When considering a move or extended stay in Florida, understanding the rental landscape is an important part of budgeting. Florida rental prices vary widely depending on location, property type, and your personal preferences. Whether you’re looking at busy urban centers like Miami or quieter rural areas, it’s helpful to understand the factors that influence rental costs.
Additionally, using resources like Nestfully can streamline the process, helping you find the perfect rental that suits your needs and budget.
How Much Is It to Rent a Place in Florida for a Month?
Having an overview of the average monthly rental costs in some key areas of Florida can help you understand the range of prices to expect, depending on what region you plan to visit.
Miami-Dade County
In Miami, one of Florida’s most expensive cities, the average monthly rent ranges from around $1,000 to $4,500.
Orlando-Orange County
Orlando, known for its theme parks and entertainment options, has slightly lower rental prices than Miami. Rental prices range from around $800 to $4,000. In addition, Tampa in Hillsborough County has the same average rental prices.
Rural Areas
In less populated areas of Florida, rental prices can be as low as $600 to $3,000 a month. Rural areas are a great option for those seeking affordability and tranquility away from the bustling cities.
What Is the Average Cost of Rent in the State of Florida?
Florida’s rental market has experienced significant growth recently, with the average rent across the state exceeding the national average. In fact, Florida was named the fastest-growing state in 2022. The median average price for a rental is about $2,000, which is down 1.14% from the end of 2023.
How Much Does It Cost To Live Comfortably in Florida?
The cost to live comfortably in Florida varies significantly depending on location, lifestyle, and personal preferences. Here’s a breakdown of the average basic living expenses in Florida, so you have an idea of what the average resident pays.
Housing
Housing is the most significant expense for most residents. The median home price in Florida is around $400,000, though this can be much higher in coastal areas. Renting may be more affordable, with a median average cost of $2,000 a month. However, rural areas tend to offer lower housing and rental prices.
Utilities
Utilities are another key living expense in Florida. The average resident of Florida pays around $400 monthly for utilities, which generally include:
- Cable
- Electricity
- Gas
- Internet
- Water
It’s also important to note that Florida’s climate leads to higher electricity bills in the summer when air conditioning use is at its peak.
Food and Groceries
Additional Expenses
In addition to these costs, there are other expenses to keep in mind. These vary widely by individual preferences, circumstances, career fields, etc. Below, you’ll find a few things to budget for when considering how much it will cost to live comfortably in Florida.
- Transportation
- Healthcare
- Insurance (home, auto, and health)
- Taxes and residential fees
- Education
- Entertainment and recreation
Are Florida’s Rent Prices Going Down?
According to the data found at Florida Atlantic University, rental prices in Florida are stabilizing after years of rapid growth. Metropolitan areas like Cape Coral and North Port have seen slight year-to-year declines in rent, while other larger cities (such as Miami) have experienced minimal increases.
What Factors Affect Rental Prices in Florida?
Florida, known for its warm climate, beautiful beaches, and vibrant cities, offers a range of rental options, from budget-friendly apartments for rent to luxury family vacation homes. Renting a place in Florida can vary considerably based on several factors.
Location
The location of a rental property is one of the most significant factors affecting the price. Cities like Miami and Orlando generally have higher rental costs due to their popularity and amenities.
Type of Property
The type of property also plays a crucial role in rental prices. For example, renting a luxury beachfront condo will cost more than a standard apartment or a small house.
Season of the Year
Florida’s visitor’s rental market is highly seasonal. It gets the most visitor traffic during winter months when retirees and vacationers seek to escape the colder climates, especially in coastal and tourist-heavy areas.
Amenities
Properties with amenities such as pools, gyms, and nearby tourist attractions may have higher rental prices. These features provide added convenience, making the property more appealing to potential visitors.
What are the Most Popular Places to Visit in Florida?
Florida is a top destination for vacationers, offering a range of options from stunning beaches to dynamic cities. You may want to look at some of the most popular places to visit in the Sunshine State.
Miami
- South Beach offers both relaxation and excitement. It's famous for its Art Deco Historic District, showcasing colorful buildings and lively nightlife.
- Wynwood Walls is an outdoor museum featuring large-scale murals by prominent street artists.
Orlando
- Walt Disney World Resort has various attractions across its four theme parks: Magic Kingdom, Epcot, Hollywood Studios, and Animal Kingdom.
- Universal Orlando Resort includes Universal Studios Florida and Islands of Adventure.
Key West
- Duval Street is a lively and historic area known for its dining options and unique shops.
- Ernest Hemingway Home and Museum is a historic residence celebrating this famous author and featuring beautiful gardens and architecture.
Tampa
- Busch Gardens combines a theme park with a zoo, offering exciting rides and animal encounters in a setting inspired by Africa.
- Ybor City is a historic neighborhood where you can explore Tampa’s diverse culture and historical architecture.
Naples
- Fifth Avenue South is known for its upscale shops, fine dining, and art galleries.
- Napes Pier is a treasured landmark, offering stunning views of the Gulf of Mexico, fishing, and picturesque sunsets.
Fort Lauderdale
- Las Olas Boulevard is a busy street featuring a mix of boutiques, restaurants, and galleries.
- Fort Lauderdale Beach is a prime destination for sunbathing and water activities.
How Can You Learn More About Florida Rentals?
Finding the right rental in Florida can be a complex process given the scope of options and prices. By considering the various factors affecting cost, you can better navigate the Florida rental market and secure a place that fits your lifestyle and budget.
To learn more about Florida rentals, visit Nestfully, where you can explore the market and find the perfect rental for you!
State Rentals by Top Cities
Rentals in Sunny Isles Beach, FL