How many apartments are available in Florence, AZ on Rentable.co?
Rentable.co has over 281 apartments available in Florence.
Can I afford an apartment for rent in Florence, AZ?
Based on average rent prices in Florence, to afford a three-bedroom apartment you would need an annual household income of $73,000 to live comfortably.
Welcome to the April 2024 Florence 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 Florence rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Florence 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
Florence average rent prices in the chart below.
Monthly Rent Report
$1,750
$1,310
$880
$440
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR2 BR
Florence Rent Prices Decrease From March to April
Florence rent prices decreased over the last month. From March to April, the city experienced a -1.87% decrease for the price of a one-bedroom apartment. The rent price for a Florence one-bedroom apartments currently stands at $946.0.
When we take a look at the two-bedroom comparison from March to April, Florence experienced a 10.28% increase for the price of a two-bedroom apartment. The rent price for a Florence two-bedroom apartments currently stands at $1,298.0.
April Prices: Florence vs. Surrounding Areas
Rent Prices in Florence and Surrounding Areas
Rent prices have decreased in Florence 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 Florence 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 Florence suburbs
Rents did not decrease in any of the Florence suburbs.
April 2024 Pricing Trends: Florence vs. National Comparisons
New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
Median Rent
Florence Rent Prices More Affordable Than Major Cities
Rent growth in Florence over the past year has been
declining. When compared to major cities nearby, along
with some of the most expensive cities in the country, Florence average rent prices appear to be
relatively affordable for local residents.
The price for a Florence 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 Florence and surrounding area rent prices, take a look at the complete data set below.
Data set for Florence and suburbs
1 BR April
1 BR M/M % Change
2 BR April
2 BR M/M % Change
Methodology
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.