Jacksonville, 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 Jacksonville, Florida rental market.
Highlights
An apartment for rent in Jacksonville, Florida typically goes for $1,489 per month, while a single-family home for rent in Jacksonville, Florida has a monthly cost of around $1,982. Renter-occupied units make up 43% of the local housing market, while the rental vacancy rate in Jacksonville, Florida is at 6.1.
Jacksonville, Florida
Average Apartment Rent
$1,489
Y-o-Y Change in Average
Apartment Rent
-1.4%
Average Single-Family Rent
$1,982
As of November 2024
Compared to a year ago, Jacksonville, Florida apartments have recorded a -1.4% rent decrease.
Jacksonville, Florida Average apartment rent trend
Jacksonville, Florida Average Apartment Rent
Jacksonville, Florida Apartment rent ranges
At 48.75%, apartments priced $1,000 - $1,500 represent the bulk of Jacksonville, Florida rentals, while condos priced $500 - $700 hold the lowest share of the market – 0.08%.
Jacksonville, Florida Housing tenure**
Renters take up 43% of Jacksonville, Florida real estate, occupying a total of 161,688 units, while homeowners live in 214,163 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$46,891
Average household size of renter-occupied housing units**
2.32
Rental vacancy rate**
6.1%
Jacksonville, Florida Renter-occupied housing units by no. of bedrooms**
There are 60,416 rentals in Jacksonville, Florida with 2 beds making up the highest share of the market, at 37%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 997 units. Overall, the median number of rooms in Jacksonville, Florida homes for rent is 4.3.
Jacksonville, Florida Renter-occupied units by age of householder**
Most condos for rent in Jacksonville, Florida are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Jacksonville, Florida Renter-occupied housing units by family type**
Jacksonville, Florida Renter-occupied housing units by the presence of own children**
A total of 79,731 apartments for rent in Jacksonville, Florida, or 49% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 49,422 units. All in all, the median size of a renter-occupied household in Jacksonville, Florida is 2.32.
Jacksonville, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Jacksonville, Florida.
Jacksonville, Florida Renter-occupied units by year structure built**
The highest share of Jacksonville, Florida apartment rentals, namely 18% or 28,745 units, were Built 2000 - 2009, followed by those Built 1980 - 1989 (16%, 25,901 units), and the ones Built 1970 - 1979 (15%, 24,040 units).
Jacksonville, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Jacksonville, Florida renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Jacksonville, Florida condos for rent is 2018.
Jacksonville, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Jacksonville, Florida renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 13% have No vehicle available.
Jacksonville, Florida Means of transportation to work of householders living in renter-occupied housing units**
Jacksonville, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
Jacksonville, 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 Jacksonville, 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
