How Much Is Rent In Tampa Bay
Find out how much rent you should be paying here in Tampa based on…
LOS ANGELES, CA – FEBRUARY 01: A for rent sign is posted in front of an apartment building on February 1, 2017 in Los Angeles, California. According to the Consumer Price Index, rental prices in Southern California have spiked 4.7 percent in 2016 compared to 3.9 percent in 2015. The increase is the fastest since 2007. (Photo by Justin Sullivan/Getty Images)
Photo by Justin Sullivan/Getty ImagesWe are all aware of the skyrocketing costs of renting a house or apartment these days. But are you curious as to just how much apartment you can actually afford based on your income?
Rent Cafe' did a study on the top 100 cities across the U.S. and put together these figures. Based on keeping your rental cost at 30% of the median income for the Tampa Bay area, here is what you can expect to get for your money in the cities below:
Jacksonville: Sq. ft. afforded*: 838 Average apt size: 966 Average rent: $1,063
Orlando: Sq. ft. afforded*: 656 Average apt size: 958 Average rent: $1,402
St Petersburg: Sq. ft. afforded*: 642 Average apt size: 873 Average rent: $1,282
Tampa: Sq. ft. afforded*: 619 Average apt size: 925 Average rent: $1,298
Miami: Sq. ft. afforded*: 388 Average apt size: 892 Average rent: $1,692
Hialeah: Sq. ft. afforded*: 376 Average apt size: 830 Average rent: $1,363
**Apt size in square feet that can be rented on a 30% median renter household income.
Here's how Tampa and St. Petersburg compare to one another:
- Tampa offers 619 sq. ft. of rental space if you would spend no more than 30% of the median income there.
- The average apartment size in Tampa is actually larger, 925 sq. ft., but with rents that average at $1,298, you might not get that much bang for your buck for spending within reasonable means.
- In St. Petersburg renters get a bit more: 642 sq. ft. While the average rent here is not much less either, $1,282.
- The average size of apartments in St. Petersburg is less than those across Old Tampa Bay: 873 sq. ft., and also second-to-last compared to the other Florida cities.
Rent Cafe' also has a calculator you can use to see how much surface you can get by inputing your income HERE:
If you'd like to see how more cities compare go to Rent Cafe' HERE.
