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Clearwater, Florida Rental Market Trends

Disclaimer:

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 Clearwater, Florida rental market.

Clearwater, Florida

Average Apartment Rent in February 2023

$1,808

Y-o-Y Change in Average
Apartment Rent

2.8%

Compared to a year ago, Clearwater, Florida apartments have recorded a 2.8% rent increase.

Clearwater, Florida |Average apartment rent trend

Median Rent Mar 2020 Jul 2020 Dec 2020 Apr 2021 Aug 2021 Oct 2021 Feb 2022 Jun 2022 Oct 2022 Feb 2023
Clearwater $1,274 $1,262 $1,316 $1,365 $1,579 $1,692 $1,749 $1,846 $1,858 $1,808
National $1,405 $1,395 $1,399 $1,407 $1,490 $1,585 $1,624 $1,698 $1,715 $1,702
Clearwater
National
Mar 2020
$1,274
$1,405
Jul 2020
$1,262
$1,395
Dec 2020
$1,316
$1,399
Apr 2021
$1,365
$1,407
Aug 2021
$1,579
$1,490
Oct 2021
$1,692
$1,585
Feb 2022
$1,749
$1,624
Jun 2022
$1,846
$1,698
Oct 2022
$1,858
$1,715
Feb 2023
$1,808
$1,702
View as table View as graph
Access comprehensive real estate data and information on Yardi ® Matrix

Clearwater, Florida| Average apartment rent

Clearwater, Florida | Apartment rent ranges

Under $500
$500 - $700
$700 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

At 41.47%, apartments priced $1,500 - $2,000 represent the bulk of Clearwater, Florida rentals, while condos priced $700 - $1000 hold the lowest share of the market – 1.72%.

Clearwater, Florida | Housing tenure**

Renter occupied housing units
20,029
Owner occupied housing units
28,182

Renters take up 42% of Clearwater, Florida real estate, occupying a total of 20,029 units, while homeowners live in 28,182 properties.

Median number of rooms of renter-occupied housing units**

3.9

Renter median household income**

$37,805

Average household size of renter-occupied housing units**

2.39

Rental vacancy rate**

7.2%

Clearwater, Florida | Renter-occupied housing units by no. of bedrooms**

No bedrooms 1,605
1 bed 5,951
2 beds 8,881
3 beds 3,090
4 beds 435

There are 8,881 rentals in Clearwater, Florida with 2 beds making up the highest share of the market, at 44%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 435 units. Overall, the median number of rooms in Clearwater, Florida homes for rent is 3.9.

Clearwater, Florida |Renter-occupied units by age of householder**

15 - 24 years 941
25 - 34 years 4,588
35 - 44 years 4,030
45 - 54 years 3,611
55 - 59 years 1,586
60 - 64 years 1,166
65 - 74 years 2,033
75 - 84 years 876
85 years and over 1,198

Most condos for rent in Clearwater, Florida are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 4%.

Clearwater, Florida | Renter-occupied housing units by family type**

Family households
9,496
Non-Family housesholds
10,533

Clearwater, Florida | Renter-occupied housing units by the presence of own children**

With related children of the householder under 18
5,351
No related children of the householder under 18
14,678

A total of 9,496 apartments for rent in Clearwater, Florida, or 47% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 5,351 units. All in all, the median size of a renter-occupied household in Clearwater, Florida is 2.39.

Clearwater, Florida | Renter-occupied housing units by educational attainment**

Less than high school graduate 2,365
High school graduate (including equivalency) 5,903
Some college or associate's degree 6,898
Bachelor's degree or higher 4,863

In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Clearwater, Florida.

Clearwater, Florida | Renter-occupied units by year structure built**

Built 2014 or later 622
Built 2010 - 2013 497
Built 2000 - 2009 1,531
Built 1990 - 1999 2,973
Built 1980 - 1989 2,921
Built 1970 - 1979 6,149
Built 1960 - 1969 2,463
Built 1950 - 1959 1,647
Built 1940 - 1949 695
Built 1939 or earlier 531

The highest share of Clearwater, Florida apartment rentals, namely 31% or 6,149 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (15%, 2,973 units), and the ones Built 1980 - 1989 (15%, 2,921 units).

Clearwater, Florida | Renter-occupied units by year householder moved in**

Moved in 2017 or later 1,823
Moved in 2015 to 2016 10,885
Moved in 2010 to 2014 4,921
Moved in 2000 to 2009 1,809
Moved in 1990 to 1999 414
Moved in 1989 or earlier 177

Median year renter moved into unit2016

Most Clearwater, Florida renters (54%) moved in 2015 to 2016, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Clearwater, Florida condos for rent is 2016.

Clearwater, Florida | Renter-occupied housing units by vehicles available**

No vehicle available 3,911
1 vehicle available 9,829
2 vehicles available 5,204
3 or more vehicles available 1,085

When it comes to transportation options, 49% of Clearwater, Florida renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 20% have No vehicle available.

Clearwater, Florida | Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 15,093
Car, truck, or van - carpooled 2,665
Public transportation (excluding taxicab) 707
Walked 953
Taxicab, motorcycle, bicycle, or other means 1,013
Worked at home 2,265

Clearwater, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 34,063
Moved within same county 9,422
Moved from different county within same state 1,191
Moved from different state 2,387

Clearwater, 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 Clearwater, 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, 2020 American Community Survey 5-Year Estimates

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