Rental market snapshot for Mount Hope, Providence
Mount Hope rental market summary
The rental market in Mount Hope, Rhode Island is currently experiencing a healthy growth. In July 2023, there were 26 new listings, a significant increase from the previous month. The median rent in July 2023 was $2,400, a 14.3% increase from the previous month and a 9.1% increase from the same time last year. This indicates that the rental market in Mount Hope is steadily increasing in value, with more people looking to rent in the area.
The increase in rental prices is likely due to the growing demand for rental properties in Mount Hope. With more people looking to rent in the area, the median rent is increasing as landlords are able to charge more for their properties. This is a positive sign for the rental market in Mount Hope, as it indicates that the area is becoming increasingly desirable for renters.
Median rent for all residential properties in Mount Hope
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The most expensive listings and top trending buildings in Mount Hope
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 138 Lancaster St | $3,000 | 2 / 1.0 |
| 45 Firglade Ave | $2,800 | 3 / 2.0 |
| 131 Doyle Ave | $2,650 | 5 / 2.0 |
| 129 Lancaster St | $2,450 | 4 / 1.5 |
| 109 Pleasant St | $2,200 | 2 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Zillow | $1,200 |
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Bedroom Breakdown in Mount Hope
Mount Hope neighborhood apartments rents
The rental market for studios in Mount Hope, Rhode Island appears to be relatively stable, with only one new studio listing in January 2023. The median rent for studios in January 2023 was $1,800, indicating that the rental market is not experiencing any significant changes. However, without data on the median rent in December 2022, it is impossible to determine the exact percent change in rent from December 2022 to January 2023.
The rental market for 1-bedroom apartments in Mount Hope, Rhode Island appears to be stable, with only one new listing in April 2023 and a median rent of $1,200. Unfortunately, no data is available for the median rent in March 2023, so it is not possible to determine the percent change in rent from March to April. Overall, the rental market for 1-bedroom apartments in Mount Hope appears to be steady.
The rental market for 2-bedroom apartments in Mount Hope, Rhode Island appears to be stable, with only one new listing in April 2023. The median rent for 2-bedroom apartments in April 2023 was $2,100, indicating that the rental market is not experiencing any significant changes in pricing. Unfortunately, no data is available for the median rent in March 2023, so it is not possible to determine the percent change in rent from March to April. Overall, the rental market for 2-bedroom apartments in Mount Hope appears to be stable.