Florida Rent Raises over the National Average, Orlando and Tampa Lead the way

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Rents in the Sunshine State are increasing at a higher rate than nationwide averages, with one-bedroom rents averaging $1,100, while two-bedroom rents cost $1,400. Florida rents increased by 0.3 percent from February to March, and are up 3.9 percent over last year. That rate beats out the national rent growth over the past year by 1.2 percent

Orlando has the highest year-over-year rent growth at 8.9 percent. A two-bedroom here averages $1,110, while a one-bedroom goes for $980. In addition to showing the highest increase in rents, Orlando was also Florida’s eighth-most-expensive city for two-bedroom figures

Tampa placed seventh for most expensive cities, with an average two-bedroom price of $1,170. Rents in Tampa have risen 8.6 percent over the past year, the second most of any Florida city for the month of March.

Is this time to Buy a home?

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