Tampa, 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 Tampa, Florida rental market.

Tampa, Florida

Average Apartment Rent

$1,911

Y-o-Y Change in Average
Apartment Rent

-1.1%

As of November 2024

Compared to a year ago, Tampa, Florida apartments have recorded a -1.1% rent decrease.

Tampa, Florida Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Tampa $1,762 $1,834 $1,915 $1,917 $1,898 $1,920 $1,923 $1,920 $1,931 $1,911
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Tampa
National
Nov 2021
$1,762
$1,596
Mar 2022
$1,834
$1,635
Jul 2022
$1,915
$1,708
Nov 2022
$1,917
$1,726
Mar 2023
$1,898
$1,714
Jul 2023
$1,920
$1,739
Nov 2023
$1,923
$1,733
Mar 2024
$1,920
$1,727
Jul 2024
$1,931
$1,752
Nov 2024
$1,911
$1,748

Tampa, Florida Average Apartment Rent

Tampa, Florida Apartment rent ranges

Under $500
$501 - $700
$701 - $1000
$1,001 - $1,500
$1,501 - $2,000
Over $2,000

At 41.14%, apartments priced $1,500 - $2,000 represent the bulk of Tampa, Florida rentals, while condos priced $500 - $700 hold the lowest share of the market – 0.14%.

Tampa, Florida Housing tenure**

Renter occupied housing units 77,745
Owner occupied housing units 79,321

Renters take up 49% of Tampa, Florida real estate, occupying a total of 77,745 units, while homeowners live in 79,321 properties.

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

3.9

Renter median household income**

$48,566

Average household size of renter-occupied housing units**

2.2

Rental vacancy rate**

6.2%

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

No bedrooms 4,506
1 bed 24,107
2 beds 29,583
3 beds 15,650
4 beds 3,545

There are 29,583 rentals in Tampa, Florida with 2 beds making up the highest share of the market, at 38%. Units with 4 beds, on the other hand, hold the lowest percentage (5%), amounting to 3,545 units. Overall, the median number of rooms in Tampa, Florida homes for rent is 3.9.

Tampa, Florida Renter-occupied units by age of householder**

15 - 24 years 7,075
25 - 34 years 24,387
35 - 44 years 15,810
45 - 54 years 10,846
55 - 59 years 5,295
60 - 64 years 4,332
65 - 74 years 6,312
75 - 84 years 2,765
85 years and over 923

Most condos for rent in Tampa, Florida are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.

Tampa, Florida Renter-occupied housing units by family type**

Family households 32,467
Non-Family Households 45,278

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

With related children of the householder under 18 19,072
No related children of the householder under 18 58,673

A total of 32,467 apartments for rent in Tampa, Florida, or 42% of all rentals are family households. Additionally, 25% of rental homes include children under the age of 18 – that’s 19,072 units. All in all, the median size of a renter-occupied household in Tampa, Florida is 2.2.

Tampa, Florida Renter-occupied housing units by educational attainment**

Less than high school graduate 9,110
High school graduate (including equivalency) 18,146
Some college or associate's degree 20,892
Bachelor's degree or higher 29,597

In terms of education, renters holding bachelor degrees or higher make up 38% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Tampa, Florida.

Tampa, Florida Renter-occupied units by year structure built**

Built 2020 or later 448
Built 2010 - 2019 11,219
Built 2000 - 2009 12,667
Built 1990 - 1999 11,086
Built 1980 - 1989 11,632
Built 1970 - 1979 10,902
Built 1960 - 1969 6,250
Built 1950 - 1959 5,168
Built 1940 - 1949 3,269
Built 1939 or earlier 5,104

The highest share of Tampa, Florida apartment rentals, namely 16% or 12,667 units, were Built 2000 - 2009, followed by those Built 1980 - 1989 (15%, 11,632 units), and the ones Built 2010 - 2019 (14%, 11,219 units).

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

Moved in 2021 or later 9,529
Moved in 2018 to 2020 32,534
Moved in 2010 to 2017 30,025
Moved in 2000 to 2009 4,121
Moved in 1990 to 1999 924
Moved in 1989 or earlier 612

Median year renter moved into unit 2018

Most Tampa, Florida renters (42%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Tampa, Florida condos for rent is 2018.

Tampa, Florida Renter-occupied housing units by vehicles available**

No vehicle available 10,901
1 vehicle available 41,722
2 vehicles available 20,614
3 vehicles available 3,485
4 or more vehicles available 1,023

When it comes to transportation options, 54% of Tampa, Florida renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 14% have No vehicle available.

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

Car, truck, or van - drove alone 61,110
Car, truck, or van - carpooled 8,421
Public transportation (excluding taxicab) 2,207
Walked 1,991
Taxicab, motorcycle, bicycle, or other means 2,948
Worked at home 11,939

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

Same house as 1 year ago 117,452
Moved within same county 28,842
Moved from different county within same state 8,542
Moved from different state 11,567
Moved from abroad 2,862

Tampa, 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 Tampa, 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

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