Rental market snapshot for Cedarbrook, Philadelphia
Cedarbrook rental market summary
The rental market in Cedarbrook, Pennsylvania, is showing signs of stability. In July 2023, there were 33 new listings, indicating that the market is still active. The median rent for the month of July 2023 was $1,575, which is the same as the median rent for June 2023. This suggests that the rental market is not experiencing any major fluctuations in prices. When compared to the median rent from July 2022, the median rent has increased by 3.1%, indicating that the rental market is slowly increasing in value.
Overall, the rental market in Cedarbrook, Pennsylvania, is showing signs of stability. Prices are slowly increasing, and the number of new listings is still active. This suggests that the rental market is healthy and is likely to remain so in the near future.
Median rent for all residential properties in Cedarbrook
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The most expensive listings and top trending buildings in Cedarbrook
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 8415 Lynnewood Rd | $2,295 | 3 / 1.5 |
| 8553 Michener Ave | $1,900 | 3 / 2.0 |
| 1000 Ivy Hill Rd | $1,845 | 2 / 2.0 |
| 1311 Weaver St | $1,800 | 3 / 1.0 |
| 1000 Ivy Hill Rd | $1,675 | 1 / 1.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Lindy Communities | $1,197 |
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Bedroom Breakdown in Cedarbrook
Cedarbrook neighborhood apartments rents
The rental market for studios in Cedarbrook, Pennsylvania remains relatively stable in June 2023, with only one new studio listing and no change in median rent from May 2023 to June 2023. This indicates that the rental market for studios in Cedarbrook is relatively steady, with no significant changes in the number of listings or rent prices.
The rental market for 1-bedroom apartments in Cedarbrook, Pennsylvania is showing signs of growth. In July 2023, there were 3 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,675, a 44.8% increase from the median rent in June 2023, which was $1,157. This suggests that the rental market in Cedarbrook is becoming more competitive, and renters should expect to pay more for 1-bedroom apartments in the area.
The rental market for 2-bedroom apartments in Cedarbrook, Pennsylvania is showing signs of growth. In July 2023, there were two new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $1,748, a 13.8% increase from the median rent in June 2023 of $1,535. This suggests that the rental market for 2-bedroom apartments in Cedarbrook is becoming more competitive, and renters should expect to pay more for these types of apartments in the near future.