Rental market snapshot for River Oaks-Kirby-Balmoral, Memphis
River Oaks-Kirby-Balmoral rental market summary
The rental market in River Oaks-Kirby-Balmoral, Tennessee is showing signs of growth. In July 2023, there were 434 new listings, indicating an increase in rental options for potential tenants. The median rent in July 2023 was $1,625, a decrease of 2.4% from the previous month and a 7.7% decrease from the same time last year. This suggests that the rental market in River Oaks-Kirby-Balmoral is becoming more affordable for tenants.
Overall, the rental market in River Oaks-Kirby-Balmoral is showing signs of growth and becoming more affordable. With an increase in new listings and a decrease in median rent, tenants have more options and can find more affordable housing. This is good news for potential tenants looking to rent in the area.
Median rent for all residential properties in River Oaks-Kirby-Balmoral
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The most expensive listings and top trending buildings in River Oaks-Kirby-Balmoral
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 2413 Ridgeway Rd | $2,850 | 4 / 3.0 |
| 2861 McVay Trail Dr | $2,480 | 3 / 2.0 |
| 6645 Kirby Trace Cv | $2,370 | 4 / 2.5 |
| 6319 Solway Dr | $2,325 | 4 / 2.5 |
| 6319 SOLWAY DRIVE | $2,325 | 4 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Independence Realty Trust (IRT) | $1,387 |
| Valiant Residential | $1,163 |
| CLK Multifamily Management LLC | $984 |
| Blue Magma Residential LLC | $950 |
| RPM Living | $928 |
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Bedroom Breakdown in River Oaks-Kirby-Balmoral
River Oaks-Kirby-Balmoral neighborhood apartments rents
Uh-oh! Looks like we don't have any data in River Oaks-Kirby-Balmoral, Tennessee, for studios.
The rental market for 1-bedroom apartments in River Oaks-Kirby-Balmoral, Tennessee is showing signs of stability. In July 2023, there were 15 new 1-bedroom listings, and the median rent for 1-bedroom apartments decreased by 5.8% from June 2023 to July 2023, settling at $984. This suggests that the rental market is not experiencing any major fluctuations, and that renters can expect to find a good selection of 1-bedroom apartments at a reasonable price.
The rental market for 2-bedroom apartments in River Oaks-Kirby-Balmoral, Tennessee is showing signs of improvement. In July 2023, there were 29 new 2-bedroom listings, which is a significant increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $1,150, which is a 20.1% decrease from the median rent in June 2023. This suggests that the rental market is becoming more affordable for tenants, and that there is an increasing number of options available.