Gainesville, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Gainesville, Florida rental market.
Gainesville, Florida
Average Apartment Rent
$1,705
Y-o-Y Change in Average
Apartment Rent
0.2%
As of July 2024
Compared to a year ago, Gainesville, Florida apartments have recorded a 0.2% rent increase.
Gainesville, Florida |Average apartment rent trend
Gainesville, Florida| Average apartment rent
Gainesville, Florida | Apartment rent ranges
At 37.87%, apartments priced $1,500 - $2,000 represent the bulk of Gainesville, Florida rentals, while condos priced $500 - $700 hold the lowest share of the market – 0.53%.
Gainesville, Florida | Housing tenure**
Renters take up 62% of Gainesville, Florida real estate, occupying a total of 33,955 units, while homeowners live in 21,238 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$33,004
Average household size of renter-occupied housing units**
2.17
Rental vacancy rate**
14.1%
Gainesville, Florida | Renter-occupied housing units by no. of bedrooms**
There are 13,655 rentals in Gainesville, Florida with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 207 units. Overall, the median number of rooms in Gainesville, Florida homes for rent is 4.1.
Gainesville, Florida |Renter-occupied units by age of householder**
Most condos for rent in Gainesville, Florida are occupied by residents in the 15 - 24 years age group (36%), followed by those in the 25 - 34 years age group (28%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Gainesville, Florida | Renter-occupied housing units by family type**
Gainesville, Florida | Renter-occupied housing units by the presence of own children**
A total of 8,747 apartments for rent in Gainesville, Florida, or 26% of all rentals are family households. Additionally, 14% of rental homes include children under the age of 18 – that’s 4,653 units. All in all, the median size of a renter-occupied household in Gainesville, Florida is 2.17.
Gainesville, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 44% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Gainesville, Florida.
Gainesville, Florida | Renter-occupied units by year structure built**
The highest share of Gainesville, Florida apartment rentals, namely 24% or 8,015 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (19%, 6,569 units), and the ones Built 1990 - 1999 (17%, 5,704 units).
Gainesville, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2019
Most Gainesville, Florida renters (47%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Gainesville, Florida condos for rent is 2019.
Gainesville, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Gainesville, Florida renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 13% have No vehicle available.
Gainesville, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Gainesville, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Gainesville, Florida | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Gainesville, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
