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Monday, Jul 16, 2018
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The rent in Tampa is getting more expensive faster than anywhere else in Florida, report says

Tampa rents are growing faster than in any other part of Florida though they are still less than in several cities, including St. Petersburg.

Over the past year, rental prices in Tampa have jumped 4 percent, almost double the national rate and almost four times the Florida rate, according to Apartmentlist.com. As of September, the median price for a two-bedroom Tampa rental was $1,200 compared to $1,300 in St. Petersburg and $2,360 in Miami, the state’s highest.

Apartmentlist, an online guide to available rentals, based its findings on listings on its site.

In a survey by the firm, Tampa renters gave the city C+ overall for satisfaction. The highest rated categories were weather (A) and local taxes (A). Renters also were relatively satisfied with local jobs and career opportunities, cost of living and quality of schools (each received a B).

Tampa ranked lower among renters for safety (C+), commute times (C) and access to public transportation (C-).

Tampa renters were more satisfied than those in Miami (C-) but less satisfied than those in Orlando (B) and Jacksonville (A-). Millennials rated Tampa higher than renters in general, giving the city a B- score overall.

Rents in St. Petersburg — which has seen an explosion in luxury apartments downtown — have risen 2 percent in the past year. The city gets a B+ rating overall from renters, with A’s for pet friendliness and state and local taxes; A- for weather and B for cost of living and affordability.

St. Petersburg renters were less satisfied with local jobs and career opportunities (B-), access to public transit (B-) and safety (C+). The biggest source of dissatisfaction was the quality of local schools (C-).

Nationally, the top-rated cities for renter satisfaction included Arlington, Va.; Lincoln, Neb.; Boston; and Madison, Wis. The lowest-rated cities included Newark, N.J.; Bridgeport, Conn.; Baltimore; and Salinas, Calif.

Contact Susan Taylor Martin at [email protected] or (727) 893-8642. Follow @susanskate

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