Rentable.co has 1 apartment available for rent in 04064.
The average rent for an apartment in 04064 is around $3,000 per month.
Welcome to the April 2024 Old Orchard Beach Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Old Orchard Beach rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Old Orchard Beach and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Old Orchard Beach average rent prices in the chart below.
Old Orchard Beach rent prices decreased over the last month. From March to April, the city experienced a -5.25% decrease for the price of a one-bedroom apartment. The rent price for a Old Orchard Beach one-bedroom apartments currently stands at $1,752.0.
When we take a look at the two-bedroom comparison from March to April, Old Orchard Beach experienced a -0.34% decrease for the price of a two-bedroom apartment. The rent price for a Old Orchard Beach two-bedroom apartments currently stands at $2,351.0.
Rent prices have decreased in Old Orchard Beach over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Old Orchard Beach suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Old Orchard Beach suburbs
Rents did not decrease in any of the Old Orchard Beach suburbs.
Rent growth in Old Orchard Beach over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Old Orchard Beach average rent prices appear to be relatively affordable for local residents.
The price for a Old Orchard Beach one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Old Orchard Beach and surrounding area rent prices, take a look at the complete data set below.
| 1 BR April | 1 BR M/M % Change | 2 BR April | 2 BR M/M % Change |
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Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.