Welcome to the April 2016 Florida Apartment List Rent Report! Rents in the Sunshine State are increasing at a higher rate than nationwide averages. In this report, we’ll be looking at trends across the whole state as well as variations between cities.
Florida Rent Prices
In Florida, 1-bedroom rents averaged $1,100 while 2-bedroom rents
Source: www.apartmentlist.com
YOY rents are up 3.9% in Florida versus only 2.7% nationally. Florida’s population is growing by nearly 1,000 residents per day. While apartment developers have been delivering a large number of units in recent years with fears of oversupply running rampant, the homeownership rate continues to decline causing the influx of units to be steadily absorbed…so far.