Is Rent High In Tampa FL Or The Tampa Bay Area?

No, the rent is not high in Tampa FL or the Tampa Bay area. The rent is actually very close to the national average rent when you are comparing large metropolitan areas. Renters here also have some perks which can offset the costs of their rent.

Tampa FL

Tampa Residents-An Affordable Place To Rent Housing

The average rent for a condo, townhome or traditional single family home is $2,200 as of the day of this blog post. I just checked it in the Multiple Listing Service realtors use and 351 homes have rented in the previous 30 days. To be hones i did substitute the median rent which is more accurate than the average rent.

Florida Gulf Coast University

Florida Gulf Coast University which is quite a bit south of Tampa estimates that a family needs an income of $84,000 to afford rent. I believe tat number to be to high and depends on the area which one is looking to rent. Most people who choose to rent do not end up on Davis islands or in South Tampa unless they want to pay twice the average rent of what is charged in much of north Tampa.

Urban Development & Renters

Many residents choose to live in apartments because they are less expensive. You will not need as much money up front. Typically first month, last month plus deposit and a decent credit score can qualify you. It is also easier to get cosigners for a rental property.