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Here’s Where Florida’s Rental Markets Rank

Miami charges the seventh-highest average rent in the nation and is No. 1 in Fla. at $2,846. Jacksonville is Fla.’s least expensive with rent averaging $1,748.

Gainesville, Fla. – These are the highest and lowest rental housing markets across the nation, based on average monthly rent, from among 107 metropolitan areas studied.

We’ve also included a list of Florida metro areas’ rankings. Data is from the Waller, Weeks and Johnson Rental Index, an ongoing project co-produced by the Florida Atlantic University Real Estate Initiative, Florida Gulf Coast University’s Lucas Institute for Real Estate Development & Finance, and the Alabama Center for Real Estate at the University of Alabama.

10 areas in the U.S. with highest rent

1. San Jose, California: $3,199

2. San Francisco: $3,157

3. Ventura, California: $3,014

4. New York: $3,004

5. San Diego: $2,946

6. Los Angeles, Long Beach, Anaheim: $2,864

7. Miami, Fort Lauderdale: $2,846

8. Boston: $2,762

9. (tie) Honolulu: $2,584

9. (tie) Riverside, California: $2,584

10 areas in the U.S. with lowest rent

1. Youngstown, Ohio: $853

2. Wichita, Kansas: $937

3. McAllen, Texas: $1,051

4. Little Rock, Arkansas: $1,059

5. Des Moines, Iowa: $1,152

6. Akron, Ohio: $1,162

7. Toledo, Ohio: $1,175

8. Omaha, Nebraska: $1,193

9. Dayton, Ohio: $1,206

10. Scranton, Pennsylvania: $1,207

U.S. ranks for 10 Florida areas

(National rank / monthly rent)

7. Miami-Fort Lauderdale-West Palm Beach: $2,846

13. North Port-Sarasota-Bradenton: $2,331

14. Port St. Lucie: $2,266

19. Fort Myers: $2,073

20. Tampa: $2,055

21. Orlando: $1,999

29. Melbourne: $1,881

35. Lakeland: $1,808

39. Daytona Beach: $1,788

44. Jacksonville: $1,748

Year-over-year rent increase for 10 Florida areas

(National rank / year-over-year change)

1. Fort Myers: +32.38%

2. Miami-Fort Lauderdale-West Palm Beach: +31.70%

3. North Port-Sarasota-Bradenton: +30.88%

5. Tampa: +26.93%

6. Port St. Lucie: +25.54%

8. Lakeland: +23.92%

9. Orlando: +23.70%

10. Melbourne: +22.46%

11. Daytona Beach: +21.88%

15. Jacksonville: +20.39%

Source: Waller, Weeks and Johnson Rental Index as of June 2022

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