Rental market snapshot for Central Business District, Pittsburgh

Central Business District rental market summary

The rental market in Central Business District, Pennsylvania is showing signs of growth. In July 2023, there were 227 new listings, a significant increase from the previous month. The median rent for the area also increased from $1,800 in June 2023 to $1,750 in July 2023, a 2.8% increase. This is a 3.9% increase from the median rent in July 2022, indicating that the rental market is continuing to grow.

Overall, the rental market in Central Business District, Pennsylvania is showing positive signs of growth. With an increasing number of new listings and a steady increase in median rent, the area is becoming an attractive option for renters. With the continued growth of the rental market, it is likely that Central Business District will remain a desirable place to live.

Median rent for all residential properties in Central Business District

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The most expensive listings and top trending buildings in Central Business District

Most Expensive Listings

AddressRent PriceBed / Bath
301 5th Ave$3,6001 / 2.0
434 5th Ave$3,1352 / 2.0
434 5th Ave$3,1002 / 2.0
434 5th Ave$3,0102 / 2.0
951 Liberty Ave #1A$3,0000 / 1.0

Top Trending Buildings

building nameavg rent price
McCaffery Interests$2,394
Sentral$1,850
Berger Rental Communities$1,809
Millcraft Investments Inc.$1,744
Greystar*$1,713

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Bedroom Breakdown in Central Business District

Studio
$1,438
MEDIAN RENT
1 Bedroom
$1,722
MEDIAN RENT
2 Bedroom
$2,572
MEDIAN RENT

Central Business District neighborhood apartments rents

The rental market for studios in Central Business District, Pennsylvania is showing signs of growth. In July 2023, there were 27 new studio listings, representing a 2.2% decrease in median rent from June 2023. The median rent for studios in July 2023 was $1,438, which is still lower than the median rent in June 2023. This suggests that the rental market for studios in Central Business District is becoming more competitive, with more options available for renters.

The rental market for 1-bedroom apartments in Central Business District, Pennsylvania is showing signs of growth. In July 2023, there were 59 new 1-bedroom listings, a 4.8% increase from the median rent in June 2023. The median rent for 1-bedroom apartments in July 2023 was $1,722, indicating that the rental market is becoming more competitive. With more listings and increasing rents, it is likely that the rental market for 1-bedroom apartments in Central Business District, Pennsylvania will continue to grow in the coming months.

The rental market for 2-bedroom apartments in Central Business District, Pennsylvania is showing signs of stability. In July 2023, there were 26 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 3.7% from June 2023 to July 2023, settling at $2,572. This suggests that the rental market is not experiencing any drastic changes, and that the prices of 2-bedroom apartments are staying relatively consistent.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Central Business District is $1,750.
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