Florida’s Rental Position…YIkEs!

 NEWS & MEDIA

SeventyFour, iStock, Getty Images

JULY 11, 2022

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Here’s Where Florida’s Rental Markets Rank

By Dave Berman-Gainesville Sun

Miami charges the seventh-highest average rent in the nation and is No. 1 in Fla. at $2,846. Jacksonville is Fla.’s least expensive with rent averaging $1,748.

Gainesville, Fla. – These are the highest and lowest rental housing markets across the nation, based on average monthly rent, from among 107 metropolitan areas studied.

We’ve also included a list of Florida metro areas’ rankings. Data is from the Waller, Weeks and Johnson Rental Index, an ongoing project co-produced by the Florida Atlantic University Real Estate Initiative, Florida Gulf Coast University’s Lucas Institute for Real Estate Development & Finance, and the Alabama Center for Real Estate at the University of Alabama.

10 areas in the U.S. with highest rent

1. San Jose, California: $3,199

2. San Francisco: $3,157

3. Ventura, California: $3,014

4. New York: $3,004

5. San Diego: $2,946

6. Los Angeles, Long Beach, Anaheim: $2,864

7. Miami, Fort Lauderdale: $2,846

8. Boston: $2,762

9. (tie) Honolulu: $2,584

9. (tie) Riverside, California: $2,584

10 areas in the U.S. with lowest rent

1. Youngstown, Ohio: $853

2. Wichita, Kansas: $937

3. McAllen, Texas: $1,051

4. Little Rock, Arkansas: $1,059

5. Des Moines, Iowa: $1,152

6. Akron, Ohio: $1,162

7. Toledo, Ohio: $1,175

8. Omaha, Nebraska: $1,193

9. Dayton, Ohio: $1,206

10. Scranton, Pennsylvania: $1,207

U.S. ranks for 10 Florida areas

(National rank / monthly rent)

7. Miami-Fort Lauderdale-West Palm Beach: $2,846

13. North Port-Sarasota-Bradenton: $2,331

14. Port St. Lucie: $2,266

19. Fort Myers: $2,073

20. Tampa: $2,055

21. Orlando: $1,999

29. Melbourne: $1,881

35. Lakeland: $1,808

39. Daytona Beach: $1,788

44. Jacksonville: $1,748

Year-over-year rent increase for 10 Florida areas

(National rank / year-over-year change)

1. Fort Myers: +32.38%

2. Miami-Fort Lauderdale-West Palm Beach: +31.70%

3. North Port-Sarasota-Bradenton: +30.88%

5. Tampa: +26.93%

6. Port St. Lucie: +25.54%

8. Lakeland: +23.92%

9. Orlando: +23.70%

10. Melbourne: +22.46%

11. Daytona Beach: +21.88%

15. Jacksonville: +20.39%

Real Estate

Wenston DeSue is a realtor, organizational consultant, design, construct, build expert and developmental networker.  Real estate is the business of exchange and affects every person on the planet.  Real estate on all levels represents resources, access and ultimately, power.  Knowledge is power…