Rental market snapshot for Penrose, Arlington
Penrose rental market summary
The rental market in Penrose, Virginia is showing signs of stability. In July 2023, there were 80 new listings, indicating that the market is still active. The median rent in July 2023 was $2,035, only a slight decrease from the median rent in June 2023 of $2,087. This suggests that the rental market is not experiencing any major fluctuations in prices. Furthermore, the median rent in July 2023 is the same as the median rent in July 2022, indicating that the rental market has remained steady over the past year.
Overall, the rental market in Penrose, Virginia appears to be stable and consistent. The number of new listings is still high, and the median rent has remained the same over the past year. This suggests that the rental market is not experiencing any major changes in prices or activity.
Median rent for all residential properties in Penrose
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The most expensive listings and top trending buildings in Penrose
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
302 S Courthouse Rd | $3,650 | 3 / 2.0 |
2501 9th Rd S | $3,578 | 3 / 2.5 |
2501 9th Rd S | $3,062 | 2 / 2.5 |
2501 9th Rd S | $2,944 | 2 / 2.0 |
2501 9th Rd S | $2,835 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Gates Hudson | $2,133 |
BM Smith & Associates | $2,048 |
ScottManagement | $1,578 |
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Bedroom Breakdown in Penrose
Penrose neighborhood apartments rents
The rental market for studios in Penrose, Virginia is relatively stable. In May 2023, there were 3 new studio listings, but the median rent stayed the same at $1,410. This indicates that the rental market is not experiencing any significant changes in terms of pricing. This is good news for renters looking for a studio in Penrose, as they can expect to find a good selection of properties at a consistent price.
The rental market for 1-bedroom apartments in Penrose, Virginia is showing signs of stability. In July 2023, there were 20 new 1-bedroom listings, and the median rent for 1-bedroom apartments was $2,000, a 3.5% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing any significant changes in pricing, and that the market is likely to remain stable in the near future.
The rental market for 2-bedroom apartments in Penrose, Virginia is showing signs of growth. In July 2023, there were 15 new 2-bedroom listings, a 10.8% increase in median rent from June 2023 to July 2023, and a median rent of $2,655. This indicates that the rental market for 2-bedroom apartments in Penrose is becoming more competitive and that renters should expect to pay more for their apartments in the coming months.