As the incredibly hot summer rental season starts to wind down, Trulia today announced the most popular rental neighborhoods in 15 large metropolitan areas across the country, based on search data from the previous three months.
The information, when combined with the monthly Price and Rent Monitor data that was announced on Wednesday, helps bring the overall market into better focus.
Rising rental prices have slowed somewhat with year-over-year rent increases of 4.7% nationally, but there are still many hot markets, including 8 with year-over-year rent increases of at least 8%. In this latest analysis, Trulia takes a deeper look at 15 top rental markets to provide insight on where renters want to live at the neighborhood level.
Most Popular Neighborhoods
- Austin: Hyde Park, Downtown, Allandale
- Boston: Back Bay, South End, Beacon Hill
- Brooklyn: Park Slope, Williamsburg, Brooklyn Heights
- Charlotte: Dilworth, Myers Park, Elizabeth
- Chicago: Lincoln Park, Wicker Park, Bucktown
- Dallas: M Streets, Lakewood, Oak Lawn
- Houston: Neartown/Montrose, Greater Heights, Midtown
- Las Vegas: Summerlin, Las Vegas, Summerlin South
- Los Angeles: Hollywood Hills, Silver Lake, Los Feliz
- Manhattan: West Village, Upper East Side, West Village
- Philadelphia: Rittenhouse Square, Northern Liberties/Fishtown, Center City West
- San Antonio: Monte Visa, Downtown, King William
- San Diego: Pacific Beach, North Park, Mira Mesa
- San Francisco: Soma, Pacific Heights, Nob Hill
- Washington D.C.: Dupont Circle, Georgetown, Adams Morgan
Ultimately, good tenants should be able to find the right apartment, even if they are looking in some of these competitive neighborhoods. Real estate pro, Michal Corbett, provides some advice in his post here.