Rental market snapshot for Wayland, Providence
Wayland rental market summary
The rental market in Wayland, Rhode Island is showing signs of growth. In July of 2023, there were 24 new listings, a significant increase from the previous month. The median rent for July 2023 was $2,350, a 6.8% increase from the previous month and a 17.5% increase from the same time last year. This indicates that the rental market in Wayland is becoming increasingly competitive, with more people looking to rent in the area.
The increasing demand for rental properties in Wayland is likely due to the area's growing popularity. With its close proximity to Providence, the capital of Rhode Island, and its many attractions, Wayland is becoming an increasingly desirable place to live. As more people move to the area, the demand for rental properties is likely to continue to increase, making it a great time to invest in the rental market in Wayland.
Median rent for all residential properties in Wayland
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The most expensive listings and top trending buildings in Wayland
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
228 Medway St | $3,800 | 3 / 1.5 |
75 Orchard Ave | $3,800 | 3 / 2.5 |
177 Irving Ave | $2,500 | 2 / 1.0 |
131 Irving Ave | $2,350 | 1 / 1.0 |
186 Waterman St | $2,250 | 1 / 1.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Capstone Properties | $2,364 |
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Bedroom Breakdown in Wayland
Wayland neighborhood apartments rents
The rental market for studios in Wayland, Rhode Island is showing signs of growth. In July 2023, there was only one new studio listing, but the median rent for studios increased by 58.3% from June 2023 to July 2023, from $1,200 to $1,900. This suggests that the demand for studios in Wayland is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in Wayland, Rhode Island is showing signs of growth. In June 2023, there were 7 new 1-bedroom listings, a 24.3% increase in median rent from May 2023 to June 2023, and a median rent of $2,300. This indicates that the rental market for 1-bedroom apartments in Wayland is becoming increasingly competitive, with more people looking to rent and landlords raising their prices.
The rental market for 2-bedroom apartments in Wayland, Rhode Island is showing signs of improvement. In June 2023, there were two new 2-bedroom listings, which is a positive sign for the market. The median rent for 2-bedroom apartments in June 2023 was $2,575, which is a 9.6% decrease from the median rent in May 2023 of $2,850. This suggests that the rental market is becoming more affordable for tenants.