Rental market snapshot for Cordova-Appling, Memphis
Cordova-Appling rental market summary
The rental market in Cordova-Appling, Tennessee is showing signs of stability. In July 2023, there were 2,124 new listings, indicating a healthy supply of rental properties. The median rent in July 2023 was $1,825, a slight decrease of .3% from the previous month. This is a sign of stability in the rental market, as rents have only decreased by .8% since July 2022. This suggests that the rental market in Cordova-Appling is not experiencing any significant changes in rent prices.
Overall, the rental market in Cordova-Appling is showing signs of stability. With a healthy supply of new listings and only slight decreases in rent prices, the rental market in Cordova-Appling is a good option for those looking for a place to rent. With the market showing signs of stability, it is likely that rent prices will remain relatively consistent in the near future.
Median rent for all residential properties in Cordova-Appling
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The most expensive listings and top trending buildings in Cordova-Appling
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 805 Wood Wren Cv | $3,090 | 4 / 2.5 |
| 8431 Timber Creek Dr | $3,080 | 4 / 2.5 |
| 2662 Country Downs Ln | $3,030 | 3 / 2.0 |
| 8819 Lindstrom Cv | $2,870 | 4 / 2.5 |
| 8960 Rowley Cove | $2,750 | 5 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Morgan Properties | $1,280 |
| ORO AII MANAGEMENT LLC | $1,142 |
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Bedroom Breakdown in Cordova-Appling
Cordova-Appling neighborhood apartments rents
The rental market for studios in Cordova-Appling, Tennessee appears to be stable, with only two new listings in July 2022. The median rent for studios in July 2022 is $625, though the median rent for June 2022 is not available, so it is not possible to determine the percent change in rent from June to July. Overall, the rental market for studios in Cordova-Appling appears to be steady.
The rental market for 1-bedroom apartments in Cordova-Appling, Tennessee is showing signs of stability. In July 2023, there were 4 new 1-bedroom listings, and the median rent for 1-bedroom apartments decreased by 2.3% from June 2023 to July 2023, settling at $1,211. This suggests that the rental market is not experiencing any major fluctuations, and that renters can expect to find reasonable prices for 1-bedroom apartments in the area.
The rental market for 2-bedroom apartments in Cordova-Appling, Tennessee is showing a slight decrease in rent from June to July 2023. In July 2023, there were 4 new 2-bedroom listings, with a median rent of $1,335. This is a 1.3% decrease from the median rent of $1,352 in June 2023. This suggests that the rental market for 2-bedroom apartments in Cordova-Appling is becoming more competitive, with more options available for renters.