Rental market snapshot for Torresdale, Philadelphia
Torresdale rental market summary
The rental market in Torresdale, Pennsylvania is showing signs of growth. In July 2023, there were 43 new listings, a significant increase from the previous month. The median rent for the same period was $1,794, a 3.0% decrease from the previous month, but a 9.6% increase from the same period in 2022. This indicates that the rental market in Torresdale is becoming more competitive, with more people looking for rental properties.
The decrease in median rent from June to July is likely due to the increased competition for rental properties, as more people are looking for rental properties in Torresdale. This is likely to continue in the coming months, as the rental market in Torresdale continues to grow. With more people looking for rental properties, landlords are likely to offer more competitive rates in order to attract tenants. This could lead to further decreases in median rent in the coming months.
Median rent for all residential properties in Torresdale
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The most expensive listings and top trending buildings in Torresdale
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 3705 Daner Ln | $2,530 | 3 / 2.5 |
| 3705 Daner Ln | $2,530 | 3 / 2.0 |
| 115 Meadow Ln | $2,300 | 3 / 1.5 |
| 3400 Red Lion Rd | $2,010 | 3 / 2.5 |
| 12056 Abby Rd | $2,000 | 2 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Premier Properties | $1,449 |
| Morgan Properties | $1,343 |
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Bedroom Breakdown in Torresdale
Torresdale neighborhood apartments rents
The rental market for studios in Torresdale, Pennsylvania appears to be stable, with only one new listing in July 2022. The median rent for studios in July 2022 is $1,225, indicating that the rental market is not experiencing any significant changes. Unfortunately, no data is available for the median rent in June 2022, so it is not possible to determine the percent change in rent from June 2022 to July 2022. Overall, the rental market for studios in Torresdale appears to be relatively stable.
The rental market for 1-bedroom apartments in Torresdale, Pennsylvania is showing signs of growth. In July 2023, there were 6 new 1-bedroom listings, representing an increase in the number of available units. The median rent for 1-bedroom apartments in July 2023 was $1,422, a 1.9% increase from the median rent in June 2023. This suggests that demand for 1-bedroom apartments is increasing, and that the rental market is becoming more competitive.
The rental market for 2-bedroom apartments in Torresdale, Pennsylvania is showing signs of growth. In July 2023, there were 6 new 2-bedroom listings, indicating an increase in demand for these types of apartments. Additionally, the median rent for 2-bedroom apartments decreased by 5.5% from June 2023 to July 2023, from $1,872 to $1,769. 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 Torresdale is looking positive.