Rental market snapshot for South End, Tacoma
South End rental market summary
The rental market in South End, Washington is showing signs of growth. In July 2023, there were 188 new listings, a 9.0% increase from the previous month. This is a positive sign for the rental market in South End, as it indicates that more people are looking to rent in the area. Additionally, the median rent in South End has decreased by 24.8% since July 2022, from $2,295 to $1,725. This decrease in rent is likely due to the increased competition in the market, as more people are looking to rent in the area.
Overall, the rental market in South End, Washington is looking positive. With more people looking to rent in the area and a decrease in median rent, it is a great time to be a renter in South End. The increased competition in the market is likely to drive prices down even further, making it an even more attractive option for renters.
Median rent for all residential properties in South End
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The most expensive listings and top trending buildings in South End
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 6410 S Park Ave | $3,695 | 4 / 2.5 |
| 4340 Yakima Ave | $3,250 | 5 / 3.0 |
| 5915 Alaska Ct | $3,145 | 4 / 2.5 |
| 401 S 35th St | $2,800 | 3 / 2.0 |
| 1701 S 87th St | $2,595 | 3 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Cushman & Wakefield | $1,670 |
| GRE Management LLC | $1,631 |
| FPI Management | $1,501 |
| Greystar* | $1,084 |
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Bedroom Breakdown in South End
South End neighborhood apartments rents
The rental market for studios in South End, Washington is relatively stable. In July 2023, there was only one new studio listing, and the median rent for studios decreased by 3.0% from June 2023 to July 2023, from $1,315 to $1,275. This suggests that the rental market for studios in South End is not experiencing significant fluctuations in prices or availability.
The rental market for 1-bedroom apartments in South End, Washington is showing signs of growth. In July 2023, there were 8 new 1-bedroom listings, a 12.3% increase in median rent from June 2023 to July 2023, and a median rent of $1,572. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in South End, Washington is showing signs of growth. In July 2023, there were 13 new 2-bedroom listings, a 4.5% increase in median rent from June 2023 to July 2023, and a median rent of $1,675. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.