Rental market snapshot for MLK 183, Austin
MLK 183 rental market summary
The rental market in MLK 183, Texas is showing signs of growth. In July 2023, there were 38 new listings, representing an increase of 6.4% from the previous month. This is a positive sign for the rental market, as it indicates that more people are looking to rent in the area. The median rent in July 2023 was $2,458, which is 17.9% lower than the median rent in July 2022. This suggests that the rental market in MLK 183 is becoming more affordable, making it an attractive option for renters.
Overall, the rental market in MLK 183 is looking positive. With more listings and lower rents, it is becoming an increasingly attractive option for renters. The lower rents are likely to attract more people to the area, which could lead to further growth in the rental market. With the right policies in place, MLK 183 could become a thriving rental market in the near future.
Median rent for all residential properties in MLK 183
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The most expensive listings and top trending buildings in MLK 183
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 5609 Tura Ln | $3,800 | 4 / 3.5 |
| 1233 Delano St | $3,400 | 3 / 2.0 |
| 5202 Woodmoor Dr | $3,400 | 4 / 2.5 |
| 5404 Ledesma Rd | $3,300 | 3 / 3.0 |
| 1126 Lott Ave | $3,000 | 3 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Greystar* | $1,602 |
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Bedroom Breakdown in MLK 183
MLK 183 neighborhood apartments rents
The rental market for studios in MLK 183, Texas appears to be relatively stable. In February 2023, there was only one new studio listing, indicating that the market is not experiencing a large influx of new properties. The median rent for studios in February 2023 was $1,795, which suggests that the rental market is not experiencing significant changes in pricing. Unfortunately, no data is available for the median rent in January 2023, so it is not possible to calculate the percent change in rent from January to February. Overall, the rental market for studios in MLK 183, Texas appears to be relatively stable.
The rental market for 1-bedroom apartments in MLK 183, Texas is showing signs of growth. In July 2023, there were two new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,602, a 13.7% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in MLK 183, Texas is looking positive.
The rental market for 2-bedroom apartments in MLK 183, Texas is showing signs of growth. In July 2023, there were 3 new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $2,458, a 2.8% increase from the median rent in June 2023. This suggests that the rental market for 2-bedroom apartments in MLK 183, Texas is becoming more competitive, and renters should expect to pay more for these types of apartments in the near future.