is showing signs of growth. In July 2023, there were 16 new 2-bedroom listings, which is a significant increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $1,712, which is 8.4% lower than 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 2-bedroom apartments in Southwest, Nevada is looking positive.