Leesburg City, 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 Leesburg City, Florida rental market.
Leesburg City, Florida
Average Apartment Rent
$1,374
Y-o-Y Change in Average
Apartment Rent
0.5%
As of November 2024
Compared to a year ago, Leesburg City, Florida apartments have recorded a 0.5% rent increase.
Leesburg City, Florida Average apartment rent trend
Leesburg City, Florida Average Apartment Rent
Leesburg City, Florida Apartment rent ranges
At 50.51%, apartments priced $1,000 - $1,500 represent the bulk of Leesburg City, Florida rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 49.49%.
Leesburg City, Florida Housing tenure**
Renters take up 44% of Leesburg City, Florida real estate, occupying a total of 5,035 units, while homeowners live in 6,316 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$33,646
Average household size of renter-occupied housing units**
2.42
Rental vacancy rate**
11.1%
Leesburg City, Florida Renter-occupied housing units by no. of bedrooms**
There are 2,406 rentals in Leesburg City, Florida with 2 beds making up the highest share of the market, at 48%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 73 units. Overall, the median number of rooms in Leesburg City, Florida homes for rent is 4.
Leesburg City, Florida Renter-occupied units by age of householder**
Most condos for rent in Leesburg City, Florida are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Leesburg City, Florida Renter-occupied housing units by family type**
Leesburg City, Florida Renter-occupied housing units by the presence of own children**
A total of 2,996 apartments for rent in Leesburg City, Florida, or 60% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 1,667 units. All in all, the median size of a renter-occupied household in Leesburg City, Florida is 2.42.
Leesburg City, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 17% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Leesburg City, Florida.
Leesburg City, Florida Renter-occupied units by year structure built**
The highest share of Leesburg City, Florida apartment rentals, namely 23% or 1,173 units, were Built 2000 - 2009, followed by those Built 1980 - 1989 (17%, 832 units), and the ones Built 1970 - 1979 (16%, 811 units).
Leesburg City, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Leesburg City, Florida renters (48%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Leesburg City, Florida condos for rent is 2016.
Leesburg City, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 55% of Leesburg City, Florida renters have 1 vehicle available per household, 19% of them have No vehicle available, and 18% have 2 vehicles available.
Leesburg City, Florida Means of transportation to work of householders living in renter-occupied housing units**
Leesburg City, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
Leesburg City, 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 Leesburg City, 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
