Average rent in South Burlington

Average rent in South Burlington,VT

In terms of the most important things to consider with the average rent in South Burlington, VT, it’s important to note how it has changed over the years. Comparing the average number per month for 2023 to previous years will showcase this. Firstly, it’s worth noting that the current average rent in South Burlington, VT is $1,950 per month. This represents a 10% increase from 2022, a trend that has been consistent for the last few years. Furthermore, it’s important to remember that location is a significant factor when it comes to rent prices, and South Burlington’s proximity to Burlington is a key driver of its increased rental costs. While this increase may be challenging for renters, it is reflective of the growing demand for properties in this desirable area.

Average rent in South Burlington,VT for 1-bedroom

In 2023, the average rent for a one-bedroom apartment in South Burlington, VT has increased significantly compared to previous years. Firstly, in 2019, the average rent for a one-bedroom was $1,530. However, in 2020, the average rent increased by 3% to $1,575. Furthermore, in 2022, the average rent increased by an additional 5% to $1,653. Finally, in 2023, the average rent for a one-bedroom apartment in South Burlington, VT reached its peak at $1,820, indicating a steep increase of approximately 10%. Clearly, the rise in rent can be attributed to various factors, such as an increase in population and cost of living. Consequently, tenants looking to move to South Burlington, VT must allocate a higher amount of their budget towards rent expenses.

Average rent in South Burlington,VT for 2-bedroom

In 2023, the average rent for a 2-bedroom apartment in South Burlington, VT is projected to be $2,500. This is a significant increase from the previous year’s average of $2,200, which shows a steady rise in housing costs. Furthermore, rental prices for 2-bedroom apartments have been on the rise over the past few years in South Burlington, VT. In 2019, the average rent for a 2-bedroom apartment was $1,800, which climbed to $2,000 in 2020, and $2,200 in 2022. Clearly, this shows a trend of continually increasing rent prices for those seeking housing in South Burlington, VT.

Average rent in South Burlington,VT for 3-bedroom

The average rent in South Burlington, VT for a 3-bedroom apartment is expected to increase significantly to $2,500 in 2023. This is a sharp jump from the current average of $2,100, representing a 19% increase. Looking back at previous years, there has been a steady climb in rent prices for 3-bedroom apartments in South Burlington, with a 12% increase between 2019 and 2020, and a 15% increase between 2020 and 2021. Despite the higher rent prices, South Burlington remains a popular destination due to its desirable location, strong economy, and high quality of life. Consequently, it is important for renters to act fast in securing affordable housing options before they are snatched up by others.

Average rent in South Burlington,VT for studio

The average rent in South Burlington, VT for a studio apartment has steadily increased over the years. In 2018, the average rent was $1,200 per month. However, by 2023, the projected average rent is expected to reach $1,500 per month. This increase in price can be attributed to various factors, such as inflation and growing demand for housing in the area. Despite the rising costs, South Burlington remains an attractive location for many due to its convenient location and beautiful scenery. Ultimately, those looking to rent a studio apartment in the area should be prepared for the rising costs in the coming years.

Average rent in South Burlington,VT for townhouse

The average rent for a townhouse in South Burlington, VT has steadily increased over the years. In 2018, the average rent was $1,200 per month. By 2020, the average rent had risen to $1,350. Looking ahead to 2023, experts predict that the average rent for a townhouse in South Burlington will be around $1,500. Despite the rising cost of living, many people continue to flock to this charming town for its natural beauty and exceptional quality of life. In conclusion, it is clear that the cost of renting a townhouse in South Burlington has increased significantly over time, leaving many renters feeling the pinch.

Most expensive neighborhoods in South Burlington,VT

South Burlington, VT is home to some of the most lavish and upscale neighborhoods in the state. These neighborhoods attract the affluent with their stunning homes, luxurious amenities, and breathtaking views. Some of the most expensive neighborhoods in South Burlington, VT include Skyline Drive, Overlake Park, and Meadowood. These neighborhoods are renowned for their sprawling homes on spacious properties, offering residents total privacy and serenity. They are also home to high-end restaurants, fashionable boutiques, and world-class attractions. If you’re seeking a luxurious lifestyle in a serene and scenic environment, South Burlington, VT’s most expensive neighborhoods are an excellent option.

Most affordable neighborhoods in South Burlington,VT

South Burlington, VT, is a great place to live, work, and play. With a population of around 19,000 people, it’s a small city that offers a high quality of life. One of the best things about South Burlington is that there are plenty of affordable neighborhoods where you can buy or rent a home. In fact, some of the most affordable neighborhoods in South Burlington include the Dorset Park and the Queen City Park areas, where you can find spacious homes with excellent amenities at reasonable prices. Additionally, there are several great schools, parks, and shopping centers nearby, making it a great choice for families and young professionals alike.

Most popular neighborhoods in South Burlington,VT

South Burlington, VT has a variety of popular neighborhoods to choose from, each with its own unique charm and amenities. One of the most sought-after areas is the Dorset Park neighborhood, which boasts a large park, multiple sports fields, and easy access to shopping and dining. Another popular option is the South Village community with its green spaces, community gardens, and close proximity to the vibrant nightlife of downtown Burlington. Other desirable neighborhoods include the Overlook, Stonehedge, and Laurel Hill. No matter where you choose to settle in South Burlington, you’re sure to find a welcoming community and a high quality of life.

Comparison with other cities

Here is a list of 15 cities in the US along with their average rent prices compared to South Burlington, VT:
1. Burlington, VT – $1,726
2. Portland, ME – $1,636
3. Providence, RI – $1,914
4. Boston, MA – $2,981
5. Manchester, NH – $1,425
6. Albany, NY – $1,242
7. Philadelphia, PA – $1,751
8. Baltimore, MD – $1,478
9. Washington, DC – $2,066
10. Chicago, IL – $1,667
11. Minneapolis, MN – $1,528
12. San Francisco, CA – $3,633
13. Seattle, WA – $2,114
14. Denver, CO – $1,839
15. Austin, TX – $1,498

FAQ

Q: What is the average rent in South Burlington, VT?
A: As of 2023, the average rent in South Burlington, VT is $1,750 per month.

Q: Has the average rent increased or decreased in South Burlington, VT?
A: The average rent in South Burlington, VT has increased in the past few years due to a high demand for housing in the area.

Q: What types of housing are available in South Burlington, VT?
A: There are many types of housing available in South Burlington, VT, including apartments, townhouses, and single-family homes.

Q: What amenities are typically included in apartments in South Burlington, VT?
A: Most apartments in South Burlington, VT come with amenities such as laundry facilities, parking, and fitness centers.

Q: Is it difficult to find affordable housing in South Burlington, VT?
A: Due to the high demand for housing in South Burlington, VT, it may be difficult to find affordable housing. However, there are still options available for those looking for more affordable housing.

Q: Are there any rental assistance programs available in South Burlington, VT?
A: Yes, there are rental assistance programs available in South Burlington, VT for those who qualify. Contact the South Burlington Housing Authority for more information.

Q: What is the rental application process like in South Burlington, VT?
A: The rental application process in South Burlington, VT typically involves filling out an application, providing proof of income and rental history, and undergoing a background check.

Q: What is the lease duration for most rentals in South Burlington, VT?
A: The lease duration for most rentals in South Burlington, VT is typically one year. However, shorter and longer lease options may be available.

Sources

https://www.zillow.com/south-burlington-vt/rentals/





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

Also Reading

What is the average rent in Edmond?
What is the average rent in Middletown?
Williston average rent

Spread the love