Sarasota 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 Sarasota City, Florida rental market.
Sarasota City, Florida
Average Apartment Rent
$2,052
Y-o-Y Change in Average
Apartment Rent
-1.2%
As of May 2026
Compared to a year ago, Sarasota City, Florida apartments have recorded a -1.2% rent decrease.
Sarasota City, Florida Average apartment rent trend
Sarasota City, Florida Average Apartment Rent
Sarasota City, Florida Apartment rent ranges
At 29.89%, apartments priced $1,500 - $2,000 represent the bulk of Sarasota City, Florida rentals, while condos priced Under $1,000 hold the lowest share of the market – 2.62%.
Sarasota City, Florida Housing tenure**
Renters take up 43% of Sarasota City, Florida real estate, occupying a total of 10,770 units, while homeowners live in 14,112 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$51,313
Average household size of renter-occupied housing units**
2.18
Rental vacancy rate**
5.6%
Sarasota City, Florida Renter-occupied housing units by no. of bedrooms**
There are 5,438 rentals in Sarasota City, Florida with 2 beds making up the highest share of the market, at 50%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 55 units. Overall, the median number of rooms in Sarasota City, Florida homes for rent is 4.1.
Sarasota City, Florida Renter-occupied units by age of householder**
Most condos for rent in Sarasota City, Florida are occupied by residents in the 25 - 34 years age group (21%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 5%.
Sarasota City, Florida Renter-occupied housing units by family type**
Sarasota City, Florida Renter-occupied housing units by the presence of own children**
A total of 4,603 apartments for rent in Sarasota City, Florida, or 43% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 2,420 units. All in all, the median size of a renter-occupied household in Sarasota City, Florida is 2.18.
Sarasota City, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 30% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Sarasota City, Florida.
Sarasota City, Florida Renter-occupied units by year structure built**
The highest share of Sarasota City, Florida apartment rentals, namely 25% or 2,648 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (14%, 1,454 units), and the ones Built 1950 - 1959 (13%, 1,388 units).
Sarasota City, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Sarasota City, Florida renters (39%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Sarasota City, Florida condos for rent is 2018.
Sarasota City, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Sarasota City, Florida renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 14% have No vehicle available.
Sarasota City, Florida Means of transportation to work of householders living in renter-occupied housing units**
Sarasota City, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Sarasota 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
