Apartments in Fern Cliff Tampa

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34
$771
Tampa, FL
1 BR | Ask for Availability
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Live Oaks Square
29
$1,399 - 1,799
8800 Boardwalk Trail Dr Temple Terrace, FL
1 - 2 BR | Available Now
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Dog Friendly
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20
$784
Tampa, FL
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Live Oaks Square
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Tampa:
October Rent Report

Welcome to the October 2024 Tampa Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the October 2024 key findings and figures for the Tampa rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Tampa 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 Tampa average rent prices in the chart below.

Monthly Rent Report

$1,950
$1,460
$980
$490
$0
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
1 BR       2 BR

Tampa Rent Prices Increase From September to October

Tampa rent prices increased over the last month. From September to October, the city experienced a 0.77% increase for the price of a one-bedroom apartment. The rent price for a Tampa one-bedroom apartments currently stands at $1,576.0.

When we take a look at the two-bedroom comparison from September to October, Tampa experienced a -0.32% decrease for the price of a two-bedroom apartment. The rent price for a Tampa two-bedroom apartments currently stands at $1,853.0.

October Prices: Tampa vs. Surrounding Areas

Wesley Chapel, FL
St Petersburg, FL
Riverview, FL
Brandon, FL
Tampa, FL
Largo, FL
Clearwater, FL
$1,694
$1,644
$1,627
$1,580
$1,564
$1,504
$1,455
$0
$600
$1,200
$1,800
$2,400
Median 1 BR Rent

Rent Prices in Tampa and Surrounding Areas

Rent prices have increased in Tampa over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Tampa suburb increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in St Petersburg, FL .

  • Rent decreased in Brandon, FL, Clearwater, FL, Riverview, FL, Wesley Chapel, FL, Largo, FL.

  • 4 suburbs are currently priced higher than the city of Tampa.

  • 2 suburbs are currently priced lower than the city of Tampa.

October 2024 Pricing Trends: Tampa vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Tampa, FL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,189
$3,067
$2,364
$2,363
$1,886
$1,564
$1,360
$1,243
$1,173
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Tampa Rent Prices More Affordable Than Major Cities

Rent growth in Tampa over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Tampa average rent prices appear to be relatively affordable for local residents.

The price for a Tampa 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 Tampa and surrounding area rent prices, take a look at the complete data set below.

Data set for Tampa and suburbs

1 BR October 1 BR M/M % Change 2 BR October 2 BR M/M % Change
Tampa, FL $1,564.0 0.19% $1,859.0 -0.16%
St Petersburg, FL $1,644.0 0.18% $1,976.0 0.92%
Brandon, FL $1,580.0 0.00% $1,832.0 0.27%
Clearwater, FL $1,455.0 -0.89% $1,709.0 -0.52%
Riverview, FL $1,627.0 -0.97% $1,863.0 -0.48%
Wesley Chapel, FL $1,694.0 -2.42% $2,026.0 0.55%
Largo, FL $1,504.0 0.00% $1,765.0 0.00%

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.