Rental market snapshot for Forest, Buffalo
Forest rental market summary
The rental market in Forest, New York is showing signs of growth. In July 2023, there were 45 new listings, a significant increase from the previous month. The median rent also increased from $1,400 in June 2023 to $1,500 in July 2023, representing a 7.1% increase. This is even more impressive when compared to the median rent in July 2022, which was $1,350, representing an 11.1% increase in rent over the course of a year.
Overall, the rental market in Forest, New York is looking strong. With a steady increase in new listings and a significant increase in median rent, it is clear that the rental market is on the rise. This is great news for both landlords and tenants, as it means that there are more options available and that rental prices are increasing.
Median rent for all residential properties in Forest
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The most expensive listings and top trending buildings in Forest
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
1080 Elmwood Ave | $1,995 | 4 / 1.0 |
27 Manchester Pl | $1,900 | 3 / 1.0 |
1080 Elmwood Ave | $1,795 | 2 / 1.0 |
20 Ardmore Pl | $1,700 | 2 / 1.0 |
1040 Elmwood Ave | $1,600 | 3 / 1.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
United Group of Companies | $1,616 |
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Bedroom Breakdown in Forest
Forest neighborhood apartments rents
The rental market for studios in Forest, New York is expected to remain relatively stable in August 2022, with only one new studio listing. The median rent for studios in August 2022 is estimated to be $800, though no data is available for July 2022 to calculate the percent change in rent. Overall, the rental market for studios in Forest, New York is expected to remain relatively steady in the near future.
The rental market for 1-bedroom apartments in Forest, New York is showing signs of growth. In June 2023, there were 3 new 1-bedroom listings, a 27.9% increase in median rent from May 2023 to June 2023, and a median rent of $1,612. This indicates that demand for 1-bedroom apartments in Forest is increasing, and that the rental market is becoming more competitive.
The rental market for 2-bedroom apartments in Forest, New York is showing signs of growth. In June 2023, there were 4 new 2-bedroom listings, a 23.1% increase in median rent from May 2023 to June 2023, and a median rent of $1,976. This indicates that demand for 2-bedroom apartments is increasing, and that the rental market is becoming more competitive.