Rents are on the rise in municipalities and counties in Tampa Bay, with Wesley Chapel the fourth most expensive rental area for one-bedrooms, according to a report from Zumper.
In April, the median rent for a one-bedroom was $1,140. That’s more than a 15 percent increase in a year.
Lutz was in the eighth slot for one-bedrooms, at $1,060. But, that was a slight dip of about 1 percent from a year ago.
Zumper is an online source for apartment and home rentals.
In April, Zumper looked at 20 cities in the Tampa Metro area and compiled a list of the most and least expensive cities, and cities with the fastest growing rents.
In Florida, the median rent in April was $1,185.
Wesley Chapel is more in the middle of the pack on two-bedroom rentals, at $1,290 – a modest 1.6 percent increase from last year.
Lutz almost matches Wesley Chapel on two-bedrooms, at $1,260. But, that is nearly an 8 percent increase from last year.
New Port Richey and Zephyrhills had the cheapest one- and two-bedroom rentals in April. Renters in New Port Richey paid $730 for a one-bedroom, and $860 for a two-bedroom. That was a nearly 16 percent increase on one-bedrooms, but more than a 2 percent decline in two-bedroom rentals from last year.
In Zephyrhills, a one-bedroom was $680, and a two-bedroom, $850. The one-year increase for one-bedrooms was 11.5 percent, and nearly 15 percent for two-bedrooms.
By comparison, a one bedroom in Tampa in April was $1,130, an increase of more than 14 percent year-to-year. A two-bedroom was $1,370, also about 14 percent higher than last year.
Dunedin, in Pinellas County, had the priciest one-bedroom for April, at $1,130. That was more than a 6 percent decrease from last year, but a nearly 5 percent increase month-to-month.
Two-bedrooms in Dunedin were $1,490, an 11 percent increase from last year.
The priciest two-bedroom rentals in April were in Clearwater, at $1,640; and in St. Petersburg, at $1,630.
For information, visit Zumper.com.
Published May 30, 2018
