Rental market snapshot for Murray Hill, Milwaukee
Murray Hill rental market summary
The rental market in Murray Hill, Wisconsin is showing signs of growth. In July 2023, there were 68 new listings, a significant increase from the previous month. The median rent in July 2023 was $1,495, a 3.5% increase from June 2023. This is a 24.6% increase from July 2022, indicating that the rental market in Murray Hill is on the rise.
The increasing number of new listings and rising median rent prices suggest that the rental market in Murray Hill is becoming more competitive. With more people looking for rental properties, landlords are able to increase their asking prices, resulting in higher median rent prices. This trend is likely to continue in the coming months, as more people look to take advantage of the increasing demand for rental properties in Murray Hill.
Median rent for all residential properties in Murray Hill
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The most expensive listings and top trending buildings in Murray Hill
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 2452 N Cramer St | $2,550 | 3 / 2.0 |
| 2632 N Prospect Ave | $2,500 | 3 / 1.0 |
| 2537-41 N Farwell Ave | $2,250 | 4 / 2.0 |
| 2856-58 N Maryland Ave | $2,199 | 3 / 1.0 |
| 2310 N Oakland Ave | $2,150 | 2 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Wilkins Property Management | $1,095 |
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Bedroom Breakdown in Murray Hill
Murray Hill neighborhood apartments rents
The rental market for studios in Murray Hill, Wisconsin remains relatively stable in May 2023, with four new studio listings and no change in median rent from April 2023 to May 2023. The median rent for studios in May 2023 is $889, which is the same as the median rent in April 2023. This indicates that the rental market for studios in Murray Hill is not experiencing any significant changes in terms of pricing or availability.
The rental market for 1-bedroom apartments in Murray Hill, Wisconsin is showing signs of growth. In July 2023, there was one new 1-bedroom listing, and the median rent for 1-bedroom apartments increased by 10.4% from May 2023 to July 2023, from $992 to $1,095. This suggests that the rental market in Murray Hill is becoming more competitive, and renters should expect to pay more for 1-bedroom apartments in the area.
The rental market for 2-bedroom apartments in Murray Hill, Wisconsin is relatively stable. In July 2023, there were only two new listings, indicating that the market is not experiencing a large influx of new properties. The median rent for 2-bedroom apartments in July 2023 was $1,260, which is only a 2.7% decrease from the median rent in May 2023 of $1,295. This suggests that the rental market in Murray Hill is relatively steady and that prices are not fluctuating significantly.